Happy days ahead for GlobalData shares?
A recent sell-off has piqued the interest of independent analyst Alistair Strang. Here's what's his charts say about share price potential.
12th June 2025 07:32
by Alistair Strang from Trends and Targets
A trawl of the market picked up GlobalData (LSE:DATA) as being potentially interesting. The company, best summarised as data magpies, has a share price behaving strangely, almost as if the market may have a cunning plan up their sleeve.
- Invest with ii:Open a Stocks & Shares ISA | Top ISA Funds | Transfer your ISA to ii
Visually, we shall not be aghast if the price reverses to around 138p before bouncing, ideally any bounce taking the price above 160p.
Such a movement should prove capable of triggering price acceleration to an initial 211p, our secondary if bettered calculating at an eventual 238p and some very probable hesitation.
Share price closure, sometime in the future, above 238p shall prove significant, broadcasting game-changing potentials for the share price.
Of course, there's always the risk of things going pear shaped. Closure below 138p would be pretty grim, suggesting the potential of travel down to an eventual (hopeful) bottom at 103p. For now, we suspect the optics suggest some happy days ahead for the company.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.