Interactive Investor

Have faith in Trustpilot’s share rally

A successful stock market listing in 2021 quickly unravelled and the share price took until last October to begin a recovery. Independent analyst Alistair Strang reveals what he thinks will happen next.

9th May 2024 07:34

by Alistair Strang from Trends and Targets

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One interesting aspect of Trustpilot Group (LSE:TRST)’s share price is it looks capable of heading upward, perhaps quite firmly.

Trustpilot has possibly discovered reliable sources of revenue and it looks like this could be reflected in their share price ambitions.

Currently trading around 207p, above 211p now looks like forging a path to an initial 226p with our longer-term secondary, if bettered, coming in at a five-star future 286p, a price level at which we suspect some hesitation shall occur.

Should things intend to go wrong for the share - a nasty possibility due to the wild share price movements on 19 March - below Red at 184p risks promoting reversal down to an initial 160p with our secondary, if broken, at 132p and a very possible rebound level.


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.

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