Have M&S shares fallen far enough?
Shares in the high street retailer have struggled since the Iran war broke out, so independent analyst Alistair Strang has gone looking for any positive signals.
14th May 2026 07:43
by Alistair Strang from Trends and Targets
Visually, the chart for Marks & Spencer Group isn’t in a happy place, the share price appearing poised to enact its own disaster.
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Weakness continuing below 301p points at reversals to an initial 275p with our secondary, if broken, at a potential bottom at 227p, matching the lows of 2024.
However, if M&S experiences a turn for the better, the share price needs to climb above 337p to hopefully trigger movement to an initial 373p with our secondary, if exceeded, calculating at a future 432p
A future such as this shall be worth watching for, giving the price the potential for closing above the “glass ceiling” which exists at the 400p level, an area which has been a problem for the last 10 years.
Share price closure above this level shall be viewed as a big deal for the future, suggesting a very distant 719p is providing an attraction.
We suspect, despite the immediate dip below the Red uptrend, Marks & Spencer should prove worth watching from a positive viewpoint. Perhaps it shall enact the “This isn’t just any share, this is a Marks & Spencer share” to impress everyone?
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.
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