This insurer’s shares offer further hope
Independent analyst Alistair Strang reveals what his charts say about a FTSE 100 firm that’s just delivered strong results.
7th August 2025 08:52
by Alistair Strang from Trends and Targets
At one point during the trading session, Hiscox Ltd (LSE:HSX)’s share price was up 15.39%, a truly impressive surge for a FTSE 100 company, but of course it closed the session “only” up 9.44%.
This, while marginally below the double-digit rise was attributed to their ambitions for the future, along with the intention of the company buying back shares. Such a reduction in issued capital generally will provoke a price rise, fewer shares being available to meet perceived demand.
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But from a big-picture perspective, something quite important has happened, the share price coming within a whisker of achieving the next major milestone for the longer term and that’s closure above 1429p.
According to our software, this is a pretty big thing, also achievable anytime soon, as the market high on the 6 August was 1454p. We’ve even decided to spoil readers with a zoomed-in excerpt on the chart below.
Source: Trends and Targets. Past performance is not a guide to future performance.
Currently, either closure above 1429 or (allegedly) trades above 1454p should suffice to take the share price on an upward journey to an initial 1700p, effectively matching the highs before Covid chose to spoil everything. Our long-term secondary (with closure above 1700p) comes along at 2054p and a new all-time high for the share price.
To review a scenario where everything burns to the ground, the share price needs to close a session below 1344p, as this risks triggering reversal to an initial 1114p with our secondary, if (when) broken at an eventual 1008p and an almost certain rebound.
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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