Keep an eye on Chemring shares
Like a lot of defence companies, this one has had a fantastic 2025, although the share price has traded sideways for the past five months. Independent analyst Alistair Strang tells us what his chart software says.
11th November 2025 07:46
by Alistair Strang from Trends and Targets
This is becoming an annual habit, reviewing defence company Chemring Group (LSE:CHG) around Guy Fawkes day. Our previous review in November last year has seen the price achieve our target levels, albeit entirely at their own pace, and our outlook needs an update.
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We’re fairly impressed at how the share price has performed since achieving our target level of 551p. Since June this year, the price has closed above our target level on multiple occasions, and now closure above 600p (the most recent closing price high) shall be regarded as a solid signal for positive movement ahead.
This being the case, closure above 600p or indeed intraday traffic above 614p – the recent intraday high – will be viewed as triggering share price gains to an initial 738p with our secondary, if exceeded, a longer-term all time high of 826p and some potential hesitation.
Unfortunately, the visuals for this defence contractor hint at the potential of a pound shop firework infecting their share price.
Movement now below 525p risks triggering reversal down to an initial 494p with our secondary, if broken, at 455p and a very possible bottom with some bounce potentials. The share price needs to close below 428p to cancel our optimistic potentials. Worth keeping an eye on, we think.
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.
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