Lloyds Bank shares and a glass ceiling
The retail bank sector has spent the past few months unwinding all the gains made since the March low. Now independent analyst Alistair Strang reveals new targets for this popular stock.
9th November 2026 07:58
by Alistair Strang from Trends and Targets
The Lloyds Banking Group (LSE:LLOY) share price failed to trigger an upward level since our analysis three weeks ago. The converse has been true, however, the share “successfully” triggering reversal to an initial 95.5p, even breaking below and making our longer-term secondary around 91p a viable proposition.
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However, we feel the need to alter our reversal potentials.
For Lloyds, we’re inclined to present 92.13p as a trigger level, the share price (according to our software) required to close below such a level, introducing the potential of some fairly nasty reversals.
Alternately, a less certain trigger is suggested, if the share makes it below 91.3p during the course of a day, as this risks promoting reversal to an initial 87p with our secondary, if broken, calculating at 76.5p. There’s a reasonable visual argument favouring a bounce if 76.5p makes itself known in the fullness of time.
Our alternate happier scenario asks Lloyds' share price to exceed 106p before any tentative step into the realms of hope. Movements such as this ideally shall bring a visit to an initial 107.3p with our longer-term secondary, if bettered, calculating at 115.7p.
In summary, we suspect 87p shall provide a bounce if the current misery cycle continues. But unfortunately, there’s an increasingly solid looking glass ceiling forming around the 115p for the future, perhaps hinting the retail banking sector is about to spend time trapped in a zone with a lack of honest activity.
Source: Trends and Targets. Past performance is not a guide to future performance. Important: Trends and Targets charts only incorporate official share count consolidations, ignoring rights issues where investors have a choice as to whether to participate.
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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