Is NatWest share slump an opportunity?
An incredible rally came to a shuddering halt this month, but independent analyst Alistair Strang believes there's a positive angle in the charts.
16th February 2026 08:04
by Alistair Strang from Trends and Targets
In our last report on NatWest Group (LSE:NWG) toward the end of January, we speculated on the potential of 702p making an appearance, something which happily occurred. In the period since, the market has opted to “celebrate” NatWest pocketing a significant 25% rise in annual profits by enacting a bit of reversal on the share price.
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It’s all very jolly, aside from the near 20% drop in share price value over the last few days!
From our perspective, there is a problem at the 549p level, a point the share price cannot afford to close below. This issue dates back to 2007, and the shares are paying attention to the Blue downtrend line. Closure below 549p, the point of breakout, will effectively take all our growth targets off the table and require a new session looking hard at tea leaves.
This risks being an issue due to recent price movements, as below 580p points at coming reversal to an initial 545p with our secondary, if broken, at 517p. Either target affords the share the chance of closing below our breakout level, forcing us back to the drawing board. However, we’re not entirely convinced by the recent reversals, which felt quite contrived and make us suspect NatWest may still have some strength waiting to be shown.
At present, we shall be inclined to view above 592p as holding the potential to trigger a nudge in the direction of 606p with our secondary, if bettered, at 620p. Better still, share price closure above 620p now calculates as holding a long term attraction from a distant sounding 873p.
NatWest shall be interesting in the weeks ahead.
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.
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