NatWest shares and a possible new trend
Independent analyst Alistair Strang believes this bank's share price should be going up, but will it? Here's what his latest charts say.
30th June 2025 07:55
by Alistair Strang from Trends and Targets
By most standards, NatWest Group (LSE:NWG)'s share price should be heading upward quite firmly, now looking capable of movement above 525p bringing a visit to an initial 553p with our secondary, if bettered, a longer term 572p.
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Unfortunately, it feels more likely the market shall opt to slow things down with movement below 500p now looking capable of driving reversal down to an initial 480p with our longer-term secondary, if broken, at a bottom of 432p and an “almost certain” bounce.
What’s frustrating is visually the 480p level should be capable of arresting reversals, this target ambition matching the point of trend break from the blue downtrend since 2007.
But we’re not the only folk with a blue crayon, instead suspecting the market shall endeavour to create an entirely new trend by breaking below such an obvious historical precedent.
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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