NatWest: waiting to accelerate?
Independent analyst Alistair Strang considers a blue-chip bank share ‘spinning its wheels’. He’s not convinced at the stall.
10th August 2026 09:08
by Alistair Strang from Trends and Targets
NatWest Group (LSE:NWG)’s share price feels like it has hit a patch of wet grass. It successfully hit the 692p level we proposed three weeks ago and is now slithering around, failing to achieve our secondary of 736p.
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Instead, it has been spinning its wheels at the 726p level quite convincingly, “almost” making us suspect that it’s going no higher. We’ve used parentheses around the word “almost” as we’re not convinced at the stall, suspecting it just needs a patch of decent weather in the marketplace to permit further acceleration.
Above 726p now calculates with an initial ambition at 740p with our secondary, if exceeded, working out at 760p, a price level where we think some further hesitation will occur. But overall, the big picture now claims a distant 820p is exerting a long-term attraction!
If things intend to go wrong, below 688p looks a bit troublesome, capable of provoking reversal down to an initial 677p with our secondary, if broken, at 645p and visually, a point from which a rebound could easily be anticipated.
If in such a zone, a big-picture possibility of a bottom at 598p makes some sort of sense, but absolutely nothing currently indicates such a cycle commencing.
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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