New multi-year high for Lloyds Bank shares?
Getting excited about prospects, independent analyst Alistair Strang explains what he thinks shares in the high street lender might do next.
7th September 2026 07:20
by Alistair Strang from Trends and Targets
When we previously reviewed the Lloyds Banking Group (LSE:LLOY) share price, we optimistically proclaimed it needed to close below 108p to spoil our optimism for the future. Something extremely curious is taking place with their share price as we’ve now got a clutter of calculations, all pointing to the same price level as a target.
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The first set of arguments dates back to 2018, our second set dates from the start of this year, and the third series of calculations growing from price movements since our previous analysis just three weeks ago.
Generally speaking, when this sort of thing occurs, it becomes pretty certain a share price is intended to reach the target level; and for Lloyds Banking Group, we’re now looking at a future target of 123p. From a near-term perspective, above 113p should now trigger a lift to the 123p level.
Importantly, we also need now mention closure above 123p should next trigger an interesting race to 151p.
Our converse scenario is a bit worrying, giving the potential for a forced slow down in the share's optimistic future. Below 108p now risks a visit to an initial 103p with our secondary, if broken, at a “bottom” of a less likely 100p.
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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