The point where Frasers shares might rebound
Shares in the retailer are in positive territory this year but independent analyst Alistair Strang has concerns. Here's what his charts say.
19th November 2025 07:52
by Alistair Strang from Trends and Targets
Recent news that Frasers Group (LSE:FRAS) is considering the purchase of Braehead Shopping Centre near Glasgow should be interesting. The shopping centre, on the banks of the River Clyde, has always managed to avoid taking advantage of a fantastic resource on its literal doorstep. The penny failed to drop that they could be the only shopping centre in the UK capable of accepting cruise ship visits. Perhaps Frasers Group shall bring an epiphany.
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This year has certainly not been kind to Frasers' share price, it essentially flatlining when compared with historical performance. There are some signs this period of laziness is about to come to a halt as movement below 669p risks triggering a drop down to 615p with its secondary, if broken, down at 594p and hopefully a rebound, a viable possibility given the Red uptrend since 2020.
Unfortunately, there’s a serious risk of danger, should the share price manage to close below 594p for any reason, as the Big Picture mentions this as being the first tick in a box which should lead to a bottom of 415p.
If things intend to turn happy, the share price needs to exceed 765p to give an indication things are about to improve, giving the hope of a visit to an initial 860p and visually some almost certain hesitation. With closure above 860p, our long-term recovery scenario gives a future 969p as a sane target level.
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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