Rockhopper shares and the odds of positive movement
Independent analyst Alistair Strang explains the share price outlook for this oil company focused on the Falkland Islands.
7th May 2026 07:42
by Alistair Strang from Trends and Targets
Something a bit odd has happened with Rockhopper Exploration (LSE:RKH). It used to be the case a Google search for the company would reveal them at the top of listings. Unfortunately, it’s now the case a search reveals more information on Penguins than any sane person would need to know, along with a lot of blurb about a type of mountain bike. Eventually, Google stumbled upon links to Rockhopper Exploration and was kind enough to provide a link to the company website.
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Rockhopper continues to boast of their Sea Lion oil field in the Falkland basin, described as a “world class” find. Unfortunately, despite their goose laying this golden egg, the company share price continues to be just a little boring. US President Trump probably didn’t assist the company's stance by commenting, probably flippantly, on Argentina’s claim to the Falklands.
From a chart perspective, Rockhopper actually looks poised for some positive action. Above 91p calculates with the potential of an initial 94p with our longer-term secondary, if bettered, at 105p. Overall, a long-term 150p shall be regarded as exerting influence from the future.
Should things intend to go pear-shaped, Rockhopper only needs below 76p to indicate the potential of trauma, allowing reversal to an initial 68p with our longer-term secondary, if broken, calculating down at a future 56p and a serious risk of the share price being trapped in quicksand.
By just about every standard, we feel Rockhopper is a little dangerous, perhaps absorbing something of Desire Petroleum’s DNA along the historical trail. But, on balance, some gains feel like they may be possible.
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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