Interactive Investor

Standard Life Aberdeen: analyst's view of recovery potential

We've not seen a recovery above the Covid drop level yet, but our chartist goes looking for a catalyst.

29th July 2020 08:45

Alistair Strang from Trends and Targets

We've not seen a recovery above the Covid drop level yet, but our chartist goes looking for an indication that the shares can go higher.

Standard Life Aberdeen (LSE:SLA) 

Before producing a report, we generally glance at a companies website for a brief update on their basics.

Standard Life Aberdeen (LSE:SLA) prove quite challenging, thanks to the corporate website failing to provide clarity or examples on what they actually do to make money.

It took a Google search for some clarity, revealing they're a UK-based global investment company headquartered in Edinburgh, Scotland. It is the largest active asset manager in the UK, with investments in equities, multi-asset, fixed income, real estate and private markets.

As for Standard Life's share price, it has not yet recovered above the Covid-19 drop level. Thankfully, there are early signs giving some slight hope, the value needing to exceed 279p to (hopefully) trigger a recovery cycle to an initial 301p.

If bettered, our secondary calculates at 345p and an almost certain glass ceiling thanks to the history of prior highs.

If trouble is to be courted, the share needs slither below 234p to justify a raised eyebrow as this risks provoking a reversal path to an initial 158p with secondary, if broken, at 132p.

We cannot calculate below 132p at present, so regard this unlikely drop potential as an "ultimate bottom".
 
For now, the visuals suggest the company shall be worth keeping an eye on as a jump to 301p makes a lot of sense.

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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