Things are looking up for Lloyds Bank share price
Lloyds shares just broke above a downtrend, and developments in the Middle East could help the bank's shares extend gains, according to independent analyst Alistair Strang's charts.
15th June 2026 07:34
by Alistair Strang from Trends and Targets
Given the peace deal in the Middle East agreed over the weekend, our inclination is to anticipate good things for the Lloyds Banking Group (LSE:LLOY) share price.
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On Friday, the market chose to elevate Lloyds share price above the immediate downtrend, presumably in anticipation of the Iran war being resolved.
The immediate situation suggests above just 102.6p should promote some gains for the share price, an initial 107.5p looking like a viable ambition. Our longer-term secondary, if this hope is exceeded, calculates at a confident looking 116.7p.
The scenario will create a situation where Big Picture influences should intrude, closure above 115p assembling a strong argument which favours a distant ambition of 150p some time in the future. Probably a safer longer-term hope than investing in a factory making Scotland Flags to support the football team.
Should things make an effort to go wrong, below 95p could prove nasty, easily provoking reversal to an initial 81p with our secondary, if broken, at 84p. In this instance, it feels like optimism for Lloyds is possible.
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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