Which way will Kingfisher shares break out?
Moving sideways with the wider markets since March, independent analyst Alistair Strang looks at prospects for the DIY retailer as it approaches a possible breakout zone.
1st July 2026 07:36
by Alistair Strang from Trends and Targets
For DIY retailer Kingfisher (LSE:KGF), there has already been an indication that weakness below 270p risks triggering reversal to 247p with our secondary, if broken, at a bottom of 204p.
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The concept of a visit to 204p makes rather a lot of visual sense on the chart below. Any break below the red closing price uptrend risks giving traders a spanking. Though if the 204p level makes an appearance, there’s a fairly confident argument suggesting it will make a great level from which to anticipate a bounce.
Our alternate scenario makes more sense as, if the market opts to introduce gains, anything which drags Kingfisher above 295p is liable to become especially interesting. If such a level is bettered, it will have triggered impressive longer-term potentials, giving a future ambition of an initial 355p with our secondary, if beaten, at a distant 404p. We’d be optimistic were it not for the little problem of B&Q.
The business appears to be price gouging, charging quite inappropriately above fair prices, with Amazon now proving a reliable price check site or, to be ridiculous, dropping into the bowels of Temu to validate many B&Q prices.
This certainly makes us wonder about Kingfisher. But then again, Screwfix, another of Kingfisher's entities, still tries relatively hard to cater to their customer base.
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.
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