Why NatWest shares need to get a move on
19th April 2022 07:36
by Alistair Strang from Trends and Targets
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There's been little to cheer since the recovery in early March, with NatWest shares moving sideways. Here's what independent analyst Alistair Strang thinks the future holds.
NatWest Group's (LSE:NWG) share price is starting to feel poised for trouble, enjoying plenty of reasons to head upward, yet refusing to do so.
Currently at 219p, the share price needs to decline below 206p to suggest coming trauma as such a movement risks promoting reversal to an initial 192p.
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If broken, our secondary calculation runs deep at 181p, effectively matching the depths of the Russia drop in March. Visually, should such a number appear, there’s certainly considerable hope for a bounce.
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However, we remain slightly optimistic for NatWest due to the pattern of price movements during the last few months.
Source: Trends and Targets. Past performance is not a guide to future performance
The immediate situation hints, quite strongly, of movement above 226p being capable of a lift to 236p next, with our longer-term secondary working out at 260p, an ambition which should prove game-changing for the share.
All NatWest needs to do is to start moving.
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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