Will there be an upward surge at this FTSE 100 dividend stock?
Trading sideways for the past four years, independent analyst Alistair Strang reveals what his charts say about this high-yielding blue-chip's future.
6th October 2026 07:06
by Alistair Strang from Trends and Targets
LondonMetric Property (LSE:LMP)'s share price looks foul.
The UK landlord, which owns Alton Towers theme park, has broken below the uptrend since 2020 and sits in a position where weakness below 170p risks a visit to an 163p with our secondary, if broken, a hopeful bottom at 145p and a bounce.
In fact, if a bounce is scheduled, it shall ideally occur before this secondary, with anything exceeding 177p deserving being taken very seriously.
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We strongly distrust efforts to spread fear in the market place, suspecting the converse may prove true for the future.
In the case of LMP, above 177p should allegedly enter a price movement cycle to an initial 211p with our secondary, if exceeded, calculating at a useful future 231p, along with an urgent need for us to revisit our calculations.
Our suspicion is that this share intends to break the effective flatline since 2022, perhaps making an upward surge.
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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