#FTSE #WallSt Rolls Royce share price movements are surprisingly boring, despite the company being discussed repeatedly for their recovery potentials, assuming the pandemic ever finishes. Some aviation analysts suggest by 2023 we should see aircraft return to pre-pandemic flight levels, surely a good thing for the engine maker. Additional news of the company actively exploring locations for their a nuclear reactor factory again should be creating interest.
There’s certainly something quite attractive at the concept of nuclear submarine class of reactor becoming active. In fact, if the easy route was taken and a UK’s nuclear sub moored on The Thames outside Westminster, Boris could be the first world leader to have his own ‘party sub’. However, the company share price has remained pretty stable for the last couple of years, doubtless reflecting they don’t get paid for their engines unless the aircraft are actually flying.
Rolls Royce share price started last year at 112p, eventually reaching a high of 150 before retreated, currently trading around 117p. Visually it’s not a pretty picture and we are trying to identify a comfortable trigger level, above which the share will find it difficult to avoid growing.
At present, above 126.5p looks quite important, our software claiming moves above this point at being capable of provoking a cycle to an initial 136p with secondary, if bettered, a slightly more useful 147p. The picture on the chart is one of almost certain hesitation at the secondary target level, given it matches the highs of last year. Only with closure above 147p shall we dare express real optimism as such a movement would be a pretty confident nudge in the right direction, taking the share price above Blue on the chart, the downtrend since 2018, and ticking a pretty major box in a movement cycle toward an eventual 235p.
For now, the only major fly in the ointment comes from a price movement last week, one which saw the share price dip below Red on the chart to 111p. If this was an early warning of impending trouble, below 111p now calculates with the potential of reversal to an initial 99p with secondary, if broken, at 69p and hopefully a solid bouncy bottom.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:28:47PM | BRENT | 89.33 | Shambles | ||||||||
| 9:30:49PM | GOLD | 1801.31 | Success | ||||||||
| 9:32:41PM | FTSE | 7583.38 | 7482 | 7464 | 7424 | 7534 | 7584 | 7595 | 7656 | 7526 | ‘cess |
| 9:34:43PM | FRANCE | 7099.9 | ‘cess | ||||||||
| 9:36:58PM | GERMANY | 15722.71 | Success | ||||||||
| 9:38:50PM | US500 | 4563.12 | ‘cess | ||||||||
| 9:42:06PM | DOW | 35395.3 | 34961 | 34814 | 34602 | 35202 | 35432 | 35502 | 36055 | 35096 | ‘cess |
| 9:44:40PM | NASDAQ | 15146 | ‘cess | ||||||||
| 9:47:22PM | JAPAN | 27165 | Shambles |
1/02/2022 FTSE Closed at 7535 points. Change of 0.95%. Total value traded through LSE was: £ 6,012,900,236 a change of -1.21%
31/01/2022 FTSE Closed at 7464 points. Change of -0.03%. Total value traded through LSE was: £ 6,086,283,575 a change of -43.89%
28/01/2022 FTSE Closed at 7466 points. Change of -1.16%. Total value traded through LSE was: £ 10,846,360,111 a change of 33.05%
27/01/2022 FTSE Closed at 7554 points. Change of 1.14%. Total value traded through LSE was: £ 8,151,826,198 a change of 20.71%
26/01/2022 FTSE Closed at 7469 points. Change of 1.33%. Total value traded through LSE was: £ 6,753,491,510 a change of 0.93%
25/01/2022 FTSE Closed at 7371 points. Change of 1.01%. Total value traded through LSE was: £ 6,691,379,675 a change of -33.53%
24/01/2022 FTSE Closed at 7297 points. Change of -2.63%. Total value traded through LSE was: £ 10,066,916,711 a change of 27.66%
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ECO ECO (Atlantic) O & G** **LSE:IQE IQE** **LSE:PHP Primary Health** **LSE:QFI Quadrise** **LSE:TRN The Trainline** **
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Updated charts published on : Aston Martin, ECO (Atlantic) O & G, IQE, Primary Health, Quadrise, The Trainline,
LSE:AML Aston Martin Close Mid-Price: 1186 Percentage Change: -0.21% Day High: 1227 Day Low: 1177.5
In the event of Aston Martin enjoying further trades beyond 1227, the sha ……..
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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 27.75 Percentage Change: + 4.72% Day High: 28.25 Day Low: 26.9
In the event of ECO (Atlantic) O & G enjoying further trades beyond 28.25 ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 33.05 Percentage Change: + 3.93% Day High: 33.6 Day Low: 32
Continued trades against IQE with a mid-price ABOVE 33.6 should improve t ……..
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View Previous IQE & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 141.8 Percentage Change: -1.32% Day High: 144.9 Day Low: 140.3
Weakness on Primary Health below 140.3 will invariably lead to 137 with s ……..
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View Previous Primary Health & Big Picture ***
LSE:QFI Quadrise Close Mid-Price: 2.01 Percentage Change: -6.73% Day High: 2.1 Day Low: 2
Continued weakness against QFI taking the price below 2 calculates as lea ……..
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View Previous Quadrise & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 233.4 Percentage Change: + 4.20% Day High: 234.4 Day Low: 224.6
Target met. Continued trades against TRN with a mid-price ABOVE 235 shoul ……..
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View Previous The Trainline & Big Picture ***