Natwest Group (LSE:NWG) a share glued down.

#Gold #DOW  In the weeks when we previously reviewed Natwest, their share price has effectively done nothing! To be helpful, we provided a level below which the price needed drop to cancel all our price growth calculations and it was at 214p. In a manner entirely befitting the Clown Sector for Retail Banks, we thus managed to define the lowest it would fall during the run up to Xmas and beyond. At least this tends “prove” we’re looking at the correct set of circumstances, hopefully creating a scenario where our recovery trigger shall work out accurately and profitably.

 

We’ve previously written about dishwashers being our kitchen nemesis. The current Hotpoint one decided to celebrate 2024 by not going on fire, flooding the kitchen, making strange noises, and thankfully not attempting to do a spin cycle. Instead, it just stopped working, meaning I shall need go through a ritual series of tests before heading over to the mainland to buy another one. Thankfully, this unit has given us three years of trouble free service, something of a record given all our previous machines track record. Perhaps it shall be the case, a New Year and a New Dishwasher will be all that’s required to clean up our outlook for the markets, something which is a little worrisome at present.

 

Returning to Natwest Group, our previous review on 11th December suggested this share price needs exceed 228p to ideally make a trigger movement. The lack of share price activity doesn’t require this number being refined, though we can hint that above 225p should provide early warning for potential movement. We can calculate above 225 should point at an initial 229p, recovering the price above Red on the chart and visually producing the type of picture which for anything other than a retail bank would suggest happy days ahead. Our longer term secondary above 229p now calculates at 251p. It’s certainly curious the extent to which Natwest is respecting prior trends.

In the event the bank which likes to say “Gotcha, Suckers” decides to join our dishwasher and go over to the dark side, below 214p now looks to have the potential of reversal to an initial 204p with our longer term secondary, if broken, working out at 188p and hopefully a rebound.

 

Finally, our best wishes for the New Year.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:45:14PM	BRENT	7837.5								7756
10:23:22PM	GOLD	2040.76	2030	2017	2005	2042	2049	2054	2062	2035
10:35:19PM	FTSE	7693.5								7688
10:49:46PM	STOX50	4449								4455
10:55:40PM	GERMANY	16529.3								16580
10:57:58PM	US500	4706.2								4705
11:00:04PM	DOW	37449.4	37400	37352	37263	37523	37641	37706	37808	37468
11:03:39PM	NASDAQ	16390								16467
11:11:36PM	JAPAN	33083								33251

 

3/01/2024 FTSE Closed at 7682 points. Change of -0.52%. Total value traded through LSE was: £ 4,597,057,566 a change of 72.6%

28/12/2023 FTSE Closed at 7722 points. Change of -0.03%. Total value traded through LSE was: £ 2,663,363,582 a change of -25.61%

27/12/2023 FTSE Closed at 7724 points. Change of -100%. Total value traded through LSE was: £ 3,580,231,157 a change of 0%

22/12/2023 FTSE Closed at 7697 points. Change of 0%. Total value traded through LSE was: £ 2,239,365,244 a change of 0%

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:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:FOXT Foxtons** **LSE:MKS Marks and Spencer** **LSE:TSCO Tesco** **

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Updated charts published on : Astrazeneca, Barclays, Foxtons, Marks and Spencer, Tesco,

LSE:AZN Astrazeneca Close Mid-Price: 10740 Percentage Change: -0.44% Day High: 10810 Day Low: 10626

Further movement against Astrazeneca ABOVE 10810 should improve accelerat ……..

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LSE:BARC Barclays Close Mid-Price: 153.12 Percentage Change: -1.39% Day High: 156.4 Day Low: 152.16

Further movement against Barclays ABOVE 156.4 should improve acceleration ……..

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LSE:FOXT Foxtons. Close Mid-Price: 52.1 Percentage Change: + 11.09% Day High: 53 Day Low: 48

Target met. All Foxtons needs are mid-price trades ABOVE 53 to improve ac ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 282.5 Percentage Change: + 2.36% Day High: 282.4 Day Low: 275.3

Target met. In the event of Marks and Spencer enjoying further trades bey ……..

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LSE:TSCO Tesco. Close Mid-Price: 297.8 Percentage Change: + 1.60% Day High: 298.4 Day Low: 293.6

Target met. Further movement against Tesco ABOVE 298.4 should improve acc ……..

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*** End of “Updated Today” comments on shares.