Diversified Energy Company Plc (LSE:DEC) ready to bounce???

#Brent #Gold It’s always a bit of a puzzle, when the media suddenly switches to “Analysts rate XYZ as a buy”, generally at a point where a share price can be in a bigger nosedive than UK politics.  When we reviewed DEC.L at the start of this year, we laid out criteria which would force us to re-evaluate the shares potentials and now, not only has it made it down to 940p but worse, emphatically closed below such a point.

With the share price spending the most recent 5 sessions waving a surrender flag, we’re certainly curious at the number of buy recommendations as visually, the only things visually capable of arresting the current price drop are the two trend lines on the chart below. Maybe the Blue line shall afford a halt to the drop, maybe it shall be the Red line. Or maybe neither will feature in traders thoughts and the share shall continue exploring the depths of misery/

At present, below  824 looks like it shall prove nasty. potentially able to trigger reversal to 746 next with our secondary, if broken, at 519p. We would certainly hope for a bounce before 519p makes an appearance, due to price movements below such a level having terrible implications.

 

On a brighter note, the visuals suggest it may be more likely to anticipate a bounce anytime soon, perhaps with an inevitable spike down to 824p before it actually happens. This is a fairly typical playbook event, the chart almost writing a clickbait headline telling folk to expect it. It is certainly the case movement above 960p would be regarded as the first tentative step toward recovery, suggesting a cycle toward 1253p with secondary, if beaten, at 1352p and once again, an urgent need for us to revisit our calculations!

 

 

FUTURES


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:13:49PM BRENT 31904 7000 6967 6923 7039 7100 7184 7293 7067 ‘cess
10:17:00PM GOLD 2934.54 2906 2896 2881 2926 2941 2949 2972 2916 ‘cess
10:20:59PM FTSE 8540.4
10:23:09PM STOX50 5358.7
10:25:55PM GERMANY 22674.3 ‘cess
10:28:26PM US500 5604.7 ‘cess
10:48:00PM DOW 41379 Shambles
10:50:42PM NASDAQ 19600.1
10:54:28PM JAPAN 37082 ‘cess

 

12/03/2025 FTSE Closed at 8540 points. Change of 0.52%. Total value traded through LSE was: £ 7,005,575,880 a change of -4.97%
11/03/2025 FTSE Closed at 8496 points. Change of -1.21%. Total value traded through LSE was: £ 7,372,262,809 a change of -3.66%
10/03/2025 FTSE Closed at 8600 points. Change of -0.91%. Total value traded through LSE was: £ 7,652,125,992 a change of 21.38%
7/03/2025 FTSE Closed at 8679 points. Change of -0.03%. Total value traded through LSE was: £ 6,304,463,649 a change of -17.82%
6/03/2025 FTSE Closed at 8682 points. Change of -0.83%. Total value traded through LSE was: £ 7,671,130,291 a change of 6.49%
5/03/2025 FTSE Closed at 8755 points. Change of -0.05%. Total value traded through LSE was: £ 7,203,655,204 a change of -19.84%
4/03/2025 FTSE Closed at 8759 points. Change of -1.26%. Total value traded through LSE was: £ 8,986,196,002 a change of 22.76%

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:ASC Asos** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:FRES Fresnillo** **LSE:IHG Intercontinental Hotels Group** **LSE:OCDO Ocado Plc** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Asos, Diageo, ECO (Atlantic) O & G, Fresnillo, Intercontinental Hotels Group, Ocado Plc, Zoo Digital,


LSE:ASC Asos Close Mid-Price: 261.2 Percentage Change: -2.97% Day High: 281.2 Day Low: 259.2

Continued weakness against ASC taking the price below 259.2 calculates as ……..

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LSE:DGE Diageo Close Mid-Price: 2087 Percentage Change: -1.74% Day High: 2158.5 Day Low: 2087

If Diageo experiences continued weakness below 2087, it will invariably l ……..

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LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 7.95 Percentage Change: -12.15% Day High: 8.9 Day Low: 7.65

Target met. In the event ECO (Atlantic) O & G experiences weakness below ……..

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LSE:FRES Fresnillo. Close Mid-Price: 894.5 Percentage Change: + 4.74% Day High: 890.5 Day Low: 852

Further movement against Fresnillo ABOVE 890.5 should improve acceleratio ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 8686 Percentage Change: -0.78% Day High: 8828 Day Low: 8628

In the event Intercontinental Hotels Group experiences weakness below 862 ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 230.3 Percentage Change: -4.04% Day High: 240 Day Low: 222.1

If Ocado Plc experiences continued weakness below 222.1, it will invariab ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 10.25 Percentage Change: -4.21% Day High: 10.5 Day Low: 9.75

Weakness on Zoo Digital below 9.75 will invariably lead to 8.5p with seco ……..

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

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