Will Natwest Group Roll Away the Stone?

#FTSE #GOLD It seems apt to cover Natwest in this, our final analysis before Easter. After all, the whole festival is dedicated to the concept of rising from the dead with the result a hard look at a UK retail bank makes some sense. It’s certainly the case, from our previous report, if a stone is indeed being wheeled away from impeding Natwest rise from the grave, the process is proving exquisitely slow despite the potential of resurrection being triggered!

 

When we last covered Natwest, we were fairly comfortable a nudge beyond 194p should produce share price recovery to 211p. Earlier this month on March 19th, the magical triggering move happened and in the intervening period, the highest achievement for Natwest has been a pretty lame 199p. Does this mean our previous scenario was wrong and should now be ignored?

We don’t think so, instead suspecting the lethargy infecting Natwest is another symptom of something greater which encompasses the FTSE itself. During late February and March, we’ve seen numerous shares move upward, in the process triggering levels which should produce entry to useful gain cycles. Across Europe, similar trigger levels being exceeded have all tended produce significant price movements, just not for shares in the UK market. Those who ‘play’ the FTSE will be painfully aware of the index’ malaise for the last few months and unfortunately, one of our trite sayings “If it ain’t going up, it’s going down!” looks threatening. Currently, the French market (CAC40) is playing what seems like a similar game to the FTSE but there is an important difference. The CAC40 is hesitating while the index challenges the pre-Covid market high, whereas the FTSE is catatonic nearly 1,000 points below such a level.

It’s not a pretty sight but we’re mildly optimistic for the future.

Should the FTSE stagger above 6,900 points, many shares which are presently lethargic have the potential to burst into life as they emerge from their caves.

 

The scenario for Natwest can now be moderated to read; above 199p now calculates as capable of 215p with secondary, if exceeded, calculating at 256p. These numbers represent a very modest change to our previous thoughts as our price targets are calculated according to price movements. It’s complicated but expectations can evolve. While it’s still the case some hesitation is suspected around the 250p level (if only due to the historical visuals), there is a longer term facet in this scenario which presents a distant 365p as an attraction for the infinitely patient, or at least those patient enough to stay alive that long!

 

Natwest needs devalue below 165p to cause trouble, allowing weakness down to 142p.

Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:51:56PM BRENT 62.98 62.47 61.65 63.7 64.8 65.605 63.75 ‘cess
9:54:23PM GOLD 1708.62 1681 1674.5 1690 1716 1721.5 1704 Success
10:06:46PM FTSE 6731 6711 6704 6741 6748 6763.5 6716
10:09:44PM FRANCE 6066 6057 6047 6085 6088 6097.5 6060 Shambles
10:11:46PM GERMANY 15017 14952 14931 15024 15051 15076.5 14983 ‘cess
10:13:47PM US500 3975.77 3951 3939.5 3971 3990 4000 3972 Success
10:19:13PM DOW 33035 32991 32949.5 33071 33170 33204.5 33066
10:20:48PM NASDAQ 13101 12880 12847.5 12955 13170 13219.5 13031
10:23:02PM JAPAN 29332 29122 28961.5 29302 29420 29516 29265 ‘cess

31/03/2021 FTSE Closed at 6713 points. Change of -0.87%. Total value traded through LSE was: £ 6,810,341,283 a change of 35.19%
30/03/2021 FTSE Closed at 6772 points. Change of 0.53%. Total value traded through LSE was: £ 5,037,784,451 a change of -0.62%
29/03/2021 FTSE Closed at 6736 points. Change of -0.06%. Total value traded through LSE was: £ 5,069,344,780 a change of -13.54%
26/03/2021 FTSE Closed at 6740 points. Change of 0.99%. Total value traded through LSE was: £ 5,863,243,404 a change of -5.15%
25/03/2021 FTSE Closed at 6674 points. Change of -0.57%. Total value traded through LSE was: £ 6,181,901,218 a change of 0.02%
24/03/2021 FTSE Closed at 6712 points. Change of 0.19%. Total value traded through LSE was: £ 6,180,734,714 a change of -2.58%
23/03/2021 FTSE Closed at 6699 points. Change of -0.4%. Total value traded through LSE was: £ 6,344,120,262 a change of 9.46%

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:BLOE Block Energy PLC** **LSE:BT.A British Telecom** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:IGG IG Group** **LSE:MRW Morrisons** **LSE:NWG Natwest** **LSE:ODX Omega Diags** **LSE:PMG Parkmead** **LSE:POG Petrop etc** **LSE:VOG VICTORIA** **

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Updated charts published on : Block Energy PLC, British Telecom, 4D Pharma, Experian, IG Group, Morrisons, Natwest, Omega Diags, Parkmead, Petrop etc, VICTORIA,

LSE:BLOE Block Energy PLC Close Mid-Price: 2.5 Percentage Change: -5.66% Day High: 2.6 Day Low: 2.3

If Block Energy PLC experiences continued weakness below 2.3, it will inv ……..

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LSE:BT.ALSE:BT.A British Telecom. Close Mid-Price: 154.8 Percentage Change: + 0.72% Day High: 157.7 Day Low: 154.5

Target met. Continued trades against BT.A with a mid-price ABOVE 157.7 sh ……..

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LSE:DDDDLSE:DDDD 4D Pharma. Close Mid-Price: 112.5 Percentage Change: + 2.74% Day High: 115 Day Low: 102

If 4D Pharma experiences continued weakness below 102, it will invariably ……..

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View Previous 4D Pharma & Big Picture ***

LSE:EXPN Experian Close Mid-Price: 2497 Percentage Change: -0.52% Day High: 2520 Day Low: 2489

This is almost getting interesting as above 2530 should be capable of 2656 ……..

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LSE:IGGLSE:IGG IG Group. Close Mid-Price: 901 Percentage Change: + 1.58% Day High: 907.5 Day Low: 885

In the event of IG Group enjoying further trades beyond 907.5, the share ……..

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LSE:MRWLSE:MRW Morrisons. Close Mid-Price: 182.45 Percentage Change: + 0.22% Day High: 184 Day Low: 180.8

All Morrisons needs are mid-price trades ABOVE 184 to improve acceleratio ……..

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LSE:NWG Natwest Close Mid-Price: 196.25 Percentage Change: -0.53% Day High: 199.35 Day Low: 195.7

Continued trades against NWG with a mid-price ABOVE 199.35 should improve ……..

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LSE:ODX Omega Diags Close Mid-Price: 80.5 Percentage Change: -1.23% Day High: 82 Day Low: 77.5

If Omega Diags experiences continued weakness below 77.5, it will invaria ……..

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View Previous Omega Diags & Big Picture ***

LSE:PMGLSE:PMG Parkmead. Close Mid-Price: 37.5 Percentage Change: + 5.93% Day High: 39 Day Low: 36.9

In the event of Parkmead enjoying further trades beyond 39, the share sho ……..

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LSE:POG Petrop etc Close Mid-Price: 23.85 Percentage Change: -1.04% Day High: 24.2 Day Low: 22.8

In the event Petrop etc experiences weakness below 22.8 it calculates wit ……..

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LSE:VOG VICTORIA Close Mid-Price: 3.9 Percentage Change: -8.24% Day High: 4.25 Day Low: 3.75

If VICTORIA experiences continued weakness below 3.75, it will invariably ……..

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View Previous VICTORIA & Big Picture ***

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

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