#DAX #BrentFutures When we gave careful consideration to the future of Lloyds three weeks ago, we truly didn’t anticipate nothing happening. Alas, the share has enjoying playing around within a 3p trading range. It was at 45.9 when we wrote our analysis and, at time of writing, it’s at 46.23p. Surely the share price shall eventually make some sort of decision about its future?
After all, the company recently dusted down a shiny new CEO, a bloke called Mr Charlie Nunn and he’s expected to turn the dial up to 11 when he stops playing with the levers on his new seat behind the doubtless big desk in his office. From reading his historical background, things look fairly encouraging, once one chooses to ignore his boast of being a keen cyclist… By all means, ride a bike but folk who broadcast the feat risk being tainted with a faint whiff of the fanatic.
For the banking sector, a return to banks being allowed to set their own dividends without constraint, the body pleading for an easing of capital restraints, business now returning to the new normal, along with some (slight) optimism for the future, perhaps we’re due a change in the share price fortunes. Of course, we remain with a slight worry as mentioned previously, thanks to the share giving early warning of a plunge potential to 32p.
Our worry of a dramatic reversal remain, the intervening three weeks doing absolutely nothing to reduce our fears. In fact, the mantra of “if it ain’t going up, it’s going down!” may apply, thanks to ongoing lethargic movement. At odds with our doom and gloom, the Banking Sector Index, helpfully renamed as the NMX301010 (for reasons we just don’t get) is showing early signs of a growth cycle to 3625 points, challenging the market high pre-Covid. All it needs do is exceed 2945 points to confirm our calculations as this should kick things off. At present, this index is trading at 2900 points, requiring little work improve its future potentials.
However, we shall opt to remain in “misery mode”. With Lloyds trading at 46.2p currently, the price now only needs slither below 43.3p to indicate trauma ahead as this now calculates with an initial target of 39p. If broken, our secondary and bounce level with strong potential still works out at 32p.
Conversely, to indicate happier days ahead, the share price need only exceed 48.3p as this should allegedly trigger recovery toward an initial 50p with secondary, if bettered, a significant 53.75p. We regard this as deserving of “significant”, due to such a target exceeding the previous high, giving a strong potential for happier times in the longer term future.
For now, we fear it intends 32p and is just awaiting the right excuse for a plunge. Hopefully the new boss doesn’t have a dodgy hydraulic canister in his new chair.
Trends and Targets. Past performance is not a reliable indicator of future results.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:50:37PM | BRENT | 69.96 | 69.8 | 69.45 | 68.7 | 70.74 | 71.38 | 71.835 | 72.52 | 70.2 | Success |
| 9:52:59PM | GOLD | 1779.78 | Success | ||||||||
| 9:56:08PM | FTSE | 7214 | |||||||||
| 9:58:02PM | FRANCE | 6896.2 | Success | ||||||||
| 10:01:06PM | GERMANY | 15986.99 | 15927 | 15913 | 15874 | 15988 | 16030 | 16179.5 | 16342 | 15815 | |
| 7:16:58PM | US500 | 4468.77 | |||||||||
| 7:18:50PM | DOW | 35522.2 | ‘cess | ||||||||
| 7:22:44PM | NASDAQ | 15135 | ‘cess | ||||||||
| 7:26:13PM | JAPAN | 27847 | ‘cess |
13/08/2021 FTSE Closed at 7218 points. Change of 0.35%. Total value traded through LSE was: £ 3,978,009,773 a change of -26.52%
12/08/2021 FTSE Closed at 7193 points. Change of -0.37%. Total value traded through LSE was: £ 5,413,411,006 a change of 4.45%
11/08/2021 FTSE Closed at 7220 points. Change of 0.96%. Total value traded through LSE was: £ 5,182,803,131 a change of -6.82%
10/08/2021 FTSE Closed at 7151 points. Change of 0.27%. Total value traded through LSE was: £ 5,561,861,537 a change of 12.31%
9/08/2021 FTSE Closed at 7132 points. Change of 0.14%. Total value traded through LSE was: £ 4,952,268,424 a change of -14.01%
6/08/2021 FTSE Closed at 7122 points. Change of 0.03%. Total value traded through LSE was: £ 5,759,335,075 a change of 3.28%
5/08/2021 FTSE Closed at 7120 points. Change of -0.04%. Total value traded through LSE was: £ 5,576,456,686 a change of -7.06%
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:AV. Aviva** **LSE:CEG Challenger Energy (aka Bahamas Pet)** **LSE:DGE Diageo** **LSE:IPF International Personal Finance** **LSE:PHP Primary Health** **LSE:POG Petrop etc** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Aviva, Challenger Energy (aka Bahamas Pet), Diageo, International Personal Finance, Primary Health, Petrop etc, Spirax, Zoo Digital,
LSE:AV. Aviva. Close Mid-Price: 426.2 Percentage Change: + 1.26% Day High: 429.5 Day Low: 421.2
Continued trades against AV. with a mid-price ABOVE 429.5 should improve ……..
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View Previous Aviva & Big Picture ***
LSE:CEG Challenger Energy (aka Bahamas Pet) Close Mid-Price: 1.74 Percentage Change: -5.95% Day High: 1.85 Day Low: 1.73
Weakness on Challenger Energy (aka Bahamas Pet) below 1.73 will invariabl ……..
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View Previous Challenger Energy (aka Bahamas Pet) & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 3635.5 Percentage Change: + 0.65% Day High: 3641 Day Low: 3611.5
All Diageo needs are mid-price trades ABOVE 3641 to improve acceleration ……..
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View Previous Diageo & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 155 Percentage Change: + 1.97% Day High: 158 Day Low: 153.6
Target met. Continued trades against IPF with a mid-price ABOVE 158 shoul ……..
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View Previous International Personal Finance & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 167.2 Percentage Change: + 1.15% Day High: 168 Day Low: 164.2
Continued trades against PHP with a mid-price ABOVE 168 should improve th ……..
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View Previous Primary Health & Big Picture ***
LSE:POG Petrop etc Close Mid-Price: 19.09 Percentage Change: -1.04% Day High: 19.42 Day Low: 18.02
Target met. Continued weakness against POG taking the price below 18.02 c ……..
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View Previous Petrop etc & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 15780 Percentage Change: + 0.70% Day High: 15920 Day Low: 15655
Further movement against Spirax ABOVE 15920 should improve acceleration t ……..
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View Previous Spirax & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 150 Percentage Change: + 0.00% Day High: 153 Day Low: 149.5
All Zoo Digital needs are mid-price trades ABOVE 153 to improve accelerat ……..
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View Previous Zoo Digital & Big Picture ***