Crest Nicholson Plc, building a future?

#Gold #Nasdaq An email flooded in, complaining we cover Lloyds too often, even using the word “obsessed…” It’s probably true to say UK retail banks deserve less coverage that we give, thanks to their pitiful share price movements. However, clients prefer we maintain a close watch the the retail banks, after all, they must do something useful at some point? Mustn’t they?

Fairly recently, Bloomberg TV had a couple of segments, essentially promoting the UK banking sector as worth watching closely. The consensus was one we think everyone knows, the share prices are probably undervalued and the sector has failed to perform with similar flamboyance to similar markets in Europe and North America. A US Hedge Fund guy appeared confident he’d discovered a sleeping giant whereas another talking head asserted it’s all just a matter of time. We actually run daily analysis on each of the big three retail banks, constantly hoping to see a signal something is coming, and by producing a Big Picture report on each every three weeks, it forces us to re-evaluate the sector potentials.

However, when someone takes time to complain a report against Lloyds every three weeks is too often, should this be regarded as a suggestion investors are now completely fed up with the banks? If so, the wider implications for the stock market must justify pause for thought, if private traders have become jaded with what should be the core of the market, the Financial Sector.

 

Obviously, this has absolutely nothing to do with FTSE 250 member, Crest Nicholson, a 55 year old building company focussed in the south of England. According to their website and a quick trawl of Google news, the company build a surprising range of properties of varied size, also collaborating with housing associations, financial institutions, and Homes England.

Their share price has experienced considerable, understandable, trauma since the pandemic crash last year and has not yet recovered to the pre-pandemic highs above 500p. The good news, despite recent lethargic behaviour, there are early signs some gains should be coming soon. Presently trading around 423p, we’d hope movement above just 431p should trigger recovery toward an initial 455p. As the chart shows, this should challenge the Blue downtrend of the last 5 years, hopefully creating a scenario for longer term fireworks.

Closure above 455p will doubtless be crucial, expecting a gain thereafter toward 499p. In the event 499p is exceeded, we calculate a cycle should commence toward a longer term 640p. Visually, given prior highs back in 2017, we’d anticipate some hesitation, should such a level make an appearance.

Hey, chart goes here

Trends and Targets. Past performance is not a reliable indicator of future results.

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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
10:20:25PM BRENT 71.94
10:22:17PM GOLD 1823.81 1819 1814.5 1808 1828 1830 1833 1837 1821
10:25:03PM FTSE 7186.29 ‘cess
10:28:41PM FRANCE 6746 Success
10:36:53PM GERMANY 15935 Success
10:38:47PM US500 4547
10:40:48PM DOW 35437
10:42:55PM NASDAQ 15702 15644 15630 15604 15680 15708 15743 15807 15642 ‘cess
10:49:56PM JAPAN 30085 Success

 

 

6/09/2021 FTSE Closed at 7187 points. Change of 0.69%. Total value traded through LSE was: £ 3,272,196,059 a change of -29.07%
3/09/2021 FTSE Closed at 7138 points. Change of -0.35%. Total value traded through LSE was: £ 4,613,097,281 a change of 1%
2/09/2021 FTSE Closed at 7163 points. Change of 0.2%. Total value traded through LSE was: £ 4,567,320,494 a change of -8.51%
1/09/2021 FTSE Closed at 7149 points. Change of 0.42%. Total value traded through LSE was: £ 4,992,272,040 a change of -31.13%
31/08/2021 FTSE Closed at 7119 points. Change of -0.41%. Total value traded through LSE was: £ 7,249,282,364 a change of 72.14%
27/08/2021 FTSE Closed at 7148 points. Change of 0.34%. Total value traded through LSE was: £ 4,211,324,881 a change of 13.85%
26/08/2021 FTSE Closed at 7124 points. Change of -100%. Total value traded through LSE was: £ 3,698,877,507 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:ASC Asos** **LSE:AVCT Avacta** **LSE:EXPN Experian** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:ITM ITM Power** **LSE:RKH Rockhopper** **

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Updated charts published on : Asos, Avacta, Experian, Firstgroup, Fresnillo, Gulf Keystone, ITM Power, Rockhopper,

LSE:ASC Asos Close Mid-Price: 3490 Percentage Change: -0.14% Day High: 3583 Day Low: 3489

Weakness on Asos below 3489 will invariably lead to 3350 with secondary ( ……..

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View Previous Asos & Big Picture ***

LSE:AVCT Avacta. Close Mid-Price: 140.5 Percentage Change: + 2.93% Day High: 145 Day Low: 135.5

All Avacta needs are mid-price trades ABOVE 145 to improve acceleration t ……..

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LSE:EXPN Experian. Close Mid-Price: 3313 Percentage Change: + 2.03% Day High: 3319 Day Low: 3254

Target met. In the event of Experian enjoying further trades beyond 3319, ……..

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LSE:FGP Firstgroup. Close Mid-Price: 90 Percentage Change: + 1.12% Day High: 95 Day Low: 88.35

Continued trades against FGP with a mid-price ABOVE 95 should improve the ……..

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View Previous Firstgroup & Big Picture ***

LSE:FRES Fresnillo Close Mid-Price: 858 Percentage Change: -0.51% Day High: 870.8 Day Low: 850

Further movement against Fresnillo ABOVE 870.8 should improve acceleratio ……..

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View Previous Fresnillo & Big Picture ***

LSE:GKP Gulf Keystone. Close Mid-Price: 188 Percentage Change: + 2.51% Day High: 193.8 Day Low: 183.2

Target met. In the event of Gulf Keystone enjoying further trades beyond ……..

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View Previous Gulf Keystone & Big Picture ***

LSE:ITM ITM Power. Close Mid-Price: 520 Percentage Change: + 3.17% Day High: 528 Day Low: 497

Target met. Continued trades against ITM with a mid-price ABOVE 528 shoul ……..

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View Previous ITM Power & Big Picture ***

LSE:RKH Rockhopper Close Mid-Price: 8.55 Percentage Change: -1.72% Day High: 8.8 Day Low: 8.41

If Rockhopper experiences continued weakness below 8.41, it will invariab ……..

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View Previous Rockhopper & Big Picture ***

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

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