Some Trainline Share Price thoughts

#CAC40 #SP500 Like everyone, we’re keeping a weather eye on shares which should recover, once pandemic damage recedes. Obviously, aviation, holidays, and public travel must be thought of as useful potentials and it’d be true to say many are showing early signs of ‘something’, hopefully  recovering from a bottom but miles away from their pre-pandemic level. Trainline, on the other hand’ still appear to be researching where the price shall actually stop travelling down!

The company low in the pandemic party month of March 2020 (ask Boris), was a closing price of 202p. Currently around 223p, the share is at its lowest since the initial pandemic crash. This inability to find a bottom is obviously an issue, perhaps a reflection of diminished numbers of commuters, perhaps a reflection of the UK’s predatory train ticket pricing. A glance at Google News failed to uncover any immediately obvious reasons for the share price decline, so perhaps this shall be worth some deeper research from anyone trying to buy a “cheap” share.

 

The share price is currently at a level where it “might” bounce but we’re not entirely sold on the idea. Instead, there’s a reasonable chance near term movement below 214p may reach 199p and hopefully, this drop ambition shall prove sufficient to declare itself as a bottom. The big picture is rather less comfortable thanks to a seriously unpleasant detail. When the price broke below Red on the chart, it entered an Big Picture arena where we can calculate an ultimate bottom of -34p. Obviously such a number is impossible but unfortunately, its existence tends give our software hysterics as recovery from near term drop targets will often prove less than enthusiastic.

Our inclination is to simply hope 199p provides a buffer opportunity for The Trainline as weakness below calculates with an initial 164p with secondary 113p, a level from which it almost must rebound. For this reason alone, it’s perhaps worth keeping an eye on.

Presently, Trainline requires exceed Blue (273 at time of writing) before any recovery dare be taken seriously. A movement such as this takes the price into an area where an initial 311p is expected with secondary, if bettered, a longer term visit to 344p and some pretty confident looking hesitation.

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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
10:06:58PM BRENT 87.05
10:09:04PM GOLD 1847.67 ‘cess
10:11:27PM FTSE 7361.35
10:25:44PM FRANCE 6909.9 6775 6748 6694 6863 6910 6948 7006 6850 ‘cess
10:28:43PM GERMANY 15038.64
10:30:27PM US500 4315 4282 4248 4194 4357 4408 4448 4504 4337
10:34:25PM DOW 34079 Shambles
10:36:38PM NASDAQ 13962 Success
10:41:25PM JAPAN 27147
25/01/2022 FTSE Closed at 7371 points. Change of 1.01%. Total value traded through LSE was: £ 6,691,379,675 a change of -33.53%
24/01/2022 FTSE Closed at 7297 points. Change of -2.63%. Total value traded through LSE was: £ 10,066,916,711 a change of 27.66%
21/01/2022 FTSE Closed at 7494 points. Change of -1.2%. Total value traded through LSE was: £ 7,885,774,103 a change of 20.92%
20/01/2022 FTSE Closed at 7585 points. Change of -0.05%. Total value traded through LSE was: £ 6,521,628,941 a change of -25.14%
19/01/2022 FTSE Closed at 7589 points. Change of 0.34%. Total value traded through LSE was: £ 8,711,225,225 a change of 13.49%
18/01/2022 FTSE Closed at 7563 points. Change of -0.63%. Total value traded through LSE was: £ 7,675,745,106 a change of 32.82%
17/01/2022 FTSE Closed at 7611 points. Change of 0.91%. Total value traded through LSE was: £ 5,779,249,970 a change of -10.18%

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:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:DARK Darktrace Plc** **LSE:EXPN Experian** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:OPG OPG Power Ventures** **LSE:QFI Quadrise** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : BALFOUR BEATTY, Barrett Devs, Darktrace Plc, Experian, IQE, ITM Power, OPG Power Ventures, Quadrise, Spirax, Taylor Wimpey,

LSE:BBY BALFOUR BEATTY Close Mid-Price: 253.2 Percentage Change: -0.16% Day High: 259 Day Low: 249.2

If BALFOUR BEATTY experiences continued weakness below 249.2, it will inv ……..

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View Previous BALFOUR BEATTY & Big Picture ***

LSE:BDEV Barrett Devs Close Mid-Price: 604.2 Percentage Change: -1.66% Day High: 626.2 Day Low: 595.4

Target met. Weakness on Barrett Devs below 595.4 will invariably lead to ……..

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</p

View Previous Barrett Devs & Big Picture ***

LSE:DARK Darktrace Plc Close Mid-Price: 352.4 Percentage Change: -2.65% Day High: 376.4 Day Low: 352.2

Continued weakness against DARK taking the price below 352.2 calculates a ……..

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</p

View Previous Darktrace Plc & Big Picture ***

LSE:EXPN Experian Close Mid-Price: 2926 Percentage Change: -0.78% Day High: 2986 Day Low: 2901

Target met. In the event Experian experiences weakness below 2901 it calc ……..

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</p

View Previous Experian & Big Picture ***

LSE:IQE IQE. Close Mid-Price: 31.65 Percentage Change: + 8.21% Day High: 31.95 Day Low: 29.25

Further movement against IQE ABOVE 31.95 should improve acceleration towa ……..

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View Previous IQE & Big Picture ***

LSE:ITM ITM Power Close Mid-Price: 255 Percentage Change: -6.11% Day High: 282.2 Day Low: 250

Weakness on ITM Power below 250 will invariably lead to 241 with secondar ……..

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View Previous ITM Power & Big Picture ***

LSE:OPG OPG Power Ventures. Close Mid-Price: 10.55 Percentage Change: + 0.48% Day High: 11 Day Low: 10.5

Continued weakness against OPG taking the price below 10.5 calculates as ……..

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</p

View Previous OPG Power Ventures & Big Picture ***

LSE:QFI Quadrise. Close Mid-Price: 2.15 Percentage Change: + 4.88% Day High: 2.1 Day Low: 2.01

In the event Quadrise experiences weakness below 2.01 it calculates with ……..

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View Previous Quadrise & Big Picture ***

LSE:SPX Spirax. Close Mid-Price: 12700 Percentage Change: + 0.08% Day High: 12815 Day Low: 12110

Weakness on Spirax below 12110 will invariably lead to 11972 with seconda ……..

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</p

View Previous Spirax & Big Picture ***

LSE:TW. Taylor Wimpey Close Mid-Price: 144.9 Percentage Change: -1.46% Day High: 150.15 Day Low: 143.15

Continued weakness against TW. taking the price below 143.15 calculates a ……..

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</p

View Previous Taylor Wimpey & Big Picture ***

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

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