Natwest, as boring as F1 from Miami!

#Brent #Dax

Natwest share price looks more interesting than the Miami Grand Prix. Unfortunately, this isn’t entirely a complement, the race proving pretty uninteresting despite Max Verstappen looking like he’s heading for his 1st real world championship, if he can only finish races. Three weeks ago, when we reviewed Natwest, we warned of the dangers should the share price break below 206p, something it failed to do. We also mentioned an early sign of hope, if the share price would only exceed 226p. With breathless excitement, one day it closed at 226.4p, then, like Miami Formula 1, nothing much happened since.

 

We’re now a little nervous as to what the future holds for Natwest. In reality, it made an upward trigger yet failed to respond. Everything is now being blamed on the popular holiday destination, Ukraine. Surely, this hotspot for politicians, politicians wives, musicians giving performances, is supposed to be the centre of a war zone? But the US presidents wife visited to photo opportunities at the weekend, while over-rated musicians U2 gave a concert. It all appears quite strange, a world away from how the media treated the Gulf War or even events in Afganistan. Perhaps TUI travel intend offering all-inclusive weekends in Ukraine sometime soon!

Perhaps this is what Natwest are doing wrong, failing to announce new branches in the war torn country. Then again, there was a period at the start of WW2 which became known as ‘the phoney war’ for the UK. The weather apparently co-operated, allowing the population to spend rather a lot of time at the beach until suddenly, everything changed.

 

The situation remains slightly unchanged with Natwest, below 206 now suggesting the potential of reversal to an initial 194p and a challenge against the uptrend since 2020. If broken, our secondary is at 182p and a very possible bounce, given this matches the Russia/Ukraine low of March. Importantly though, closure below 192p risks proving quite traumatic from a bigger picture perspective, showing the potential of a further nose dive to 154p.

However, by just 0.4p, Natwest did manage above our trigger level, creating a situation where above 227p should now being miracle recovery to an initial 243p with secondary, if bettered, now calculating at 256p.

We suspect Natwest intends reversals.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
9:46:42PM BRENT 112.49 109.36 109.04 107.7 111.05 113.62 115.2 117.34 110.3
9:47:55PM GOLD 1883.58 1873
9:50:30PM FTSE 7402.6 7423
10:09:14PM FRANCE 6251.4 6250
10:10:36PM GERMANY 13662.32 13585 13531 13459 13672 13903 13933 14049 13721
10:12:19PM US500 4125.32 4114
10:14:21PM DOW 32910.9 32940
10:15:48PM NASDAQ 12694 12815
10:28:01PM JAPAN 26791 26887

 

6/05/2022 FTSE Closed at 7387 points. Change of -1.55%. Total value traded through LSE was: £ 7,100,975,536 a change of 2.72%
5/05/2022 FTSE Closed at 7503 points. Change of 0.13%. Total value traded through LSE was: £ 6,912,828,845 a change of 20.87%
4/05/2022 FTSE Closed at 7493 points. Change of -0.9%. Total value traded through LSE was: £ 5,719,365,474 a change of -24.49%
3/05/2022 FTSE Closed at 7561 points. Change of 0.23%. Total value traded through LSE was: £ 7,574,559,700 a change of 8.37%
29/04/2022 FTSE Closed at 7544 points. Change of 0.47%. Total value traded through LSE was: £ 6,989,742,428 a change of 18.72%
28/04/2022 FTSE Closed at 7509 points. Change of 1.13%. Total value traded through LSE was: £ 5,887,371,702 a change of -15.1%
27/04/2022 FTSE Closed at 7425 points. Change of 0.53%. Total value traded through LSE was: £ 6,934,236,931 a change of -7.56%

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:AFC AFC Energy** **LSE:AGM Applied Graphene** **LSE:ASC Asos** **LSE:AVCT Avacta** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CCL Carnival** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : AFC Energy, Applied Graphene, Asos, Avacta, BALFOUR BEATTY, Barrett Devs, BP PLC, Carclo, Carnival, 4D Pharma, Experian, EasyJet, Foxtons, Hikma, Hargreaves Lansdown, British Airways, IG Group, Intertek, ITV, Just Eat, Marks and Spencer, Ocado Plc, Rolls Royce, Taylor Wimpey,

LSE:AFC AFC Energy Close Mid-Price: 30.4 Percentage Change: -4.70% Day High: 32 Day Low: 30

Continued weakness against AFC taking the price below 30 calculates as le ……..

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LSE:AGM Applied Graphene Close Mid-Price: 18.5 Percentage Change: -2.63% Day High: 19.5 Day Low: 18

Continued weakness against AGM taking the price below 18 calculates as le ……..

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LSE:ASC Asos. Close Mid-Price: 1353 Percentage Change: + 0.45% Day High: 1368 Day Low: 1284

Weakness on Asos below 1284 will invariably lead to 1253 with secondary ( ……..

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LSE:AVCT Avacta Close Mid-Price: 106.5 Percentage Change: -3.18% Day High: 109.5 Day Low: 103.5

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 235 Percentage Change: -1.84% Day High: 239.6 Day Low: 232.8

In the event BALFOUR BEATTY experiences weakness below 232.8 it calculate ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 470.1 Percentage Change: -3.69% Day High: 488.5 Day Low: 469.2

Target met. If Barrett Devs experiences continued weakness below 469.2, i ……..

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LSE:BP. BP PLC. Close Mid-Price: 426.65 Percentage Change: + 1.85% Day High: 430.75 Day Low: 419.2

Continued trades against BP. with a mid-price ABOVE 430.75 should improve ……..

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LSE:CAR Carclo Close Mid-Price: 20.65 Percentage Change: -1.43% Day High: 20.6 Day Low: 20.1

Continued weakness against CAR taking the price below 20.1 calculates as ……..

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LSE:CCL Carnival Close Mid-Price: 1189 Percentage Change: -1.82% Day High: 1212 Day Low: 1143.5

Target met. If Carnival experiences continued weakness below 1143.5, it w ……..

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LSE:DDDD 4D Pharma. Close Mid-Price: 37.9 Percentage Change: + 0.40% Day High: 38.95 Day Low: 35.6

Continued weakness against DDDD taking the price below 35.6 calculates as ……..

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LSE:EXPN Experian Close Mid-Price: 2646 Percentage Change: -3.50% Day High: 2738 Day Low: 2641

In the event Experian experiences weakness below 2641 it calculates with ……..

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LSE:EZJ EasyJet Close Mid-Price: 510.4 Percentage Change: -1.43% Day High: 518.8 Day Low: 491

Continued weakness against EZJ taking the price below 491 calculates as l ……..

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LSE:FOXT Foxtons Close Mid-Price: 38.75 Percentage Change: -1.77% Day High: 40 Day Low: 37.45

If Foxtons experiences continued weakness below 37.45, it will invariably ……..

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LSE:HIK Hikma. Close Mid-Price: 1735 Percentage Change: + 2.94% Day High: 1739.5 Day Low: 1651.5

If Hikma experiences continued weakness below 1651.5, it will invariably ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 845.2 Percentage Change: -4.52% Day High: 881 Day Low: 841

Target met. In the event Hargreaves Lansdown experiences weakness below 8 ……..

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LSE:IAG British Airways Close Mid-Price: 131.44 Percentage Change: -8.29% Day High: 138 Day Low: 125.88

If British Airways experiences continued weakness below 125.88, it will ……..

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LSE:IGG IG Group Close Mid-Price: 729.5 Percentage Change: -2.41% Day High: 748.5 Day Low: 722.5

Target met. In the event IG Group experiences weakness below 722.5 it cal ……..

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LSE:ITRK Intertek Close Mid-Price: 4923 Percentage Change: -4.63% Day High: 5138 Day Low: 4906

Weakness on Intertek below 4906 will invariably lead to 4802 with seconda ……..

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LSE:ITV ITV Close Mid-Price: 69.4 Percentage Change: -2.45% Day High: 71.36 Day Low: 68.68

In the event ITV experiences weakness below 68.68 it calculates with a dr ……..

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LSE:JET Just Eat Close Mid-Price: 1732.2 Percentage Change: -4.29% Day High: 1857.6 Day Low: 1723.4

Target met. In the event Just Eat experiences weakness below 1723.4 it ca ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 134.05 Percentage Change: -1.32% Day High: 136.9 Day Low: 130.9

Target met. If Marks and Spencer experiences continued weakness below 130 ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 800.2 Percentage Change: -3.59% Day High: 821 Day Low: 763

Target met. In the event Ocado Plc experiences weakness below 763 it calc ……..

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LSE:RR. Rolls Royce Close Mid-Price: 80.31 Percentage Change: -1.75% Day High: 82 Day Low: 78.45

If Rolls Royce experiences continued weakness below 78.45, it will invari ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 123.45 Percentage Change: -2.45% Day High: 126.2 Day Low: 122.9

Weakness on Taylor Wimpey below 122.9 will invariably lead to 112 with se ……..

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

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