Since 2008, Taylor Wimpey has done nothing particularly useful. Okay, we’ll concede their share price hit 4.28p during the Financial crisis, boosting to 240p in the period since, a pretty solid gain for the doubtless millions of traders who lie about these things, fondly remembering the ’56x bagger when they bought at the low and sold at the high. In fairness, most traders tend dwell on their mistakes and missed opportunities, rather than boast about the improbable.
The problem with Taylor Wimpey is fairly straightforward.
Their share price needs exceed 263p to convince us it has made a successful transit from the damage caused by the last major crash, entering a cycle where proper recovery is probable for the longer term. This is a share which topped out at 542p in 2007, is currently trading around 115p, and has essentially struggled during the last fifteen years. So, we’re effectively consigned to looking for any scenario which may boost their share above the 263p level!
How hard can it be as the ruling downtrend is only around 163.741p currently?
Now we think about it, perhaps it shall make more sense to look for reasons why the ruling downtrend may finally be exceeded…
The immediate situation demands trades above 125p to trigger share price recovery to an initial 151p and some possible hesitation. Should this level be exceeded, things become a tad more interesting for the longer term, our secondary calculating at 174p and the chance for the builders share price to close above Blue on the chart, laying foundations for future growth in the direction of 226p, maybe even beyond. And there you have it.
All Taylor Wimpey needs to enter a track to an eventual 414p is go up by 10p from current. If only life were so simple. This outpouring of optimism comes with a few inevitable pratt-falls. Glancing at the chart, the visuals imply a strong suggestion of some stutters at the 174p level, the reason being fairly obvious. During 2021, the share price struggled to exceed such a point and there are doubtless a bunch of folk who “invested” at these highs, just begging to get their cash back. Invariably, this will create selling pressure, introducing a hesitation in growth. But the smarter (gulp) traders will notice this time, it has achieved such a price level while trading above the ruling downtrend, resting on the optimistic side of the Blue line. Similarly, the high of 2020 shall doubtless introduce a stutter, should the 226p target appear and once again, all our usual reasons for hesitation apply.
But in this instance, due to “the risk” of substantial growth beyond 226p, closure above this price level invents a seriously good reason to view Taylor Wimpey as a reasonable long term hold.
Hopefully nothing such as a banking crisis provides sufficient excuse for this share price to close a session below 84p. Such an event risks triggering reversal to an ultimate bottom of 22p, doubtless an ideal level to open a Long position and hope for the best!
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
21/03/2023 FTSE Closed at 7536 points. Change of 1.8%. Total value traded through LSE was: £ 5,078,878,926 a change of -18.94%
20/03/2023 FTSE Closed at 7403 points. Change of 0.93%. Total value traded through LSE was: £ 6,265,515,535 a change of -57.61%
17/03/2023 FTSE Closed at 7335 points. Change of -1.01%. Total value traded through LSE was: £ 14,781,854,376 a change of 86.96%
16/03/2023 FTSE Closed at 7410 points. Change of 0.9%. Total value traded through LSE was: £ 7,906,260,016 a change of -5.19%
15/03/2023 FTSE Closed at 7344 points. Change of -3.84%. Total value traded through LSE was: £ 8,338,790,623 a change of 43.77%
14/03/2023 FTSE Closed at 7637 points. Change of 1.18%. Total value traded through LSE was: £ 5,799,952,343 a change of -34.08%
13/03/2023 FTSE Closed at 7548 points. Change of -2.58%. Total value traded through LSE was: £ 8,798,482,438 a change of 25.79%
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 email@example.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:AVCT Avacta** **LSE:BARC Barclays** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:CASP Caspian** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **
Updated charts published on : Avacta, Barclays, Bowleven, Caspian, Lloyds Grp., Natwest,
LSE:AVCT Avacta. Close Mid-Price: 120 Percentage Change: + 0.00% Day High: 120.5 Day Low: 115
Weakness on Avacta below 115 will invariably lead to 97 with secondary, i ……..
View Previous Avacta & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 143.14 Percentage Change: + 4.97% Day High: 145.1 Day Low: 138.76
All Barclays needs are mid-price trades ABOVE 145.1 to improve accelerati ……..
View Previous Barclays & Big Picture ***
LSE:BLVN Bowleven Close Mid-Price: 1.25 Percentage Change: -9.09% Day High: 1.38 Day Low: 1.15
If Bowleven experiences continued weakness below 1.15, it will invariably ……..
View Previous Bowleven & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 503.4 Percentage Change: + 3.37% Day High: 508.4 Day Low: 489.9
In the event of BP PLC enjoying further trades beyond 508.4, the share sh ……..
View Previous BP PLC & Big Picture ***
LSE:CASP Caspian Close Mid-Price: 6.2 Percentage Change: -1.59% Day High: 6.3 Day Low: 6.2
All Caspian needs are mid-price trades ABOVE 6.3 to improve acceleration ……..
View Previous Caspian & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 48.16 Percentage Change: + 4.46% Day High: 48.53 Day Low: 46.65
In the event of Lloyds Grp. enjoying further trades beyond 48.53, the sha ……..
View Previous Lloyds Grp. & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 272.4 Percentage Change: + 5.66% Day High: 276.7 Day Low: 261.2
All Natwest needs are mid-price trades ABOVE 276.7 to improve acceleratio ……..
View Previous Natwest & Big Picture ***
*** End of “Updated Today” comments on shares.
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