In the department of “Did that really happen?”, Natwest share price is finally giving a very slight hint toward coming changes in its fortunes! We should, of course, slip in the word ‘potential’ before changes as this is a UK retail bank and thus, incapable of deserving any trust. But like the first Xmas tree in your road, our inclination is to take this as a sign of things to come. It’s funny to note we’ve been unable to put up our Xmas tree here in our bit of Argyll, due to incessant rotten weather. It has either been extremely windy or extremely wet or both at the same time. Regardless, the idea of working outside with 240v lighting in a tall windswept fir tree, has proven quite unattractive but perhaps this week shall allow us a couple of drier days.
This ‘real’ tree is 4 or 5 years old, has no needles and gets bolted in place. It was spray painted gloss white a few years ago, actually making quite a pretty sight once the lights are fitted in place. This year has been the first time it has been a challenge to even consider dragging it out from behind the shed.
If we examine the immediate chart for Natwest, the price has enacted a couple of share price movements which should suggest some optimism, perhaps even a slightly raised eyebrow. We often write about this signal, a share price exceeding the level of a trend break. This is something we generally use to justify erasing all our previous drop targets as essentially, all our work has been cancelled. The second, more important signal, shows the share price exceeding the Blue downtrend since 2007, a rather less than exciting breakout but we cannot ignore the market opting to gap the share price upward on Friday. This tends confirm we’re not the only folk with a blue crayon and when we mix both signals together, it’s easy to make a presumption of some positive plans for the future.
If Natwest intends behave in a manner unbecoming of a British bank (ie; giving shareholders hope), we now regard above 228 as being a trigger level of some importance, on hopefully capable of propelling the share price to an initial 248 with secondary, if exceeded, calculating at a longer term 279p. We shall doubtless have plenty of time to revisit this, if it kicks off, but essentially above 228p places the share price in a Big Picture zone with a distant 316 allegedly exerting an influence.
To spoil the party and force us to stare stupidly at our upward calculations, the share price now needs close a session below 214p. Such a calamity dumps the share in a zone where reversal to an initial 192 looks possible with secondary, if broken, at 182p and the hope for another bounce while the monotonous story starts again…
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 9:13:44PM | BRENT | 7586 | 7499 | 7460 | 7421 | 7592 | 7635 | 7692 | 7740 | 7509 |
| 9:15:37PM | GOLD | 2004.32 | 1994 | 1981 | 1925 | 2015 | 2016 | 2024 | 2034 | 2002 |
| 9:19:02PM | FTSE | 7559.4 | 7519 | 7493 | 7463 | 7541 | 7576 | 7590 | 7608 | 7548 |
| 9:22:28PM | STOX50 | 4527.8 | 4477 | 4451 | 4423 | 4509 | 4535 | 4579 | 4664 | 4485 |
| 9:24:40PM | GERMANY | 16787 | 16630 | 16568 | 16490 | 16712 | 16802 | 16832 | 16866 | 16762 |
| 9:27:09PM | US500 | 4603.1 | 4571 | 4559 | 4542 | 4592 | 4610 | 4617 | 4633 | 4588 |
| 9:29:21PM | DOW | 36240.9 | 36042 | 35938 | 35819 | 36168 | 36294 | 36311 | 36426 | 36197 |
| 9:31:31PM | NASDAQ | 16075 | 15925 | 15874 | 15798 | 16034 | 16103 | 16161 | 16316 | 16010 |
| 9:41:37PM | JAPAN | 32572 | 32421 | 32332 | 32229 | 32567 | 32639 | 32760 | 32955 | 32565 |
8/12/2023 FTSE Closed at 7554 points. Change of 0.55%. Total value traded through LSE was: £ 4,750,603,507 a change of -16.53%
7/12/2023 FTSE Closed at 7513 points. Change of -0.03%. Total value traded through LSE was: £ 5,691,416,870 a change of -34.9%
6/12/2023 FTSE Closed at 7515 points. Change of 0.35%. Total value traded through LSE was: £ 8,742,933,283 a change of 113.36%
5/12/2023 FTSE Closed at 7489 points. Change of -0.31%. Total value traded through LSE was: £ 4,097,792,180 a change of -8.47%
4/12/2023 FTSE Closed at 7512 points. Change of -0.23%. Total value traded through LSE was: £ 4,476,825,041 a change of -0.54%
1/12/2023 FTSE Closed at 7529 points. Change of 1.02%. Total value traded through LSE was: £ 4,501,021,882 a change of -55.19%
30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%
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:AAL Anglo American** **LSE:AV. Aviva** **LSE:BDEV Barrett Devs** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:EXPN Experian** **LSE:IHG Intercontinental Hotels Group** **LSE:MMAG Music Magpie** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **
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Updated charts published on : Anglo American, Aviva, Barrett Devs, Caspian, Carnival, Experian, Intercontinental Hotels Group, Music Magpie, Ocado Plc, Rolls Royce, Sainsbury, Scottish Mortgage Investment Trust, Tesco, Taylor Wimpey, Vodafone,
LSE:AAL Anglo American Close Mid-Price: 1802.6 Percentage Change: -18.97% Day High: 2148 Day Low: 1630
Target met. Continued weakness against AAL taking the price below 1630 ca ……..
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View Previous Anglo American & Big Picture ***
LSE:AV. Aviva. Close Mid-Price: 429.1 Percentage Change: + 0.28% Day High: 430 Day Low: 425.7
Continued trades against AV. with a mid-price ABOVE 430 should improve th ……..
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View Previous Aviva & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 536.6 Percentage Change: -1.00% Day High: 544 Day Low: 532.4
In the event of Barrett Devs enjoying further trades beyond 544, the shar ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CASP Caspian Close Mid-Price: 2.65 Percentage Change: -3.64% Day High: 2.75 Day Low: 2.65
Continued weakness against CASP taking the price below 2.65 calculates as ……..
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View Previous Caspian & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1286 Percentage Change: + 2.31% Day High: 1292 Day Low: 1262.5
Continued trades against CCL with a mid-price ABOVE 1292 should improve t ……..
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View Previous Carnival & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3081 Percentage Change: + 1.28% Day High: 3099 Day Low: 3041
Continued trades against EXPN with a mid-price ABOVE 3099 should improve ……..
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View Previous Experian & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6830 Percentage Change: + 3.64% Day High: 6836 Day Low: 6580
Target met. In the event of Intercontinental Hotels Group enjoying furthe ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:MMAG Music Magpie Close Mid-Price: 11.4 Percentage Change: -0.87% Day High: 11.75 Day Low: 10.75
Target met. Continued weakness against MMAG taking the price below 10.75 ……..
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View Previous Music Magpie & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 627.4 Percentage Change: + 2.02% Day High: 645.6 Day Low: 613.6
Target met. All Ocado Plc needs are mid-price trades ABOVE 645.6 to impro ……..
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View Previous Ocado Plc & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 289.3 Percentage Change: + 1.08% Day High: 292.4 Day Low: 286.5
Target met. All Rolls Royce needs are mid-price trades ABOVE 292.4 to imp ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 294.8 Percentage Change: + 1.62% Day High: 300.7 Day Low: 294.3
Target met. Further movement against Sainsbury ABOVE 300.7 should improve ……..
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View Previous Sainsbury & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 743.2 Percentage Change: + 1.09% Day High: 748.6 Day Low: 733
All Scottish Mortgage Investment Trust needs are mid-price trades ABOVE 7 ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 287.9 Percentage Change: -0.21% Day High: 290.8 Day Low: 287
Target met. Further movement against Tesco ABOVE 290.8 should improve acc ……..
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View Previous Tesco & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 137.5 Percentage Change: + 0.29% Day High: 138.5 Day Low: 135.3
Target met. In the event of Taylor Wimpey enjoying further trades beyond ……..
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View Previous Taylor Wimpey & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 69.25 Percentage Change: -0.79% Day High: 70.08 Day Low: 68.75
Target met. If Vodafone experiences continued weakness below 68.75, it wi ……..
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View Previous Vodafone & Big Picture ***