Natwest Group Plc (LSE:NWG) important thoughts

#Brent #Dax As Mr Farage’s favourite bank are due to release their annual results this week, it’s doubtless worth taking yet another Big Picture review of the share price potentials, especially as the share price has managed to close above our crucial 225p on a couple of occasions. With surprise generosity, the market opted confirm our arithmetic by gapping the share value down from 225p on 1st February. We immediate questioned whether this was a strategy to stop it moving too fast.

According to the media, groaning under the usual weight of leaks prior to the banks Earnings Report, Natwest are expected to reveal their most profitable year, since it was effectively nationalised thanks to the financial crash. Additionally, they are due to pay staff bonus’s at slightly less than 2023’s value and better still, there’s the expectation the UK government shall dump their remaining 35% share in the bank in a mass market share sale, perhaps are early as June of this year. This perhaps has the potential of kick starting some true recovery for the share price as it isn’t the case the share count is being diluted. Instead, the leaden hand of the UK Government Investment arm will be seen as giving up control of a huge swathe of shares which are already in existence.

Hopefully this, along with a decent set of results, shall lay the groundwork for Natwest to actually do something useful.

 

It now appears to be the case where above 229.1p should prove capable of triggering a lift to an initial 240p with our longer term secondary, if bettered, calculating at a future 290p. The idea of a visit to 290p isn’t very exciting as it doesn’t even challenge the highs of the false dawn back in 2023. However, such an ambition would take the share price above its high, pre-pandemic, and we strongly suspect this will provide a firm signal for share motivation in coming months, especially as our third level of ambition works out at a future 395p, a hope which doesn’t look entirely ridiculous.

 

Now we’ve gotten all the reasons for optimism out of the way, there remains a tiny little detail crying out for consideration. Natwest share price remains trading below Red on the chart, now needing above 230p to suggest it has all been a mistake and things should get better  While an amazing degree of respect is being paid to the Blue downtrend which dates back to 2007, we dare not conclude this are about to get better. Below 203p now calculates with the risk of reversal to an initial 193 with secondar, if broken, an eventual 182 and hopefully a bounce.

 

Our suspicion is we’re about to see Natwest become useful.

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
4:59:50PM BRENT 8177.7 8107 8077 8026 8172 8232 8355 8587 8105
5:05:27PM GOLD 2024.22
8:52:28PM FTSE 7292.9
8:55:05PM STOX50 4726
8:58:40PM GERMANY 16957.4 16905 16863 16808 16946 16994 17034 17088 16938
9:03:38PM US500 5023.7
9:11:28PM DOW 38629
9:18:36PM NASDAQ 17954.5
9:21:21PM JAPAN 37121

 

9/02/2024 FTSE Closed at 7572 points. Change of -0.3%. Total value traded through LSE was: £ 5,608,670,910 a change of 3.17%
8/02/2024 FTSE Closed at 7595 points. Change of -0.43%. Total value traded through LSE was: £ 5,436,383,411 a change of -4.43%
7/02/2024 FTSE Closed at 7628 points. Change of -0.69%. Total value traded through LSE was: £ 5,688,534,403 a change of 1.67%
6/02/2024 FTSE Closed at 7681 points. Change of 0.91%. Total value traded through LSE was: £ 5,595,046,133 a change of -6.77%
5/02/2024 FTSE Closed at 7612 points. Change of -0.04%. Total value traded through LSE was: £ 6,001,091,520 a change of -6.39%
4/02/2024 FTSE Closed at 7615 points. Change of 0%. Total value traded through LSE was: £ 6,410,714,874 a change of 39.22%
2/02/2024 FTSE Closed at 7615 points. Change of -0.09%. Total value traded through LSE was: £ 4,604,656,485 a change of -16.86%

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:BT.A British Telecom** **LSE:CNA Centrica** **LSE:EXPN Experian** **LSE:GLEN Glencore Xstra** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:STAR Star Energy** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

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Updated charts published on : British Telecom, Centrica, Experian, Glencore Xstra, IQE, ITV, Star Energy, Vodafone, Zoo Digital,


LSE:BT.A British Telecom Close Mid-Price: 104.95 Percentage Change: -0.71% Day High: 106.35 Day Low: 104.5

In the event British Telecom experiences weakness below 104.5 it calculat ……..

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LSE:CNA Centrica. Close Mid-Price: 133.4 Percentage Change: + 0.04% Day High: 133.85 Day Low: 131.4

Weakness on Centrica below 131.4 will invariably lead to 100p with second ……..

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LSE:EXPN Experian. Close Mid-Price: 3358 Percentage Change: + 0.60% Day High: 3391 Day Low: 3333

Target met. All Experian needs are mid-price trades ABOVE 3391 to improve ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 385.05 Percentage Change: -2.96% Day High: 395.25 Day Low: 383

Target met. Continued weakness against GLEN taking the price below 383 ca ……..

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LSE:IQE IQE. Close Mid-Price: 24.7 Percentage Change: + 8.10% Day High: 25.45 Day Low: 22.85

Target met. Continued trades against IQE with a mid-price ABOVE 26p shoul ……..

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LSE:ITV ITV Close Mid-Price: 57.86 Percentage Change: -1.23% Day High: 58.6 Day Low: 57.52

If ITV experiences continued weakness below 57.52, it will invariably lea ……..

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LSE:STAR Star Energy Close Mid-Price: 7.63 Percentage Change: -1.48% Day High: 0 Day Low: 0

In the event Star Energy experiences weakness below 7.47 it calculates wi ……..

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LSE:VOD Vodafone Close Mid-Price: 62.97 Percentage Change: -0.85% Day High: 63.91 Day Low: 62.96

If Vodafone experiences continued weakness below 62.96, it will invariabl ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 33.4 Percentage Change: -1.76% Day High: 34.5 Day Low: 31.75

In the event Zoo Digital experiences weakness below 31.75 it calculates w ……..

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

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