Qinetiq Group Plc (LSE:QQ.) on target?

#Stoxx50 ‘Nasdaq We’ve always been quite fond of Qinetic, partially due to the company once renting a house from us in Ross-shire, Scotland. The reason they needed somewhere for their scientists was the proximity of the missile testing range and back then, we’d given priority to having wireless broadband, a facility very few people offered at that time. And of course, the small boy within will always admire a company who mess around test firing rockets and missiles.

While Qinetiq are obviously in the military supply field, there is an interesting parallel between their test range and something which actually happened between two islands off the coast of Ross-shire. In 1934 or so, someone in the Post Office received a proposal to speedily deliver mail between the islands, a process which could (and still can) be haphazard thanks to the Scottish weather. The idea was fairly simple, the village postman would stuff a few thousand letters in a tube, take aim, light the fuse, and run. The rocket was to fly unerringly between the isle of Harris and another island called Scarp but the first two attempts failed, the first with an explosion and fire, the second actually getting airborne but blew up on the beach.

The scientist behind the effort, a German chap, returned to his home country and later became a member of the country’s V2 rocket program. In Scotland, some singed and burnt remnants of the failed mail delivery are on display in the island museum.  But the spirit of the effort lives on, Qinetiq opting to use the area to test their military products, presumably without including mail.


As for Qinetiq share price, there’s certainly plenty happening in the world which will require military to stock up on their products. Given events in Israel, perhaps Qinetiq shall abandon Scotland to experiment in abandoned coal mines in Wales, trying out underground missiles…

When we review their price movements this year and month, the share hasn’t been achieving any interesting higher highs but has exceeded the Blue downtrend since 2022, always an essential initial tickbox for price gains. The next stage, according to our rule book, comes when the share price achieves a solid higher high, after breaking a trend. In the case of Qinetiq this is a demand the share price close a session above 380p, by an amusing coincidence also our initial target back in 2022.

Closure above 380p or perhaps intraday trades now above 383p should next trigger share price movement to an initial smug looking 418p. Our longer term secondary works out at 446p.


For things to go horribly wrong, their share price currently needs below 325p and this risks triggering reversal to an initial 261p with secondary, if broken, a hopeful bottom at an eventual 238p. For now, our inclination is to anticipate the best for Qinetiq but then again, we like the company and their share price history of meeting our targets.





Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:57:36PM BRENT 8189
10:00:33PM GOLD 2024.02
10:03:42PM FTSE 7715.4 ‘cess
10:10:56PM STOX50 4759 4743 4738 4728 4762 4768 4775 4784 4755
10:13:53PM GERMANY 17063
10:18:12PM US500 4975.1
10:21:31PM DOW 38602.5 ‘cess
10:24:29PM NASDAQ 17521.5 17400 17322 17082 17618 17663 17729 17840 17500 Success
10:27:10PM JAPAN 38296 38115 38000 37750 38237 38564 38629 38800 38439 ‘cess


20/02/2024 FTSE Closed at 7719 points. Change of -0.12%. Total value traded through LSE was: £ 4,955,387,121 a change of 38.92%
19/02/2024 FTSE Closed at 7728 points. Change of 0.22%. Total value traded through LSE was: £ 3,567,027,566 a change of -46.92%
16/02/2024 FTSE Closed at 7711 points. Change of 1.5%. Total value traded through LSE was: £ 6,719,822,861 a change of 59.53%
15/02/2024 FTSE Closed at 7597 points. Change of 0.38%. Total value traded through LSE was: £ 4,212,176,049 a change of -10.97%
14/02/2024 FTSE Closed at 7568 points. Change of 0.75%. Total value traded through LSE was: £ 4,731,346,457 a change of -6.79%
13/02/2024 FTSE Closed at 7512 points. Change of -0.81%. Total value traded through LSE was: £ 5,075,825,719 a change of 6.46%
12/02/2024 FTSE Closed at 7573 points. Change of 0.01%. Total value traded through LSE was: £ 4,767,866,668 a change of -14.99%

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:AML Aston Martin** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:CNA Centrica** **LSE:FRES Fresnillo** **LSE:GRG Greggs** **LSE:HSBA HSBC** **LSE:IHG Intercontinental Hotels Group** **LSE:RR. Rolls Royce** **LSE:STAR Star Energy** **


Updated charts published on : Aston Martin, Aviva, Barclays, Centrica, Fresnillo, Greggs, HSBC, Intercontinental Hotels Group, Rolls Royce, Star Energy,

LSE:AML Aston Martin. Close Mid-Price: 165.7 Percentage Change: + 0.00% Day High: 169.1 Day Low: 162.7

In the event Aston Martin experiences weakness below 162.7 it calculates ……..

Subscribe for more


View Previous Aston Martin & Big Picture ***

LSE:AV. Aviva. Close Mid-Price: 443.8 Percentage Change: + 3.14% Day High: 443.3 Day Low: 436.1

Continued trades against AV. with a mid-price ABOVE 443.3 should improve ……..

Subscribe for more


View Previous Aviva & Big Picture ***

LSE:BARC Barclays. Close Mid-Price: 161.8 Percentage Change: + 8.59% Day High: 162.98 Day Low: 154.88

Target met. In the event of Barclays enjoying further trades beyond 162.9 ……..

Subscribe for more


View Previous Barclays & Big Picture ***

LSE:CNA Centrica. Close Mid-Price: 133.4 Percentage Change: + 1.99% Day High: 134.55 Day Low: 128.7

In the event Centrica experiences weakness below 128.7 it calculates with ……..

Subscribe for more


View Previous Centrica & Big Picture ***

LSE:FRES Fresnillo Close Mid-Price: 473 Percentage Change: -0.94% Day High: 478.6 Day Low: 460.9

Continued weakness against FRES taking the price below 460.9 calculates a ……..

Subscribe for more


View Previous Fresnillo & Big Picture ***

LSE:GRG Greggs. Close Mid-Price: 2810 Percentage Change: + 0.36% Day High: 2812 Day Low: 2778

Further movement against Greggs ABOVE 2812 should improve acceleration to ……..

Subscribe for more


View Previous Greggs & Big Picture ***

LSE:HSBA HSBC. Close Mid-Price: 643.8 Percentage Change: + 0.88% Day High: 644.1 Day Low: 636

Target met. In the event of HSBC enjoying further trades beyond 644.1, th ……..

Subscribe for more


View Previous HSBC & Big Picture ***

LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 8334 Percentage Change: + 5.36% Day High: 8418 Day Low: 7772

Target met. Continued trades against IHG with a mid-price ABOVE 8418 shou ……..

Subscribe for more


View Previous Intercontinental Hotels Group & Big Picture ***

LSE:RR. Rolls Royce Close Mid-Price: 330.5 Percentage Change: -1.11% Day High: 335.4 Day Low: 330.1

Continued trades against RR. with a mid-price ABOVE 335.4 should improve ……..

Subscribe for more


View Previous Rolls Royce & Big Picture ***

LSE:STAR Star Energy. Close Mid-Price: 7.48 Percentage Change: + 0.00% Day High: 7.22 Day Low: 7.2

Target met. Weakness on Star Energy below 7.2 will invariably lead to 6.8 ……..

Subscribe for more


View Previous Star Energy & Big Picture ***

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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.