Fevertree Drinks Plc (LSE:FEVR) got any fizz?

#Gold #Germany  The unexpected can come from any direction. That’s why it’s unexpected! As per a domestic bad habit, we’d narrowed the choice of films to watch on Sunday evening to 2 titles, each of us selecting something we thought the other would watch. It’s that sort of marriage with a degree of comic hilarity, if manners call for one us to move aside for the other. Cutting a long story short, my wife chose “Deadpool and Wolverine” as the evening movie, I chose the relatively unknown “Mrs Harris Goes To Paris”. Our usual coin toss decider meant “Mrs Harris …” was selected to watch. After all, who wouldn’t want to watch a movie about a widowed cleaning lady going to Paris to buy a frock from Dior in the 1950’s?

The film was excellent and the animals, clearly recognising the mood in the room, kept quiet with no demands to go out to the garden.

Apparently, some of the film was based on an exaggerated true story, an incident which changed forever the way Christian Dior retailed their products. And with the witchcraft of movie production, an entertaining story followed and a film worth watching out for. Personally, as a Deadpool fanboy, usually I’d be a bit irritated but on this instance, there was surprising proof the UK can still make movies.

 

Unfortunately, Fevertree Drinks need the unexpected quite urgently. Perhaps their little glass bottles will step forward.  Thankfully bereft of the stupid EU rule demanding tags on plastic soft drink bottle caps (but oddly, not on milk containers), it certainly seems Fevertree need a change of fortunes, due to their sales proving flat during the first half of 2024. Invariably, the company blame the appalling weather we’ve been gifted this year for their rotten sales but as we’re now looking the party festive season in the eye, perhaps a change in fortunes may be possible.

Unfortunately, according to historical share price movements, we’re not enthusiastically looking for surprise recovery.

The current situation hints of movement below 770p triggering reversal to 727p and perhaps a bounce. The danger comes, if 727 breaks, calculates at 579p, again with a chance of a bounce but should 579 break, bottom almost must work out before an eventual 410p.

Should the share price ever decide to have fun, it needs close a session above just 854p to trigger recovery to an initial 908p with our secondary, if beaten, a visually sane 1072p.

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:09:13PM BRENT 7189.4 ‘cess
10:40:21PM GOLD 2634.16 2630 2621 2599 2644 2668 2676 2693 2643 ‘cess
10:52:07PM FTSE 8244.8 ‘cess
10:56:06PM STOX50 5005.1 Success
11:13:21PM GERMANY 19357.8 19233 19144 19027 19369 19497 19593 19794 19350
11:17:40PM US500 5748.9 Success
11:20:28PM DOW 42250.1 ‘cess
11:22:38PM NASDAQ 20010
12:50:53AM JAPAN 38183

 

30/09/2024 FTSE Closed at 8236 points. Change of -1.01%. Total value traded through LSE was: £ 6,912,406,295 a change of 9.55%
27/09/2024 FTSE Closed at 8320 points. Change of 0.43%. Total value traded through LSE was: £ 6,309,682,763 a change of -12.79%
26/09/2024 FTSE Closed at 8284 points. Change of 0.19%. Total value traded through LSE was: £ 7,235,455,984 a change of 30.14%
25/09/2024 FTSE Closed at 8268 points. Change of -0.17%. Total value traded through LSE was: £ 5,559,537,162 a change of 3.34%
24/09/2024 FTSE Closed at 8282 points. Change of 0.28%. Total value traded through LSE was: £ 5,379,835,021 a change of 25.1%
23/09/2024 FTSE Closed at 8259 points. Change of 0.35%. Total value traded through LSE was: £ 4,300,418,012 a change of -66.74%
20/09/2024 FTSE Closed at 8230 points. Change of -1.18%. Total value traded through LSE was: £ 12,930,077,535 a change of 99.09%

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:AML Aston Martin** **LSE:AVCT Avacta** **LSE:BBY BALFOUR BEATTY** **LSE:GENL Genel** **LSE:IQE IQE** **LSE:TLW Tullow** **

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Updated charts published on : Anglo American, Aston Martin, Avacta, BALFOUR BEATTY, Genel, IQE, Tullow,


LSE:AAL Anglo American Close Mid-Price: 2429 Percentage Change: -0.37% Day High: 2490.5 Day Low: 2406

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LSE:AML Aston Martin Close Mid-Price: 120.4 Percentage Change: -24.51% Day High: 148 Day Low: 114.6

If Aston Martin experiences continued weakness below 114.6, it will invar ……..

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LSE:AVCT Avacta Close Mid-Price: 49 Percentage Change: -4.85% Day High: 52.5 Day Low: 45.5

If Avacta experiences continued weakness below 45.5, it will invariably l ……..

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 430.8 Percentage Change: -1.37% Day High: 445.6 Day Low: 427.4

Continued trades against BBY with a mid-price ABOVE 445.6 should improve ……..

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LSE:GENL Genel Close Mid-Price: 69.2 Percentage Change: -7.36% Day High: 75 Day Low: 69.4

Target met. Weakness on Genel below 69.4 will invariably lead to 68p with ……..

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LSE:IQE IQE Close Mid-Price: 16.72 Percentage Change: -3.13% Day High: 17.32 Day Low: 16.4

Target met. In the event IQE experiences weakness below 16p it calculates ……..

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LSE:TLW Tullow Close Mid-Price: 21.38 Percentage Change: -4.98% Day High: 23.16 Day Low: 21.36

Target met. Continued weakness against TLW taking the price below 21.36 c ……..

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

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