Convatec Group Plc (LSE:CTEC) healing wounds…

#Gold #DOW  We’d very mixed feelings in 2023, when a political “Leave Russia” project kicked off, campaigning against companies such as Convatec who remained active in Russia despite events in Ukraine. When a company who lists among their activities in being a market leader in Advanced Wound Care, a political campaign to remove them didn’t sit well. From a personal perspective with a parent who’d been active in the International Red Cross, politically driven complaints about medical activity during conflicts didn’t sit well.

Member of the FTSE 100, Convatec share price made a sufficient twitch to elicit a bunch of emails asking our opinion on what’s coming next?

 

We’re a bit suspicious, due to the dangers of peace breaking out in various areas of the world which shall obviously risk the profitability of Convatec! However, the stock market opted to “gap” the share price up above the Blue downtrend from a year ago, giving considerable hope some good times can be anticipated in the near future. Should we choose to be a little cynical, we’ll not be surprised if the share price experiences near term movement above 270p, triggering a jump upward to 280, quite possibly a little higher.

Should the market follow the usual plotline, a lunge to even 290p can be expected but invariably the price shall experience some relaxation, despite intraday flamboyance actually closing the session below our initial target of 280. But closure above 280p has the potential to trigger a power movement to 311p in the future. This could prove significant, especially as we’re two quite different arguments favouring a future attraction as coming from a confident 356p.

 

If things intend go wrong, the price needs wander below 236 to make trouble, allowing us to project the danger of a drop down to a confident looking 296p as a hopeful bottom. If broken, our less likely secondary works out at 174p.

This is one where we suspect a convoluted upward cycle is expected.

 

 

 

FUTURES


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:46:06PM BRENT 7225.8
9:49:07PM GOLD 2916.94 2891 2878 2860 2910 2931 2940 2957 2915 ‘cess
11:26:13PM FTSE 8709.5
11:28:05PM STOX50 5480.8 Success
11:30:40PM GERMANY 22636.1 Success
11:45:26PM US500 5959.2
11:29:02PM DOW 43381.2 43267 43106 42852 43501 43868 44093 44369 43678 Shambles
11:31:22PM NASDAQ 21150.8 ‘cess
11:33:26PM JAPAN 38252

 

26/02/2025 FTSE Closed at 8731 points. Change of 0.73%. Total value traded through LSE was: £ 6,212,854,759 a change of -4.11%
25/02/2025 FTSE Closed at 8668 points. Change of 0.12%. Total value traded through LSE was: £ 6,478,870,440 a change of 6.36%
24/02/2025 FTSE Closed at 8658 points. Change of -0.01%. Total value traded through LSE was: £ 6,091,356,449 a change of 2.58%
21/02/2025 FTSE Closed at 8659 points. Change of -0.03%. Total value traded through LSE was: £ 5,938,081,458 a change of 0.78%
20/02/2025 FTSE Closed at 8662 points. Change of -0.57%. Total value traded through LSE was: £ 5,892,381,883 a change of 10.17%
19/02/2025 FTSE Closed at 8712 points. Change of -0.62%. Total value traded through LSE was: £ 5,348,624,853 a change of 11.87%
18/02/2025 FTSE Closed at 8766 points. Change of -0.02%. Total value traded through LSE was: £ 4,781,200,025 a change of -0.7%

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:HSBA HSBC** **LSE:ITM ITM Power** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:STAN Standard Chartered** **

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Updated charts published on : Aston Martin, Aviva, HSBC, ITM Power, Lloyds Grp., Natwest, Standard Chartered,


LSE:AML Aston Martin Close Mid-Price: 97 Percentage Change: -11.98% Day High: 116.5 Day Low: 93.5

Target met. In the event Aston Martin experiences weakness below 93.5 it ……..

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LSE:AV. Aviva. Close Mid-Price: 524.8 Percentage Change: + 3.27% Day High: 527.2 Day Low: 508.4

Target met. Further movement against Aviva ABOVE 527.2 should improve acc ……..

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LSE:HSBA HSBC. Close Mid-Price: 911.7 Percentage Change: + 1.36% Day High: 910.8 Day Low: 894.8

Further movement against HSBC ABOVE 910.8 should improve acceleration tow ……..

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LSE:ITM ITM Power Close Mid-Price: 29.28 Percentage Change: -2.01% Day High: 30.32 Day Low: 29.48

Weakness on ITM Power below 29.48 will invariably lead to 27p with second ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 71.76 Percentage Change: + 4.58% Day High: 71.98 Day Low: 69.6

In the event of Lloyds Grp. enjoying further trades beyond 71.98, the sha ……..

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LSE:NWG Natwest. Close Mid-Price: 467 Percentage Change: + 3.02% Day High: 469.5 Day Low: 457.8

Target met. Continued trades against NWG with a mid-price ABOVE 469.5 sho ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 1248.5 Percentage Change: + 3.96% Day High: 1256 Day Low: 1211.5

Target met. Further movement against Standard Chartered ABOVE 1256 should ……..

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

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