Mitie Group Plc (LSE:MTO) and a mighty share price potential…

#Gold #Germany  Mitie Group (pronounced “Mighty”)  has a share price which appears to be taking an interest in life, having slumbered for 2024. The company, amongst many other things hold the accolade of being the largest provider of immigration centres in the UK, and we can speculate the market assume this contract as being a growth area due to the government seemingly throwing money at the issue. Specialising in outsourced services, it certainly looks like #Mitie may be in the right place at the right time, presumably also operating a revolving door between the corporate and the trustworthy folks involved in public sector decision making…

 

From a relatively near term perspective, there’s a firm argument suggesting movement next above 138 should make an attempt at an initial 142 with our secondary, if bettered, at 149p. This is fairly important from a Big Picture perspective, suggesting an imminent attempt to match the 2020 high before the pandemic manipulation to create an artificial low of 57p. What happened next proved inevitable, thanks to market hysterics during the Covid era and the share price was destined to discover an eventual bottom at just 27p.

What we find useful about the current dance steps we can assign to Mitie comes from a Big Picture argument, one which demands we see the share price close above the 2020 high to point at “proper” recovery cycle, one which potentially shall move into a growth phase. In the case of Mitie, closure above 149 shall be treated as significant, creating a scenario where a long term 169p is expected with a secondary, if bettered, a future 204p. For now, it seems crossing fingers will become a legitimate part of trading strategy but due to the potential of 149p making an appearance, there will be a stronger argument favouring treating the share as a “file and forget” while the price makes its way to a level not seen since 2018.

 

Of course, if things intend go wrong, the price needs fail below 109p as this risks triggering a visit down to an eventual 75p!

 

 

FUTURES


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
11:05:29PM BRENT 6682.1
11:08:53PM GOLD 3336.75 3318 3303 3253 3403 3451 3489 3547 3408
11:14:55PM FTSE 8432.2
11:18:53PM STOX50 5051.5
11:23:06PM GERMANY 21738.2 21325 21113 20890 21500 21778 21883 22055 21427
11:26:08PM US500 5383.4
11:30:55PM DOW 39776
11:35:30PM NASDAQ 18626.1
11:38:58PM JAPAN 35180
22/04/2025 FTSE Closed at 8328 points. Change of 0.64%. Total value traded through LSE was: £ 7,148,209,130 a change of 44.7%
17/04/2025 FTSE Closed at 8275 points. Change of 0%. Total value traded through LSE was: £ 4,939,870,003 a change of -16.08%
16/04/2025 FTSE Closed at 8275 points. Change of 0.32%. Total value traded through LSE was: £ 5,886,488,566 a change of -4.07%
15/04/2025 FTSE Closed at 8249 points. Change of 1.41%. Total value traded through LSE was: £ 6,136,208,877 a change of 24.24%
14/04/2025 FTSE Closed at 8134 points. Change of 2.13%. Total value traded through LSE was: £ 4,939,029,707 a change of -33.73%
11/04/2025 FTSE Closed at 7964 points. Change of -100%. Total value traded through LSE was: £ 7,453,071,639 a change of 0%
10/04/2025 FTSE Closed at 7913 points. Change of 0%. Total value traded through LSE was: £ 8,763,429,654 a change of 0%

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:BME B & M** **LSE:NG. National Glib** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **

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Updated charts published on : Anglo American, B & M, National Glib, Star Energy, Tern Plc,


LSE:AAL Anglo American. Close Mid-Price: 2034 Percentage Change: + 0.47% Day High: 2058 Day Low: 1996

All Anglo American needs are mid-price trades ABOVE 2058 to improve accel ……..

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LSE:BME B & M. Close Mid-Price: 326.1 Percentage Change: + 1.02% Day High: 329.1 Day Low: 323

Continued trades against BME with a mid-price ABOVE 329.1 should improve ……..

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LSE:NG. National Glib. Close Mid-Price: 1093 Percentage Change: + 1.30% Day High: 1096.5 Day Low: 1074

Target met. In the event of National Glib enjoying further trades beyond ……..

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LSE:STAR Star Energy Close Mid-Price: 6.37 Percentage Change: -5.49% Day High: 6.02 Day Low: 6

Target met. Continued weakness against STAR taking the price below 6 calc ……..

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View Previous Star Energy & Big Picture ***


LSE:TERN Tern Plc. Close Mid-Price: 1.12 Percentage Change: + 0.00% Day High: 1.12 Day Low: 1.07

If Tern Plc experiences continued weakness below 1.07, it will invariably ……..

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

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