M&G Plc (LSE:MNG), trading around 257p and hopeful.

#Gold #WallSt  We previously reviewed this back in April 2023, giving a couple of targets which the share price has finally achieved, needing only 27 months to enact a shuffle from 207p to our secondary at 252p. This is the sort of thing we dread from the company which grew out of Prudential, a characteristic of the sector “Assurance” sector being an assurance things will take an age to happen. Of course, from our perspective, there’s now an issue…

 

As the chart below shows, the share price has stalled at the 252 – 261p level since the middle of June. A peculiar facet of this sort of stutter is worth considering as we’ve an interesting take on it.

Firstly, the share price has stalled marginally above its prior highs in 2021, choosing to flutter around for a few weeks, perhaps while the share price gathers sufficient strength for another upward surge. Such a notion, while daft, remains something fairly common in price movements, when a rising cycle is planned. The reality of a price dithering around in a tight range for 3 to 12 weeks isn’t a surprise but what should come next generally will raise an eyebrow. If playing safe, above 261 should next trigger movement to an initial 280p with our secondary, if bettered, a longer term 306p. But cutting to the chase, we already suspect such a rise is on the cards, due to the current share price stutter, resulting in a situation where entering a trade anytime soon should pay dividends. Normally this situation shall experience a sharp rise, over a day or two, to our initial target, once the market has discovered a sufficient narrative to drive the rise.

If the share price decides to experiment with self flagellation, it needs move below 235p to potentially trigger trouble, calculating with an initial 216p with our secondary, if broken, at a hopeful bottom of 182p and a bounce!

Our biggest fear with this comes from the salient detail this potential future rise looks like a free gift. The UK market isn’t famed for giving away such levels of optimism.

 

 

FUTURES


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:57:32PM BRENT 6955
10:03:29PM GOLD 3314.6 3300 3281 3228 3319 3345 3363 3384 3326 ‘cess
10:09:45PM FTSE 9084.2 Shambles
11:16:35PM STOX50 5339 Success
11:21:55PM GERMANY 23989.7 Success
11:26:27PM US500 6394.7
11:29:53PM DOW 44869.1 44783 44748 44682 44864 44953 45043 45145 44843 Success
11:33:49PM NASDAQ 23384.3 ‘cess
11:36:21PM JAPAN 40814 ‘cess

 

28/07/2025 FTSE Closed at 9081 points. Change of -0.43%. Total value traded through LSE was: £ 4,395,992,123 a change of -22.42%
25/07/2025 FTSE Closed at 9120 points. Change of -0.2%. Total value traded through LSE was: £ 5,666,736,165 a change of 2.7%
24/07/2025 FTSE Closed at 9138 points. Change of 0.85%. Total value traded through LSE was: £ 5,517,760,836 a change of 0.27%
23/07/2025 FTSE Closed at 9061 points. Change of 0.42%. Total value traded through LSE was: £ 5,503,107,449 a change of 15.9%
22/07/2025 FTSE Closed at 9023 points. Change of 0.11%. Total value traded through LSE was: £ 4,748,177,940 a change of -18.75%
21/07/2025 FTSE Closed at 9013 points. Change of 0.23%. Total value traded through LSE was: £ 5,844,177,797 a change of 22.54%
18/07/2025 FTSE Closed at 8992 points. Change of 0.22%. Total value traded through LSE was: £ 4,769,021,038 a change of 5.9%

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:AVCT Avacta** **LSE:BARC Barclays** **LSE:RKH Rockhopper** **LSE:SBRY Sainsbury** **LSE:SMT Scottish Mortgage Investment Trust** **

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Updated charts published on : Avacta, Barclays, Rockhopper, Sainsbury, Scottish Mortgage Investment Trust,


LSE:AVCT Avacta. Close Mid-Price: 47.5 Percentage Change: + 0.21% Day High: 52.75 Day Low: 46.5

All Avacta needs are mid-price trades ABOVE 52.75 to improve acceleration ……..

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LSE:BARC Barclays. Close Mid-Price: 361.2 Percentage Change: + 0.19% Day High: 365.55 Day Low: 359.75

Continued trades against BARC with a mid-price ABOVE 365.55 should improv ……..

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LSE:RKH Rockhopper. Close Mid-Price: 73.8 Percentage Change: + 14.24% Day High: 74.6 Day Low: 64.6

Target met. All Rockhopper needs are mid-price trades ABOVE 74.6 to impro ……..

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LSE:SBRY Sainsbury Close Mid-Price: 302.6 Percentage Change: -1.11% Day High: 308.2 Day Low: 301

Further movement against Sainsbury ABOVE 308.2 should improve acceleratio ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 1083 Percentage Change: + 0.00% Day High: 1091.5 Day Low: 1082

All Scottish Mortgage Investment Trust needs are mid-price trades ABOVE 1 ……..

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View Previous Scottish Mortgage Investment Trust & Big Picture ***


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

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