Will Lloyds Bank shares keep blooming?
Shares in this high street lender have tripled since the pandemic crash low. Here's what independent analyst Alistair Strang thinks could happen next.
3rd March 2025 07:44
by Alistair Strang from Trends and Targets
We’ve waited years to enter a positive frame of mind regarding the UK retail banks. Now, movement which has actually started places us in the position of being ultra cynical. But that position on the UK banking sector is getting increasingly difficult for several reasons.
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Firstly, there’s the downtrend since 2009 which we think important. No matter which trend line we throw at the share, Lloyds Banking Group (LSE:LLOY) has undoubtedly broken trend and can be assumed as recovering.
We’ve opted to set a fairly attainable trigger level for Lloyds, suggesting the share price needs to close above 73.5p before we dare take the next phase of growth seriously. It is actually quite a big deal as the price is about to move firmly into a Big Picture scenario. Additionally, with the share price closing above the pre-pandemic high, this is generally taken as a big deal for future progression.
Closure above 73.5p should now trigger a cycle to an initial 92p with our secondary, if bettered, at a longer term 114p or better.
For everything to go wrong for Lloyds, closure below 62p would be troubling, allowing reversal to 55p with our secondary, if broken, at a bottom of 52p.
Lloyds is really worth watching, finally.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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