NWG Price Prediction Next Week
Technical Analysis: Based on recent price action, NWG has shown bearish momentum with a 5.5% decline to $9.30 in pre-market trading. The stock is currently trading between key Fibonacci levels with support at $9.39 and resistance at $10.60.
News Impact: Several significant developments affect NWG's outlook:
- The UK has delayed Basel 3.1 banking reforms implementation to January 2027, which provides regulatory clarity and stability for NWG's operations
- The UK banking sector faces challenges with stagnating economy and inflation concerns
- NWG maintains a strong market position as one of the largest commercial lenders in the UK with ~20% market share
Price Forecast for Next Week: Based on technical indicators and news sentiment:
- Support levels: $9.39 (Fibonacci S1), $9.02 (Fibonacci S2)
- Resistance levels: $10.60 (Fibonacci R1), $10.97 (Fibonacci R2)
The RSI reading of 58.59 indicates neutral momentum, while the positive MACD of 0.08 suggests slight bullish momentum. However, the recent pre-market decline and broader market uncertainties suggest downward pressure.
Price Target: Expect NWG to test the Fibonacci S1 support at $9.39 next week, with potential further decline to $9.20 if market sentiment remains negative.
Recommendation: SELL Rationale:
- Negative pre-market momentum
- Macroeconomic headwinds in UK banking sector
- Technical indicators showing vulnerability near support levels
Target entry: $9.30-9.40 Stop loss: $9.65 Take profit: $9.00
NWG Similar Chart Price Prediction
The price of NWG is predicted to go up -2.71%, based on the high correlation periods with AEE. The similarity of these two price pattern on the periods is 91.42%.
NWG
AEE
Down: -2.71%Similarity: 91.42%
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NWG VS S&P500
NatWest operates a strong retail and commercial banking franchise in the U.K.
NatWest has shown its ability to return capital to shareholders based on improved operating performance and a successful restructuring effort.
NatWest has a strong capital position well above minimum requirements.
NWG Analyst's Forecast
Joseph Dickerson
Jefferies
Sell → Strong Buy
Price Target
n/a
Upside
0%
Jefferies analyst Jonathan Pierce upgraded NatWest Group to Buy from Underperform with a price target of 425 GBp, up from 140 GBp, following a transfer of coverage. The firm says NatWest "is the easiest play on the hedge story." The bank's net interest income is 77% of revenue, the mortgage book has fully repriced, and deposit mix is stabilizing, the analyst tells investors in a research note. "Now it's all about the hedge where net maturity yields are zero next year," adds Jefferies.