NatWest stock price forecast: uptrend still intact


The NatWest share price is hovering near its highest level since January 2020 as demand for the stock increases. The NWG share price is trading at 227p, a few points below the 230p high of the start of the year. It has also become London’s best performing banking stock.

UK Economy and NatWest

NatWest is a leading UK bank with several brands. It owns brands such as NatWest, Royal Bank of Scotland, Ulster Bank, Coutts, Adam & Company, Child & Co, Drummonds, Lombard, Isle of Man Bank and Free Markets.

The company is primarily a national bank with no major operations outside the country. The company earns money by offering services such as retail banking and commercial banking. It also offers private banking and NatWest Markets activities. Therefore, NatWest is doing well when the UK economy is doing well. It also works well when interest rates are high.

And, with the UK currently facing significant inflationary pressures, the Bank of England (BOE) is likely to start tightening sooner than expected. If this happens, it could benefit NatWest. Yet the biggest challenge is that the country faces fears of stagflation. This is where inflation rises while economic growth stagnates. The BOE could face challenges raising rates during a period of stagflation.

NatWest Share Price Forecast

The daily chart shows that the NWG share price is in a major uptrend. We also see that the stock has formed an ascending channel which is shown in green. It is also slightly above the 25 and 50 day moving averages. He is also above the Ichimoku cloud.

Therefore, at this point the stock will likely continue to rise as buyers target the next key resistance at 250p. This view will be invalidated if the price falls below the support at 200p. Such a drop means that there are still more sellers in the market.

NatWest share price

About Lillian Coomer

Check Also

Blockchain Trading Card Game Kingdom Hunter Launches This Month On WEMIX PLAY – European Gaming Industry News

Reading time: 2 minutes Kingdom Hunter, the brand new blockchain collectible card game developed by …

Leave a Reply

Your email address will not be published.