NatWest Group PLC

NWG remains in a Stage 2 advancing regime with bullish biases across all horizons, underpinned by a high-confidence momentum breakout. Price is holding above rising 9EMA and 20EMA following a slight pullback, offering a favorable entry near dynamic support. Volume expansion on up-moves and relative strength leadership support continued upside, while overbought context remains manageable for now.

• ↑Customer lending rose 6.6% YoY to £400 bn; deposits up 2.6% to £445 bn
• ↑Dividend yield 4.9% and £1.5 bn in buybacks underscore strong cash returns
• ↓Mortgage spreads below 70 bps squeeze net interest margins