The Natwest share price got a major boost on Thursday after investors responded positively to the launch of a new housing app by the bank. The new “Housemate” app is designed to help those sharing accommodation to split their bills. Additionally, the platform can also help users to build up their credit history.
The app was created as a response to answers received from a survey of 1500 UK residents, in which roughly 50% identified bill-sharing as one of the major headaches of living with other housemates. Those housemates who owe bills are given the option of paying their share using Natwest’s Open Banking platform.
Investors applauded the development and snapped up the bank’s shares, allowing it to hit the number 3 spot on the gainers’ chart of the FTSE100 index with a gain of 1.41%
Natwest Share Price Prediction
Natwest share price appears set to test the 220.0 resistance level. If the bulls carry the momentum for a longer period, we could see a break of this resistance, bringing 228.3 into the picture as a potential new target. This would take the Natwest share price to 18-month highs, and also allow for a potential run towards 233.6.
This bullish Natwest share price outlook is only invalidated if the Natwest share price is rejected at the 220.0 resistance. The accompanying pullback targets 214.5, with 210.0 and 200.6 forming additional downside targets.