- Summary:
- NEXT plc hits record highs after Goldman Sachs upgrades the stock to 'Buy'. Can NXT extend gains beyond £12,000 or is a pullback ahead?
NEXT plc (LSE: NXT) shares surged to £119.10, extending their impressive April rally after Goldman Sachs upgraded the stock to a “Buy”, citing major international expansion opportunities. The UK-based clothing and homeware retailer is drawing bullish attention as it outpaces peers and breaks into uncharted territory on the chart.
Investor sentiment is further buoyed by resilient UK consumer spending data and NEXT’s strong digital performance across international markets. But with RSI levels nearing overbought and a steep multi-day run already priced in, is the stock due for a cooldown?
NEXT plc Price Action: Bull Run Enters Overstretched Territory
NEXT has rallied over 10% in less than two weeks, breaking above all prior resistance levels. The current uptrend shows no major sign of exhaustion, but caution is warranted as momentum indicators heat up.
The price is now firmly above its March breakout zone and sits in price discovery mode — where no historical ceiling is present.
NXT Technical Analysis – April 2025
- Current Price: £11,910
- Next Psychological Resistance: £12,000 – Round-number level
- Support Zone 1: £11,200 – Last breakout area
- Support Zone 2: £10,800 – Mid-March highs
Final Outlook: NEXT Is a Leader, But Bulls Should Watch for Pullbacks
NEXT’s breakout is fundamentally backed by a positive outlook from Goldman Sachs and a strong retail strategy, especially in international markets. However, with RSI above 70, traders should prepare for short-term volatility or profit-taking.
As long as price holds above £11,200, the uptrend remains intact. A close below that may trigger a retest of lower support near £10,800. For now, bulls are in full control — but timing new entries will be key.