Potential buy/long
Barclays plc is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.
During the previous 5 days, Barclays has experienced a significant increase in its stock price, rising by 7.46%. This suggests a bullish momentum in the short term and presents a potential trading opportunity.
Currently, Barclays has a market cap of $27 billion. The previous day's trading volume totaled 9.74 million shares, slightly below the multiday average of...
One of the Uk's 'big four' banks, Barclays bank is looking to make a comeback after being in a corrective phase(or downtrend) for more than a year and a half.
The stock made an impulsive up move from the march 2020 bottom and the same went on till Jan 2022.Since then however the stock entered the 'wave 2' correction and has remained in it for more a year and a...
Barclays (BARC)
Financial Snapshot:
Barclays announced a 16% decrease in profit for the third quarter. This decline was primarily attributed to sluggish revenue growth in its UK retail division and lackluster performance in its investment bank, impacted by a shortage of M&A deals and reduced trading activity. However, Barclays managed to exceed expectations...
Barclays is currently trading within a Descending triangle that is visible on the Multi-Month Timeframes. It has had some wicks below the Demand Line already, but has yet to truly break down.
Whenever it decides to truly break down, there are really no supports below it, so I think it will go and make new all time lows and reach one of the Fibonacci Extensions...
textbook formation
Barclays PLC closed 2022 with a strong performance, accumulating £7 billion of pre-tax profits.
However, BCS stock dropped as much as 8% in the trading session following the bank's Q4 2022 report (London trading reference).
This was due to a higher cost of risk and a drop in fee income at Barclays' investment bank, partially offset a robust...
Barclays - 30d expiry - We look to Sell at 172.38 (stop at 178.52)
175 continues to hold back the bulls.
Broken out of the Head and Shoulders formation to the upside.
The primary trend remains bearish.
Bespoke resistance is located at 173.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Resistance could...
Barclays - 30d expiry - We look to Buy a break of 152.62 (stop at 145.44)
We are trading at oversold extremes.
A bullish reverse Head and Shoulders has formed.
Short term bias has turned positive.
Prices have reacted from 132.06.
A break of the recent high at 152.22 should result in a further move higher.
Our outlook is bullish.
Our profit targets will be...
Barclays - 30d expiry - We look to Buy at 140.42 (stop at 134.98)
Price action continued to range between key support & resistance (140.00 - 175.00) and we expect this to continue.
We are trading at oversold extremes.
Short term momentum is bearish.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Support is...
The PEAD projected a Bullish outlook for $BCS after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
Barclays
Short Term
We look to Sell at 171.28 (stop at 176.42)
Previous resistance located at 170.00. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We look for a temporary move lower. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit...
The PEAD projected a Bearish outlook for $BCS after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
REASONS TO BE BULLISH
Technical - Recently broke out of a 15 year pennant pattern and just retested for support.
Technical - Recently crossed and reclaimed the 50 MA.
Technical - MA 50 looking like it may cross the 100 and 200 in future months.
Technical - RSI is in the bull zone (bouncing off its base).
Technical - A 155p entry was triggered when...
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth...
Historic support at ~130-131, looks like we're in wave 5.
RSI below 30 on the Daily chart.
First target fib. lvl 50% (~175) and wave A will most likely take us to the peak of wave 4 making it a nice 30% trade.
Barclays - Short Term - We look to Buy at 187.74 (stop at 177.66)
Preferred trade is to buy on dips. Previous support located at 190.00. Prices expected to stall near trend line support. Levels close to the 50% pullback level of 187.16 found buyers. The primary trend remains bullish.
Our profit targets will be 219.38 and 227.80
Resistance: 200.00 / 210.00...
