Barclays PLC Stock Forecast
Barclays PLC stock price up 0.281% on Friday
(Updated on Jun 28, 2024)
The Barclays PLC stock price gained 0.281% on the last trading day (Friday, 28th Jun 2024), rising from $10.68 to $10.71. During the last trading day the stock fluctuated 0.84% from a day low at $10.64 to a day high of $10.73. The price has been going up and down for this period, and there has been a 1.04% gain for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 10 million shares were bought and sold for approximately $103.41 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.55% during the next 3 months and, with a 90% probability hold a price between $12.11 and $13.87 at the end of this 3-month period.
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BCS Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Barclays PLC stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.88. On a fall, the stock will find some support from the short-term average at $10.60. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -6.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Barclays PLC stock
Barclays PLC finds support from accumulated volume at $10.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0899 between high and low, or 0.84%. For the last week, the stock has had daily average volatility of 0.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BCS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Barclays PLC to open at $10.69, and during the day (based on 14 day Average True Range), to move between $10.51 and $10.91, which gives a possible trading interval of +/-$0.205 (+/-1.91%) up or down from last closing price. If Barclays PLC takes out the full calculated possible swing range there will be an estimated 3.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.72 (0.09%) than the support at $10.36 (3.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Barclays PLC stock A Buy?
The Barclays PLC stock holds several negative signals and despite the positive trend, we believe Barclays PLC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.737 Sell Candidate Unchanged
Predicted Opening Price for Barclays PLC of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $10.69 ( 0.156%) | $10.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.78 | 0.683% |
| R2 | 10.75 | 0.363% |
| R1 | 10.73 | 0.165% |
| Price | 10.71 | |
| S1 | 10.66 | -0.477% |
| S2 | 10.64 | -0.675% |
| S3 | 10.60 | -1.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.94 | 2.15% |
| R2 | 10.84 | 1.21% |
| R1 | 10.72 | 0.0934% |
| Price | 10.71 | |
| S1 | 10.36 | -3.27% |
| S2 | 9.71 | -9.34% |
| S3 | 9.42 | -12.04% |
BCS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Feb 29, 2024 | Apr 03, 2024 | $0.267 | 2.77% |
| 2 | Jul 27, 2023 | Aug 10, 2023 | Sep 15, 2023 | $0.140 | 1.75% |
| 3 | Feb 15, 2023 | Feb 23, 2023 | Mar 31, 2023 | $0.244 | 3.39% |
| 4 | Jul 29, 2022 | Aug 11, 2022 | Sep 16, 2022 | $0.108 | 1.36% |
| 5 | Feb 24, 2022 | Mar 03, 2022 | Apr 05, 2022 | $0.217 | 2.80% |
FAQ
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