Barclays PLC Stock Forecast
Green day on Friday for Barclays PLC
(Updated on May 03, 2024)
The Barclays PLC stock price gained 0.146% on the last trading day (Friday, 3rd May 2024), rising from $10.25 to $10.27. During the last trading day the stock fluctuated 1.38% from a day low at $10.16 to a day high of $10.30. The price has risen in 6 of the last 10 days and is up by 9.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 20 million shares were bought and sold for approximately $205.44 million.
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 33.59% during the next 3 months and, with a 90% probability hold a price between $12.74 and $14.21 at the end of this 3-month period.
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BCS Signals & Forecast
The Barclays PLC stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $10.30. On a fall, the stock will find some support from the long-term average at approximately $9.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -1.49%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Barclays PLC stock
On the downside, the stock finds support just below today's level from accumulated volume at $9.42 and $9.36. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Barclays PLC finds support just below today's level at $9.42. If this is broken, then the next support from accumulated volume will be at $9.36 and $9.00.
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 $0.140 between high and low, or 1.38%. For the last week, the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: $9.86 (-3.91%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (BCS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Barclays PLC to open at $10.24, and during the day (based on 14 day Average True Range), to move between $10.05 and $10.48, which gives a possible trading interval of +/-$0.213 (+/-2.07%) up or down from last closing price. If Barclays PLC takes out the full calculated possible swing range there will be an estimated 4.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.27 (0.05%) than the support at $9.42 (8.23%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Barclays PLC stock to perform well in the short-term.
Current score: 3.988 Buy Candidate Unchanged
Predicted Opening Price for Barclays PLC of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$10.24 ( 0.260%) | $10.27 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 10.38 | 1.10 % | |
R2 | 10.32 | 0.583 % | ||
R1 | 10.29 | 0.261 % | ||
Current price: | 10.27 | |||
Support | S1 | 10.18 | -0.781 % | |
S2 | 10.15 | -1.10 % | ||
S3 | 10.10 | -1.62 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.42 | 1.51 % | |
R2 | 10.36 | 0.93 % | ||
R1 | 10.27 | 0.0487 % | ||
Current price | 10.27 | |||
Support | S1 | 9.42 | -8.23% | |
S2 | 9.36 | -8.82% | ||
S3 | 9.00 | -12.32% |
BCS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Feb 29, 2024 | $0 | 0% |
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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