BARC.L Forecast and Technical Stock Analysis
Hold candidate since 2019-08-16
Barclays plc gained 1.46% in the last trading day ( Friday, 16th Aug 2019 ), rising from $1.37 to $1.39 During the day the stock fluctuated 2.19% from a day low at $1.37 to a day high of $1.40. The price has fallen in 6 of the last 10 days and is down by -9.15% for this period. Volume fell in the last day by -4.10 million shares and in total, 40.60 million shares bought and sold for approximately $56.43 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the BARC.L stock price was $1.61 and low was $1.36.
- 90 day high was $1.61 and low was $1.36.
- 52 week high for Barclays plc - $177.80 and low - $1.36.
Barclays plc lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $1.37 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.58% during the next 3 months and, with 90% probability hold a price between $1.33 and $1.55 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. 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. Barclays plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $1.41 and $1.52. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 80 ]
RSI14 is 11 and the stock is extremely oversold on RSI14 and is now having a minor correction up. Further gains in the short-term can be expected, and some stocks will provide a very good short-term return from this kind of RSI position unless there is a fundamental risk for bankruptcy or other issues that may affect the stock negatively.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Barclays plc finds support from accumulated volume at $1.38.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.03 between high and low, or 2.19%. For the last week, the stock has had a daily average volatility of 2.17%.
Barclays plc is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buying opportunity.
Our recommended stop-loss: $1.30 (-6.34%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 11 which reduces the risk some. There is a buy signal from pivot bottom found 1 days ago.)
2.17 %Average volatility
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Barclays plc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!