Barclays plc Stock Forecast
Red day on Wednesday for Barclays plc stock after losing 0.572%
(Updated on Apr 24, 2024)
The Barclays plc stock price fell by -0.572% on the last day (Wednesday, 24th Apr 2024) from £192.24 to £191.14. During the last trading day the stock fluctuated 1.69% from a day low at £190.24 to a day high of £193.46. The price has risen in 6 of the last 10 days and is up by 0.88% over the past 2 weeks. Volume has increased on the last day by 43 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 127 million shares were bought and sold for approximately £24.35 billion.
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 34.90% during the next 3 months and, with a 90% probability hold a price between £245.61 and £274.34 at the end of this 3-month period.
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BARC.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -1.06%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Barclays plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £185.83 and £181.63. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Barclays plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £180.78 and £173.80. 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 £180.78. If this is broken, then the next support from accumulated volume will be at £173.80 and £161.80.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £3.22 (1.69%) between high and low. For the last week, the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: £184.97 (-3.23%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (BARC.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Barclays plc to open at £191.61, and during the day (based on 14 day Average True Range), to move between £186.87 and £195.41, which gives a possible trading interval of +/-£4.27 (+/-2.23%) up or down from last closing price. If Barclays plc takes out the full calculated possible swing range there will be an estimated 4.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £192.24 (0.58%) than the support at £180.78 (5.42%), 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.
Earnings coming up
Barclays plc will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $9.16. We will update the financials statements for Barclays plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.56% in the first trading day after earnings release.
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: 1.070 Buy Candidate Unchanged
Predicted Opening Price for Barclays plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £191.61 ( 0.248%) | £191.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BARC.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 194.83 | 1.93 % | |
| R2 | 193.60 | 1.29 % | ||
| R1 | 192.84 | 0.89 % | ||
| Current price: | 191.14 | |||
| Support | S1 | 190.38 | -0.396 % | |
| S2 | 189.62 | -0.793 % | ||
| S3 | 188.39 | -1.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 193.18 | 1.07 % | |
| R2 | 193.16 | 1.06 % | ||
| R1 | 192.24 | 0.575 % | ||
| Current price | 191.14 | |||
| Support | S1 | 180.78 | -5.42% | |
| S2 | 173.80 | -9.07% | ||
| S3 | 161.80 | -15.35% |
BARC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Apr 03, 2024 | £5.30 | 2.81% |
| 2 | Feb 15, 2023 | Feb 23, 2023 | Mar 31, 2023 | £5.00 | 3.43% |
| 3 | Jul 28, 2022 | Aug 11, 2022 | Sep 16, 2022 | £2.25 | 1.31% |
| 4 | Feb 23, 2022 | Mar 03, 2022 | Apr 05, 2022 | £4.00 | 2.72% |
| 5 | Jul 28, 2021 | Aug 12, 2021 | Sep 17, 2021 | £2.00 | 1.09% |
FAQ
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