Barclays PLC Stock Forecast
A very strong day for Barclays PLC stock price on Thursday
(Updated on Apr 25, 2024)
The Barclays PLC stock price gained 7.92% on the last trading day (Thursday, 25th Apr 2024), rising from $9.60 to $10.36. During the last trading day the stock fluctuated 3.06% from a day low at $10.14 to a day high of $10.45. The price has risen in 6 of the last 10 days and is up by 10.68% 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, 13 million more shares were traded than the day before. In total, 32 million shares were bought and sold for approximately $331.69 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $10.40 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 32.21% during the next 3 months and, with a 90% probability hold a price between $12.12 and $13.75 at the end of this 3-month period.
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BCS Signals & Forecast
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 $9.55 and $9.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 15.11%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 $0.310 between high and low, or 3.06%. For the last week, the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: $9.97 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (BCS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Barclays PLC to open at $10.32, and during the day (based on 14 day Average True Range), to move between $10.12 and $10.60, which gives a possible trading interval of +/-$0.241 (+/-2.33%) up or down from last closing price. If Barclays PLC takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $9.42, some $0.94 (9.07%) from the current price of $10.36, our system finds the risk reward attractive.
Is Barclays PLC stock A Buy?
Barclays PLC holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.890 Strong Buy Candidate Upgraded
Predicted Opening Price for Barclays PLC of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $10.32 ( 0.418%) | $10.36 |
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 | 10.63 | 2.57 % | |
| R2 | 10.51 | 1.43 % | ||
| R1 | 10.44 | 0.725 % | ||
| Current price: | 10.36 | |||
| Support | S1 | 10.20 | -1.56 % | |
| S2 | 10.13 | -2.27 % | ||
| S3 | 10.01 | -3.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 10.36 | |||
| Support | S1 | 9.42 | -9.07% | |
| S2 | 9.36 | -9.65% | ||
| S3 | 9.00 | -13.13% |
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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