Barclays plc Stock Forecast
Barclays plc stock price ended at £189.18 on Monday, after gaining 1.80%.
(Updated on Apr 22, 2024)
The Barclays plc stock price gained 1.80% on the last trading day (Monday, 22nd Apr 2024), rising from £185.84 to £189.18. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.71% from a day low at £186.84 to a day high of £190.04. The price has risen in 6 of the last 10 days but is still down by -2.07% for this period. Volume fell on the last day by -17 million shares and in total, 39 million shares were bought and sold for approximately £7.43 billion. 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 34.91% during the next 3 months and, with a 90% probability hold a price between £242.86 and £271.96 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 -2.07%. 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). 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 £183.35 and £180.38. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for Barclays plc stock
Barclays plc finds support from accumulated volume at £180.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £3.20 (1.71%) between high and low. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: £182.04 (-3.77%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (BARC.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Barclays plc to open at £188.69, and during the day (based on 14 day Average True Range), to move between £184.84 and £193.52, which gives a possible trading interval of +/-£4.34 (+/-2.29%) up or down from last closing price. If Barclays plc takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £189.48 (0.16%) than the support at £180.78 (4.44%), 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: 3.508 Buy Candidate Unchanged
Predicted Opening Price for Barclays plc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £188.69 ( 0.261%) | £189.18 |
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 | 191.89 | 1.43 % | |
| R2 | 190.66 | 0.785 % | ||
| R1 | 189.91 | 0.385 % | ||
| Current price: | 189.18 | |||
| Support | S1 | 187.46 | -0.91 % | |
| S2 | 186.71 | -1.31 % | ||
| S3 | 185.49 | -1.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 193.16 | 2.10 % | |
| R2 | 189.74 | 0.296 % | ||
| R1 | 189.48 | 0.159 % | ||
| Current price | 189.18 | |||
| Support | S1 | 180.78 | -4.44% | |
| S2 | 173.80 | -8.13% | ||
| S3 | 161.80 | -14.47% |
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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