BARCLAYS PLC - 1H - Technical analysis published on 12/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 7.66 USD
My targets
8.01 USD (+3.35%)
8.60 USD (+10.97%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BARCLAYS PLC as long as the price remains well above 7.66 USD. The buyers' bullish objective is set at 8.01 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.60 USD. If there is any crossing, the next objective would be the resistance located at 9.08 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
The BARCLAYS PLC rating is 7.75 USD. On the day, this instrument gained +1.71% with the lowest point at 7.75 USD and the highest point at 7.81 USD. The deviation from the price is 0% for the low point and -0.77% for the high point.7.75
7.81
7.75
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BARCLAYS PLC chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.32 | 7.46 | 7.66 | 7.75 | 8.01 | 8.60 | 9.08 |
| Change (%) | -5.55% | -3.74% | -1.16% | - | +3.35% | +10.97% | +17.16% |
| Change | -0.43 | -0.29 | -0.09 | - | +0.26 | +0.85 | +1.33 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.55 | 7.58 | 7.60 | 7.63 | 7.65 | 7.68 | 7.70 |
| Camarilla | 7.61 | 7.61 | 7.62 | 7.62 | 7.63 | 7.63 | 7.63 |
| Woodie | 7.55 | 7.58 | 7.60 | 7.63 | 7.65 | 7.68 | 7.70 |
| Fibonacci | 7.58 | 7.60 | 7.61 | 7.63 | 7.65 | 7.66 | 7.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.33 | 6.74 | 7.11 | 7.52 | 7.89 | 8.30 | 8.67 |
| Camarilla | 7.27 | 7.34 | 7.41 | 7.48 | 7.55 | 7.62 | 7.70 |
| Woodie | 6.31 | 6.73 | 7.09 | 7.51 | 7.87 | 8.29 | 8.65 |
| Fibonacci | 6.74 | 7.04 | 7.22 | 7.52 | 7.82 | 8.00 | 8.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.56 | 5.91 | 6.57 | 6.92 | 7.58 | 7.93 | 8.59 |
| Camarilla | 6.94 | 7.04 | 7.13 | 7.22 | 7.31 | 7.41 | 7.50 |
| Woodie | 5.71 | 5.99 | 6.72 | 7.00 | 7.73 | 8.01 | 8.74 |
| Fibonacci | 5.91 | 6.30 | 6.54 | 6.92 | 7.31 | 7.55 | 7.93 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 70.43 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 30.73 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 7.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.46 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 7.61 | |
| Zig ZAG (10): | 7.80 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 88.21 | |
| TEMA (21): | 7.67 | |
| Williams %R (14): | -5.00 | |
| Chande Momentum Oscillator (20): | 0.29 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 3.85 |
| MA7: | 7.55 | |
| MA20: | 7.31 | |
| MA50: | 7.07 | |
| MA100: | 7.33 | |
| MAexp7: | 7.66 | |
| MAexp20: | 7.59 | |
| MAexp50: | 7.49 | |
| MAexp100: | 7.36 | |
| Price / MA7: | +2.65% | |
| Price / MA20: | +6.02% | |
| Price / MA50: | +9.62% | |
| Price / MA100: | +5.73% | |
| Price / MAexp7: | +1.17% | |
| Price / MAexp20: | +2.11% | |
| Price / MAexp50: | +3.47% | |
| Price / MAexp100: | +5.30% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on BARCLAYS PLC. At the time of publication of this analysis, the latest news was as follows:
- INVESTOR DEADLINE NOTICE: The Schall Law Firm Encourages Investors in Barclays PLC with Losses of $100,000 to Contact the Firm
- INVESTOR ACTION ALERT: The Schall Law Firm Encourages Investors in Barclays PLC With Losses of $100,000 to Contact the Firm
- SHAREHOLDER DEADLINE NOTICE: The Schall Law Firm Encourages Investors in Barclays PLC With Losses of $100,000 to Contact the Firm
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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