BARCLAYS PLC

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	BCS
ISIN:

BARCLAYS PLC - Daily - Technical analysis published on 02/20/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

17%

My opinion

Bullish above 8.12 USD

My targets

8.60 USD (+3.49%)

9.08 USD (+9.27%)

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 8.12 USD. The buyers' bullish objective is set at 8.60 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.08 USD. If there is any crossing, the next objective would be the resistance located at 10.48 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

Comment on the analysis

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 8.31 USD. On the day, this instrument gained +11.25% and was traded between 8.18 USD and 8.39 USD over the period. The price is currently at +1.59% from its lowest and -0.95% from its highest.

8.18

8.39

8.31

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BARCLAYS PLC:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this BARCLAYS PLC chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.24	7.76	8.12	8.31	8.60	9.08	10.48
Change (%)	-12.88%	-6.62%	-2.29%	-	+3.49%	+9.27%	+26.11%
Change	-1.07	-0.55	-0.19	-	+0.29	+0.77	+2.17
Level	Major	Major	Major	-	Minor	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.33	7.38	7.43	7.48	7.53	7.58	7.63
Camarilla	7.44	7.45	7.46	7.47	7.48	7.49	7.50
Woodie	7.32	7.38	7.42	7.48	7.52	7.58	7.62
Fibonacci	7.38	7.42	7.45	7.48	7.52	7.55	7.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.71	6.89	7.18	7.36	7.65	7.83	8.12
Camarilla	7.34	7.38	7.43	7.47	7.51	7.56	7.60
Woodie	6.77	6.92	7.24	7.39	7.71	7.86	8.18
Fibonacci	6.89	7.07	7.18	7.36	7.54	7.65	7.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.15	6.65	7.10	7.60	8.05	8.55	9.00
Camarilla	7.28	7.37	7.45	7.54	7.63	7.71	7.80
Woodie	6.12	6.64	7.07	7.59	8.02	8.54	8.97
Fibonacci	6.65	7.02	7.24	7.60	7.97	8.19	8.55

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	68.86
MACD (12,26,9):	0.0100
Directional Movement:	25.11
AROON (14):	28.57
DEMA (21):	7.52
Parabolic SAR (0,02-0,02-0,2):	7.07
Elder Ray (13):	0.76
Super Trend (3,10):	7.55
Zig ZAG (10):	8.31
VORTEX (21):	0.9500
Stochastique (14,3,5):	63.59
TEMA (21):	7.52
Williams %R (14):	-6.82
Chande Momentum Oscillator (20):	0.64
Repulse (5,40,3):	1.2100
ROCnROLL:	1
TRIX (15,9):	-0.0900
Courbe Coppock:	3.16

MA7:	7.45
MA20:	7.53
MA50:	7.60
MA100:	7.35
MAexp7:	7.60
MAexp20:	7.53
MAexp50:	7.50
MAexp100:	7.48
Price / MA7:	+11.54%
Price / MA20:	+10.36%
Price / MA50:	+9.34%
Price / MA100:	+13.06%
Price / MAexp7:	+9.34%
Price / MAexp20:	+10.36%
Price / MAexp50:	+10.80%
Price / MAexp100:	+11.10%

Quotes : - 15 min delayed data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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