BARCLAYS PLC

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	BCS
ISIN:

BARCLAYS PLC - 1H - Technical analysis published on 02/20/2024 (GMT)

Londinia

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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

83%

11%

My opinion

Bullish above 8.12 USD

My targets

8.60 USD (+3.49%)

9.08 USD (+9.27%)

My analysis

BARCLAYS PLC is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 8.12 USD. The next resistance located at 8.60 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 9.08 USD. After this resistance, buyers could then target 10.48 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.2

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BARCLAYS PLC rating 8.31 USD. The price has increased by +11.25% since the last closing and was between 8.18 USD and 8.39 USD. This implies that the price is at +1.59% from its lowest and at -0.95% from its highest.

8.18

8.39

8.31

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

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

The study of the highest / lowest by the Central Records scanner shows the following results:

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

Technical analysis of this 1H chart of BARCLAYS PLC indicates that the overall trend is strongly bullish. 89.29% 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 currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

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

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.76	7.95	8.12	8.31	8.60	9.08	10.48
Change (%)	-6.62%	-4.33%	-2.29%	-	+3.49%	+9.27%	+26.11%
Change	-0.55	-0.36	-0.19	-	+0.29	+0.77	+2.17
Level	Major	Minor	Major	-	Minor	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	84.80
MACD (12,26,9):	0.2600
Directional Movement:	50.40
AROON (14):	78.57
DEMA (21):	8.04
Parabolic SAR (0,02-0,02-0,2):	7.80
Elder Ray (13):	0.42
Super Trend (3,10):	7.97
Zig ZAG (10):	8.33
VORTEX (21):	1.1500
Stochastique (14,3,5):	92.14
TEMA (21):	8.25
Williams %R (14):	-6.31
Chande Momentum Oscillator (20):	0.95
Repulse (5,40,3):	0.3500
ROCnROLL:	1
TRIX (15,9):	0.3000
Courbe Coppock:	19.95

MA7:	7.45
MA20:	7.53
MA50:	7.60
MA100:	7.35
MAexp7:	8.11
MAexp20:	7.76
MAexp50:	7.54
MAexp100:	7.50
Price / MA7:	+11.54%
Price / MA20:	+10.36%
Price / MA50:	+9.34%
Price / MA100:	+13.06%
Price / MAexp7:	+2.47%
Price / MAexp20:	+7.09%
Price / MAexp50:	+10.21%
Price / MAexp100:	+10.80%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on BARCLAYS PLC at the time of the generation of this analysis was as follows:

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

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