Barclays: the bounce holds, but the pace slows
Barclays stock slips 3.2%, but the EMA50 rebound keeps the structure intact
Barclays: the bounce holds, but the pace slows
Our view last week
Buyers come back in force on Barclays: buy volume rises to 79%, up from 55% last week, and the price advances, still resting on the double bottom in the 485 area. Barclays stock stays boxed under the wall in the 530 area, which has already turned back two advances. The trade is now above 19% in profit since entry.
This week's summary
Weekly technical analysis on Barclays stock: after last week's decisive return of buyers (79% of volume), the shares give back 3.2% this week and sellers take back the majority of trading, at 57%. In between, a dip into the 492 area was bought straight back, with a 4% rebound off the daily EMA50 keeping the structure intact. The trade's gain eases to +15.35% since entry.
IQS Phase
51
ordinary
Signal Strength
64
medium
Sizing
STANDARD
Ranking
#15 / 61
EU-UK stocks in progress
Trade P&L %
+15.35%
from signal to date, no stop loss
Rank position
ranks 15th among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 64 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.05% · monthly +3.45%
BARC belongs to the european sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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