Sell signal · week 5 · European-UK stocks
Barclays drops 4.4% and loses its 200-day and 50-week averages in a single week
Our view last week
Barclays held on its 200-day average, the support it was resting on a week ago, and closed the week up 0.4%. The bounce is timid: sellers still lead the weekly bar, money flow stays below zero and the weekly MACD has sat under its Signal line for 5 weeks. For Barclays stock the sell signal is losing steam, and the technical analysis shows a stock boxed in between the 463 area and the 472 area.
This week's summary
Barclays loses 4.4% and in a single week closes below its 200-day average, which had held a week ago, and below its 50-week average. For Barclays stock, the technical analysis shows a decline picking up pace again: money flow has weakened for 4 straight weeks, the weekly RSI is down to 40.7 and the ADX is rising. Price action still points to distribution on this swing trading setup; earnings are due on October 22.
IQS Phase
60
ordinary
Signal Strength
32
decline starting to make lower lows
Sizing
REDUCED
Ranking
#43 / 89
EU-UK stocks
Trade P&L %
+10.67%
from signal to date, no stop loss
Barclays (BARC) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 43rd among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 32 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimeweak phase
Performanceweekly -4.91% · monthly -4.92%
BARC belongs to the european sector (reference ETF EXV1). The sector is classified weak phase according to our weekly reading.
restricted Platinum content