Ongoing decline · week 6 · earnings on October 22
Barclays drops 3.2%: turned back at the 50-week average, fresh 90-day low
Our view last week
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.
This week's summary
Barclays tried to reclaim its 50-week average, was turned back and closed the week down 3.2%, after setting a fresh 90-day low. A week ago Barclays stock had lost that average; now the attempt to get back above it has failed. The technical analysis points to a decline gaining conviction: money flow weakening for 5 weeks, ADX rising. Price action still shows distribution on this swing trading setup among European stocks, with earnings on October 22 now 2 weeks away.
IQS Phase
69
in tension
Signal Strength
56
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#18 / 93
EU-UK stocks
Trade P&L %
+13.49%
from signal to date, no stop loss
Barclays (BARC) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 18th among the 93 sell signals for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimeweak phase
Performanceweekly -2.32% · monthly -7.57%
BARC belongs to the european sector (reference ETF EXV1). The sector is classified weak phase according to our weekly reading.
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