BARCLAYS PLC-SPONS ADR (BCS) Stock Technical Analysis
NYSE:BCS - US06738E2046 - ADR
20.47 USD
+0.25 (+1.24%)
19.95 USD
-0.52 (-2.54%)
We assign a technical rating of 10 out of 10 to BCS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BCS is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that BCS is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by BCS over the past year are nicely spread over this period.
BCS is one of the better performing stocks in the Banks industry, it outperforms 97% of 393 stocks in the same industry.
BCS is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
BCS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
BCS has an average volume of 15779400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BCS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 20.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.32, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BCS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
12.56
20.76
6 important support areas can be observed.
- A support zone ranging from 20.31 to 20.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 18.85 to 19.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.12 from a trend line in the weekly time frame.
- Support @14.48 from a trend line in the weekly time frame.
- Support @12.96 from a horizontal line in the daily time frame.
- Support @12.69 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.48 to 20.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BCS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCS is up. |
| ChartMill Relative Strength | 90.53 | POSITIVE | BCS has a high relative strength, it outperformed 90.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BCS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BCS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BCS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.68 | NEUTRAL | The RSI value for BCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BCS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.75 | OVERBOUGHT | The high Stochastics value suggests BCS may be overbought. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for BCS suggests low volalility. |
| Average Directional Index/ADX (14) | 25 | POSITIVE | The high ADX value value for BCS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.56 | 20.30 | 0.26 (1.26%) | 25.00% |
| An entry @20.56. This is a Buy Stop order right above the resistance zone. | An exit @20.30. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.26 points, which is 1.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.32%. |
- The distance between exit and entry is rather small compared to the average daily movement of BCS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
20.47
+0.25 (+1.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.24%
1 Week0.99%
2 Weeks2.66%
1 Month4.33%
3 Month15.98%
6 Month34.85%
12 Month67.51%
2 Year172.57%
3 Year162.77%
5 Year251.72%
10 Year28.34%
15 Year10.47%
Volatility
ATR(14)0.29
ATR(20)%1.68%
ATR Inc-16.3%
Range Today0.29
ADR(20)0.29
ADR(20)%1.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.53
Mansfield2.28
10 Day High20.58
10 Day Low19.89
20 Day High20.58
20 Day Low18.79
52 Week High20.58
52 Week Low11.22
CS1 End20.32
CR1 Start20.48
Volume & EV
DER(3)8.44%
DER(5)6.42%
Volume8.05M
Volume Incr-42.76%
Vol(5)9.18M
Vol(50)15.78M