BARCLAYS PLC-SPONS ADR (BCS)       7.695  -0.11 (-1.47%)

7.695  -0.11 (-1.47%)

US06738E2046 - ADR

Technical Rating

6

We assign a technical rating of 6 out of 10 to BCS. BCS has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.



The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BCS has a been trading in the 6.66 - 7.84 range, which is quite wide. It is currently trading near the high of this range.
BCS has an average volume of 9451290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, BCS turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
Considerably lower volume is observed in the last couple of days.
BCS is one of the lesser performing stocks in the Banks industry. 78% of 322 stocks in the same industry do better.
BCS is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 11.73% 1.43% -10.64% -21.74% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 47.66 5.885 - 12.2
BCS Weekly chart
BCS Daily chart

Support/Resistance Analysis


6.66

8.83
2 important support areas can be observed.
  • A support zone ranging from 7.32 to 7.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @6.73 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
  • Resistance @7.82 from a horizontal line in the daily time frame.
  • Resistance @8.04 from a trend line in the daily time frame.
  • Resistance @8.58 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 8.74 to 8.74. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

Although the technical rating is only medium, BCS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.39, 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.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
7.837.380.46 (5.81%)17.21%
An entry @7.83. This is a Buy Stop order right above the resistance zone.An exit @7.38. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.46 points, which is 5.81%.When investing 17.21% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
BCS Daily chart

BARCLAYS PLC-SPONS ADR7.695

NYSE:BCS (11/28/2022, 11:12:45 AM)-0.11 (-1.47%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today -1.47% 1 Week 3.58%
2 Weeks 4.13% 1 Month 11.73%
3 Month 1.43% 6 Month -10.64%
Volatility
ATR(14) 0.16 ATR(20)% 2.33%
ATR Inc -25.02% Range Today 0.13
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 47.66 Mansfield -0.41
10 Day High 7.84 10 Day Low 7.39
20 Day High 7.84 20 Day Low 6.66
52 Week High 12.2 52 Week Low 5.89
CS1 End 7.39 CR1 Start 7.82
Volume & EV
DER(3) 5.41% DER(5) 3.75%
Volume 2.45M Volume Incr -46.94%
Vol(5) 4.11M Vol(50) 9.45M

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