Barclays Technical Analysis (NYSE:BCS)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Barclays stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the BCS stock chart which creates a trading signal.
See Barclays bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Barclays stock analysis.
Barclays Moving Average:
Moving averages show the BCS stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $10.75 is above the last closing price of $10.28 and the 50 day moving average of $10.63 is above the $10.28 price. The 10 and 20 day periods can predict short term moving average trends.
Barclays Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Barclays stock price relative to previous trades. Currently the stock price of $10.28 is in the upper range of Barclays bollinger bands.
Barclays Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Barclays MACD indicator is below 0 indicating a bearish trend.
Barclays Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of BCS stock is 19.35. .