Barclays Technical Analysis (NYSE:BCS)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Barclays stock price data and volume are plotted in BCS stock charts and these trading charts form the basis of technical analysis.
See Barclays bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Barclays stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Barclays Moving Average
Moving averages show the average price of BCS stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $9.4 is above the last closing price of $9.1 and the 50 day moving average of $9.74 is above the last closing price of $9.1. The 10 and 20 day periods can predict short term moving average trends.
Barclays Bollinger Bands
Bollinger bands comprise of a center line usually BCS SMA, and two BCS stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context 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 can be used to identify bullish and bearish trends for the stock.
Barclays Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 29.37 is the RSI value of BCS stock.