Barclays shares and a very long-term trend
The price has pulled back from recent peaks, but independent analyst Alistair Strang may have spotted a glimmer of hope.
24th August 2026 07:22
by Alistair Strang from Trends and Targets
Barclays (LSE:BARC)' share price continues its adherence to “will I stay or will I go!”. There's a rigid fascination with the blue downtrend since 2007, a 19-year trend which shouldn’t be affecting the share price but, as the chart inserts show, it does.
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The insert showing closing prices is the problem one. Barclays' share price has now closed – very slightly – below the trend line from 2007. Our software calculates the line is currently at 492p and it looks like the market noticed the unwanted initiative, taking the share up to a closing price of 492.6p.
It’s always faintly reassuring when this sort of thing happens, hinting at a desire by the market to avoid descent into chaos. Unfortunately, the situation now suggests weakness below 484.85p threatens reversal still to 453p with our secondary, if broken, at 420p.
However, the little blip returning the share price above the blue trend gives 0.6p worth of considerable hope. It may not mean much, but it’s fascinating how often silly little signals like this become relevant.
If things intend to perform in accordance with this “0.6p of hope”, the immediate situation suggests above 518p should make an attempt at a lift to an initial 539p with our secondary, if exceeded, at an astounding 686p.
Interesting times ahead, we think.
Source: Trends and Targets. Past performance is not a guide to future performance. Important: Trends and Targets charts only incorporate official share count consolidations, ignoring rights issues where investors have a choice as to whether to participate.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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