Barclays shares provide confident outlook
These shares have spent the past six weeks trading just either side of 300p, so what next? Independent analyst Alistair Strang runs the numbers for his latest forecast.
10th March 2025 07:37
by Alistair Strang from Trends and Targets
When we previously reviewed Barclays (LSE:BARC), we gave closure above 302p as a trigger level, something the share price has achieved repeatedly since our prediction. Thus far, despite a few fake twitches upward, the share price hasn’t achieved any sort of significant surge.
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We’re inclined to take some hope from Lloyds Banking Group (LSE:LLOY) and NatWest Group (LSE:NWG) lunging upward, perhaps giving Barclays an indication of direction.
Share price movements over the last few weeks have certainly managed to provide a fairly confident outlook. Above 313p now calculates as capable of a visit to a confident looking 332p next, a point where some slight hesitation feels possible.
Our longer-term secondary, if such a level is bettered, now works out at 359p, a number which should be a stepping stone on a winding path to an eventual major target of 407p. Generally, we anticipate shares which jam themselves into a holding pattern such as Barclays for the last couple of months, shall eventually break free, moving upward quite rapidly.
If things intend to go wrong, below 287p would ring alarm bells, risking promoting reversal down to an initial 273p with our secondary, if broken, at 257p and a very possible bounce.
Source: Trends and Targets. Past performance is not a guide to future performance.
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.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.Â
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