Barclays shares: will the lender leave this ‘safe harbour’?
Independent analyst Alistair Strang considers the bank’s 19-year trend line shuffle and the potential for a breakaway move.
14th September 2026 09:27
by Alistair Strang from Trends and Targets
Barclays (LSE:BARC) shares are certainly showing considerable cool, despite the pressure of the blue downtrend since 2007, a trend line which has no business in effecting share prices, aside from the fact that it clearly is.
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The most recent three weeks has seen Barclays share price adhere to the blue line as if it were important. This is proving a little confusing as the chart extract below highlights.
Source: Trends and Targets. Past performance is not a guide to future performance.
This 19-year trend line shuffle is a bit mad but, if we apply our conventional criteria, it’s apparently the case where future weakness below 484p now risks triggering reversal to an initial 475p with our secondary, if broken, a potential bottom of 453p. Hopefully achieving such a level will also prove capable of generating a bounce.
But on a brighter note, above 500p should now trigger gains to an initial 512p with our secondary, if exceeded, calculating at a future 525p and almost certain hesitation.
Things will only become exciting in the event the share closes above 525p, strongly suggesting that a breakaway from the “safe” harbour of the blue trend line has commenced with a future ambition at 564p.
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.
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