This is a big deal for Barclays shares
Up almost 50% in the past 12 months, there's potential for the high street lender to go higher if it reaches this important trigger level. Independent analyst Alistair Strang shares his latest forecast.
2nd June 2025 07:43
by Alistair Strang from Trends and Targets
Barclays (LSE:BARC)' share price needs lots and lots of patience as it’s refusing to move with any strength.
When we previously reviewed Barclays, we’d privately calculated the share price closing above 333p as being important. Arrogantly, we failed to mention this trigger level as closure above 316p should have been inevitable. When it closed on 13 May, this trigger level was engaged and the price – utterly uselessly – surged to 331p and has done very little since, it being hard to ignore the price remained below our private 333p trigger level.
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This was a big deal, something we should have mentioned but retained as a “secret”, thinking it would simply confirm our logic. Unfortunately, since 13 May the share price has carefully remained below our 333p level, almost as if the market itself knows a nudge above such a point should drive the share price a little crazy. From our perspective, this is probably quite a big deal, the market essentially confirming where our important trigger levels are.
Share price closure above 333p now calculates with an expectation of movement to an initial 352p with our secondary, if beaten, a longer-term 394p. This is a really big deal, dumping the share price into a zone where a long-term 600p has become viable.
If things intend to go horribly wrong, the share price needs to close below 311p as reversal to an eventual “bottom” of 200p is expected.
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.
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