Something bubbling at Barclays?
After a 'fake drop', shares in this major high street lender have just just deposited a multi-year high. Independent analyst Alistair Strang looks at what happens next.
27th October 2025 07:42
by Alistair Strang from Trends and Targets
Barclays (LSE:BARC) appears to be stepping out of its snooze. When we previously reviewed the share three weeks ago, we provided criteria for a potentially fake drop to 359p, our belief being the share was entering a “mess around” phase prior to some upward movement. It feels very like this has happened and now, the share price is knocking the door for party time! Or so we hope.
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Again, three weeks ago, we lauded the potential of what would happen if the Barclays share price managed to close above the level of the Red trend break at 385p. This has now happened and, while the price has failed to close above September's high of 389p, our inclination is to take heart that something may be bubbling under.
It remains the case the sceptic within believes a reduction in the UK interest rates on 6 November shall be the excuse for some proper share price movements, but there’s always the risk the price shall move on the rumour, then retreat on the reality. Obviously, this is a fairly major danger with the markets.
It is now the case that above 389p has the potential to trigger movement to an initial 397p with our secondary, if bettered, at a future 413p. While these target levels are fairly impressive, above 413p opens the door toward a long-term attraction at 505p.
However, if things intend to go wrong with yet another slowdown attempt, below 372p risks promoting reversal to an initial 344p with our secondary, if broken, an eventual 330p. Though such reversal sounds dire, this share needs to now close below 307p to inspire utter panic.
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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