Why Barclays shares are looking so good
Among the best performing bank stocks in recent times, independent analyst Alistair Strang likes this high street lender that recently broke above a long-term downtrend.
1st June 2026 07:45
by Alistair Strang from Trends and Targets
For various reasons, we’re inclined toward optimism for Barclays.
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Perhaps importantly, the share price is now trading solidly above 445p, the level at which it broke through the immediate blue downtrend. From our conventional arguments, this now suggests a “sure thing”, where movement above 463.5p should propel the share price to an initial 488p with our longer-term secondary, if bettered, at 499p and the visible threat of some hesitation.
Adding flammable chemicals to this fire is the red uptrend, one which implies movement above just 443p should be taken seriously as a sign some strong recovery should be planned for.
This argument is a little more insane than the one in the preceding paragraph, suggesting a cycle to an initial 528p has become possible, maybe even a fruitcake factory 584p. We fear this red Line theory relies a little heavily on President Trump making the world a better place!
As always, we need to supply our negative scenario, one which we actually doubt as the market 'wants' to go up. But below just 440p would apparently be a bad thing, allowing reversal to an initial 388p with our secondary, if broken, at 362p. And hopefully a bounce.
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.
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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