Barclays Price: BARC Faces Rejections, Following a Long-Term Rallying Force

PUBLISHED: 31 Mar 2025 @ 13:55 | Comments (0) | More info about Azeez Mustapha

Since around October of last year’s sessions, an upsurge surfaced across the trend lines of the moving average indicators at around 220, traveling now to reach some points higher than 300 in the stock operations of Barclays Plc (LSE:BARC) has now been seen facing rejections below the resistances of 320.

With market conditions persistently weakening below the 320 trade barrier, it appears that BARC Plc bulls may be exhausting their upward momentum, particularly if the current pattern remains intact over an extended period. Given this outlook, traders could gain a strategic advantage by closely monitoring the oscillators’ repositioning within the overbought zone before considering the execution of short positions.

Resistance Levels: 320, 330, 340
Support Levels: 280, 270, 260

Which trade zone remains valid in the wake of getting a buy, having EMAs in a northward-positioning form in line with the activities of BARC Plc?

The key bargaining arena to genuinely keep a decent purchasing entry has been seen around the support of 280, given that the Barclays Plc stock price now faces rejections following a long-term rallying force.

At the time of this analysis, the stochastic oscillators are exhibiting a southbound crossover from the overbought region, with a trajectory toward the 40 level. Given this movement pattern in the oscillators, traders are advised to exercise patience and closely monitor price action to assess whether a further decline toward the 280 level materializes before making strategic decisions. The 15-day EMA is positioned above the 50-day EMA, exhibiting a northward inclination. A confirmed southward crossover between these EMAs at a critical juncture could serve as a strong technical signal for a potential trend reversal.

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