Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
London Exchange
We assign a technical rating of 10 out of 10 to BARC. Both in the recent history as in the last year, BARC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, BARC also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 333.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 319.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BARC in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
235.13
When analyzing the support we can see 4 important areas.
- A support zone ranging from 319.29 to 319.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @269.08 from a trend line in the weekly time frame.
- Support @249.58 from a trend line in the daily time frame.
- Support @237.50 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 333.21 to 333.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BARC.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BARC.L is up. |
| ChartMill Relative Strength | 93.35 | POSITIVE | BARC.L has a high relative strength, it outperformed 93.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BARC.L is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BARC.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BARC.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.67 | NEUTRAL | The RSI value for BARC.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.05 | NEGATIVE | The MACD value suggests BARC.L has a negative trend. |
| Stochastics (14,3) | 36.26 | NEUTRAL | The Stochastics value for BARC.L is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for BARC.L suggests some volalility. |
| Average Directional Index/ADX (14) | 17.65 | NEGATIVE | The low ADX value for BARC.L suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 333.22 | 319.28 | 13.94 (4.18%) | 23.90% |
| An entry @333.22. This is a Buy Stop order right above the resistance zone. | An exit @319.28. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 13.94 points, which is 4.18%. | When investing 23.90% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.