United

Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>BCS stock showed an inclining move in the last sessions.</a> </li> 
 <li> <span>2</span> <a>Buyers are keen to grab the double-digit spot of $10.</a> </li> 
</ul> 
<p>Barclays PLC (BCS stock) price showed a range breakout and is trading above the key moving averages in the past sessions. Recently, BCS stock escaped the consolidation range and surpassed the neckline of $8.00, leading sellers in trouble, and a short covering move led to a breakout beyond the key hurdle of $8.20. Moreover, the charts showed that a gap was yet to be filled near $9.00, which buyers are trying to retest.</p> 
<p>The chart showcased buyers’ dominance and indicated a positive outlook for the upcoming sessions. BCS stock is now ready to go above the barriers, and the trajectory suggests the upcoming targets of $9.00, followed by $9.20 for the forthcoming sessions.</p> 
<p>Barclays Plc. operates as a bank holding company, which provides retail banking, credit cards, corporate and investment banking, and wealth management services. The firm operates through Barclays UK and Barclays International segments. The Barclays UK segment consists of the UK retail banking operations, UK consumer credit card business, UK wealth management business, and corporate banking for small businesses.&nbsp;</p> 
<p>The Barclays International segment includes corporate banking franchise, investment bank, U.S. and international cards business, and wealth management. Barclays was founded in 1690 and is headquartered in London, the United Kingdom.</p> 
<p>At press time, BCS stock was trading at $8.60 with an intraday gain of 2.14% showing bullishness on the charts. Moreover, the trading volume increased by 1.23% to 8.443 Million. The market cap is $32.999 Billion. However, the analysts maintained a buy rating and remained overweight with a yearly target price of $11.96.</p> 
<h2 class="wp-block-heading" id="strong-daily-charts-shows-buying-projections-strong"><strong>Daily Charts Shows Buying Projections</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/IGRe5dUvU4aQmOj5ByaSnfgeH20ZnJEqcswIMQpQ0rCXQ4Z_qx1m3-jCCgIYRiuviPRBAROwJxAWpojy4v2FISY8g52H8-v4XTnIBojJdXsLBKRJoZaJVyhDpQp-a96aaP91NQ7CexxkrlHKuVGgJl0" alt="Barclays PLC (BCS Stock) Escaped the Range, Will it Touch $10?"> 
  <figcaption class="wp-element-caption">
    Source: BCS Stock Price Chart At TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, <a href="https://www.thecoinrepublic.com/2021/07/06/barclays-bank-stops-card-payment-facilities-of-consumers-on-binance-platform/" target="_blank" rel="noopener noreferrer nofollow">BCS stock price</a> showed a double bottom pattern and escaped the consolidation phase above the neckline of $8.00, showing buyers’ dominance and growth outlook for the upcoming sessions.</p> 
<p>As per the Fib levels, BCS stock entered into bullish territory and is heading to retest the immediate hurdle of $9.00. Moreover, the technical parameters suggest a follow on buying and rise in the near future. However, the sellers tried their best to force bulls, but the mighty bulls did not impact and continued accumulating post-range breakout.</p> 
<h2 class="wp-block-heading" id="strong-short-term-charts-shows-bounce-from-20-day-ema-strong"><strong>Short Term Charts Shows Bounce From 20 day EMA</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/lMhThEtHWVQbxCPJR9g_AcRWHdiF6UeN2EHX_y0Q1_dinh7uSVOzy5-zLmy3AjHlRNREAnX-DRqmQwwtxDURkFBHlOH1fjt5r9bjxtoDzrhxWF-yS5Rnz04ifp8M9kybVzCmHiFoMqdi9ZcwGCBJp5Y" alt="Barclays PLC (BCS Stock) Escaped the Range, Will it Touch $10?"> 
  <figcaption class="wp-element-caption">
    Source: BCS Stock Price Chart At TradingView 
  </figcaption> 
 </figure> 
</div> 
<p><a href="https://www.thecoinrepublic.com/2021/07/06/barclays-bank-stops-card-payment-facilities-of-consumers-on-binance-platform/" target="_blank" rel="noopener noreferrer nofollow">BCS stock</a> on the 4-hour charts showed a bounce from the 20-day EMA. However, Q2 earnings results were released in the last session, after which the price chart showed a gap-down move. However, the bulls managed to make gains and ended in the green. Although the trend is strong, sellers continued to make short positions, preferring the sink for the following sessions.</p> 
<p>The RSI curve slipped from the overbought zone and is headed toward the selling region forming a negative crossover in the last session.</p> 
<p>The MACD indicator showed a bearish crossover, and the red bars on the histogram indicate profit booking, a mild negative cue for the bulls.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Barclays PLC (BCS stock) showed a range breakout from the consolidation phase and trading above the key MA, indicating that the stock is ready to catch the higher ranges for the following sessions. Moreover, the buyers are preparing to extend the uptrend.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<p>Support Levels: $740</p> 
<p>Resistance Levels:$760 and $790</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Barclays PLC (BCS Stock) Escaped the Range, Will it Touch $10?

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