Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>Barclays PLC share price lost more than 14% through the month.&nbsp;</a></li>
 <li><span>2</span> <a>Market capitalization declined over 22% till the Q3 2023.&nbsp;&nbsp;</a></li>
 <li><span>3</span> <a>The reported EPS of the company was 12.33% greater than the estimates.</a></li>
</ul>
<p>BARC share price has been declining over the past few months as it lost 14.37% in a month and 11.51% in a quarter. The annual price target of Barclays PLC ORD share is 213.00 GBX.</p>
<h2 class="wp-block-heading" id="strong-barc-share-price-analysis-strong"><strong>BARC Share Price Analysis</strong></h2>
<p>In the 52 weeks time frame, BARC share price peaked at 193.18 GBX and its lowest price was 128.12. However on October 1st, 2023, the trading range was $129.64 to 133.32 GBX.</p>
<p>The MACD and signal line is reflecting a bearish crossover. If the bears’ dominance continues, further decline in the trading price is expected.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/Uu-GzVkP4EzQ61sIGeZNAq8uYMZhWXKAhFwl5sqDxtWVlTT2xBl_nkHK6wVy2Gk-KSxh-XXQfTRdHjn8f8Fo1QvygPWjw_aN72SyuyYT30XxiSys-eu81llXKr-3dkpSIUOojsWBczujk8Wml2gSRWg" alt="BARC Share Price Might Mark New 52 Weeks’ Low Amid Bearishness" style="aspect-ratio:1.7583187390542907;width: 100%;height:auto">
  <figcaption class="wp-element-caption"><a href="https://www.tradingview.com/x/pQXmZqY7/" rel="noopener noreferrer nofollow">BARC share price chart by TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div>
<p>The stock is likely to mark a new 52 weeks low. The RSI line is recovering. On October 1st, it fell in the oversold territory but today, it recovered.</p>
<p>When writing, <a href="https://www.thecoinrepublic.com/2023/10/21/barc-share-struggling-below-20-day-ema-macd-suggests-more-decline/" rel="noopener noreferrer nofollow">BARC shares</a> were trading below 20, 50, 100 and 200 days exponential moving averages. Barclays PLC has a market capitalization of 19.819 Billion GBX. As per data of companiesmarketcap(dot)com, the stock declined 22.01% in 2023.&nbsp;</p>
<p>TradingView data shows that 13.109 Billion BARC shares are free floating and the remaining 1.951 Billion shares are closely held. On October 2nd, 2023, BARC price showed a 3.22 GBX uptick at press time.&nbsp;&nbsp;&nbsp;</p>
<h3 class="wp-block-heading" id="strong-barclays-plc-barc-financial-updates-strong"><strong>Barclays PLC (BARC) Financial Updates&nbsp;</strong></h3>
<p>Barclays PLC gave a positive surprise with its report. As per analysts, the company was expected to report 6.28 Billion GBX. However the reported EPS of the company was 12.33% greater than the estimates.&nbsp;</p>
<p>In the financial year 2023, Barclays PLC generated 36.59 Billion in revenue from which its net income was 5.02 Billion GBX and profit margin was 13.73%. Net loans on the company are 398.78 Billion GBX and total deposits are 525.80 Billion GBX.&nbsp;&nbsp;</p>
<p>For the last quarter of 2023, <a href="https://www.thecoinrepublic.com/2023/10/21/barc-share-struggling-below-20-day-ema-macd-suggests-more-decline/" rel="noopener noreferrer nofollow">Barclays PLC</a> is expected to report 5.92 Billion GBX in revenue and estimated EPS is positive 0.02 GBX.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong>:</h4>
<p>Since the past few months BARC share price has followed a continuous declining path and lost 14.37% in a month and 11.5% in a quarter. If the bears continued their dominance over bulls then further declines in the trading price are possible. However, analysts believe that bears might push BARC share to a new 52 weeks’ low.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Level: 128.12 GBX &amp; 124.00 GBX</p>
<p>Resistance Level: 135.54 GBX &amp; 142.98 GBX</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

BARC Share Price Might Mark New 52 Weeks’ Low Amid Bearishness

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Thecoinrepublic.com

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