Why Barclays shares could exhibit real strength
The high street lender has made a decent recovery from the tariff crash, and independent analyst Alistair Strang's charts imply further optimism may be justified.
22nd April 2025 07:34
Barclays (LSE:BARC) share price has been mimicking the overall market, but recently the plunge below Red on the chart has brought an interesting situation.
We constantly whinge about the importance of trend breaks, or rather what happens once a trend break has occurred. In this instance, Barclays' share price has recovered above the 276p level of the trend break, suggesting some real strength might exist.
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The situation now is that above 280p should apparently trigger recovery to an initial 307p with our secondary, if bettered, a fairly confident looking 347p. This is liable to become a big deal for the longer term, entering a cycle where an almost unbelievable future 507p calculates as a valid ambition.
This is all because the share price has exhibited some strength for just three sessions, but our inclination is to believe the markets know best. And we think the markets are not taking the current tariff wars as seriously as the media would like to believe.
Of course, it could all be rubbish as below 269p is supposed to start a short-term reversal cycle to an initial 238p with our secondary, if broken, at a bottom of 211p.
Source: Trends and Targets. Past performance is not a guide to future performance.
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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