Friday, February 16, 2018

Annual Forecast for Barclays (2018)

Barclays shares (LSE:BARC) is currently in a downtrend. The market went upwards from November 2017 to January 2018. It has now started moving south.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is at the top left part of the chart.

Currently, there has been a Death Cross in the market (i.e. the EMA 200 has been breached to the downside). The other EMAs are also sloping downwards, as price is below them. This is a clear bearish signal.

Barclays is expected to go generally downwards this year. The outlook on the market is bearish.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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