Will Barclays ever engage Top Gear?

#Brent #Dax With Top Gear back on the telly, it’s only fitting to start with a brief review of a car, rather than examine the lack of excitement from Barclays (LON:BARC) share price. A chum visited, driving a new Renault Zoe, an electric vehicle. It had been fully charged for the trip, the charging plug unfortunately remaining in her garage. Arriving with 58% charge remaining didn’t sound alarming, aside from the detail our part of Scotland isn’t over-run with public charging stations.

Worse, freezing temperatures apparently play havoc with the range of electric vehicles. She developed a cunning plan, catch the ferry early on Sunday and visit a supermarket on the mainland, the car boasting it would take just two hours to recharge.  The range issue, always a favourite personal bugbear was confirmed but, it must be conceded the car itself was quite pleasant. Despite the externals, it was surprisingly spacious inside, also enjoyably fast in getting up to speed. Overall, the machine was very likeable. About the only immediate dislike was something called single pedal mode, when the car reclaimed energy by braking, when the foot was lifted off the accelerator. In this way, it behaved like a share price, losing any impetus to just freewheel, when interest wanes. Instead, many share prices just fall sharply, taking the stance ‘if there’s no acceleration, it must be time to decelerate!’

Barclays, thankfully, do not appear to have a share price following this mode. But it’s not really been charging upward either… There’s quite a lot about the retail banks which should inspire confidence, their lack of acceleration proving a pretty big worry. Barclays, as could be expected, have broken clear of the pack, their share price trading above its level pre-pandemic. There’s now a chicken and egg situation?

Will Barclays accelerate properly, when the FTSE starts to better the pre-pandemic level. Or will the FTSE start to accelerate, if Barclays (and the other retail banks) get themselves in gear.

 

The immediate situation with Barclays is, from our perspective, a share price which is supposed to be heading to 240p as the next major point of interest. Similar to a Top Gear presenter and an Alfa Romeo, it appears unable to get moving properly due to the handbrake being engaged. Wed prefer present a confident scenario, where next above 204p should make an attempt at 216p next with secondary, if bettered, at 240p. The lack of pace in 2021 is proving a distinct concern however…

 

For everything to now go horribly wrong for Barclays, the share needs reverse below 160p, calculating with the potential of an initial 145p with secondary, if broken, at 121p. Perhaps the biggest problem for the future is a lack of patience. Perhaps investors should all go away for a while, allow it to recharge, and return when a decent range is possible.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:43:20PM BRENT 81.46 80.75 80.615 80.09 81.79 82.19 82.65 83.28 81.14 ‘cess
9:45:08PM GOLD 1866.21 ‘cess
9:47:17PM FTSE 7347.69
9:48:53PM FRANCE 7083.7 ‘cess
9:50:31PM GERMANY 16095.72 16065 16047 16023 16106 16124 16146 16173 16070
9:52:54PM US500 4677.27 ‘cess
9:55:41PM DOW 36059
10:12:12PM NASDAQ 16180.7 Success
10:14:49PM JAPAN 29692 ‘cess

 

Once again, our thanks to the nice folk who find some of the adverts on this page worthy of a visit, effectively buying us a coffee.

 

12/11/2021 FTSE Closed at 7347 points. Change of -0.5%. Total value traded through LSE was: £ 6,640,483,437 a change of 17%
11/11/2021 FTSE Closed at 7384 points. Change of 0.6%. Total value traded through LSE was: £ 5,675,393,557 a change of -10.05%
10/11/2021 FTSE Closed at 7340 points. Change of 0.91%. Total value traded through LSE was: £ 6,309,453,625 a change of -1.99%
9/11/2021 FTSE Closed at 7274 points. Change of -0.36%. Total value traded through LSE was: £ 6,437,458,851 a change of 17.56%
8/11/2021 FTSE Closed at 7300 points. Change of -0.04%. Total value traded through LSE was: £ 5,475,805,501 a change of 1.81%
5/11/2021 FTSE Closed at 7303 points. Change of 0.33%. Total value traded through LSE was: £ 5,378,363,881 a change of -21.99%
4/11/2021 FTSE Closed at 7279 points. Change of 0.43%. Total value traded through LSE was: £ 6,894,189,975 a change of 28.51%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BLOE Block Energy PLC** **LSE:CASP Caspian** **LSE:CBX Cellular Goods** **LSE:CEY Centamin** **LSE:CNA Centrica** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:FOXT Foxtons** **LSE:ITV ITV** **LSE:MKS Marks and Spencer** **LSE:ODX Omega Diags** **LSE:SPX Spirax** **

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Updated charts published on : Aston Martin, Block Energy PLC, Caspian, Cellular Goods, Centamin, Centrica, Diageo, Experian, Foxtons, ITV, Marks and Spencer, Omega Diags, Spirax,

LSE:AML Aston Martin. Close Mid-Price: 1667.5 Percentage Change: + 2.24% Day High: 1672 Day Low: 1614.5

Target met. If Aston Martin experiences continued weakness below 1614.5, ……..

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LSE:ASC Asos. Close Mid-Price: 2862 Percentage Change: + 2.21% Day High: 2886 Day Low: 2770

Continued trades against ASC with a mid-price ABOVE 2914 should improve th ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 1.23 Percentage Change: -12.14% Day High: 1.3 Day Low: 0.95

Target met. In the event Block Energy PLC experiences weakness below 0.95 ……..

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LSE:CASP Caspian. Close Mid-Price: 4.4 Percentage Change: + 1.73% Day High: 4.5 Day Low: 4.25

In the event of Caspian enjoying further trades beyond 4.5, the share sho ……..

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LSE:CBX Cellular Goods. Close Mid-Price: 9 Percentage Change: + 9.76% Day High: 9.12 Day Low: 8.15

Target met. Continued trades against CBX with a mid-price ABOVE 9.12 shou ……..

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LSE:CEY Centamin Close Mid-Price: 104.4 Percentage Change: -0.90% Day High: 106.2 Day Low: 103

Further movement against Centamin ABOVE 106.2 should improve acceleration ……..

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LSE:CNA Centrica. Close Mid-Price: 65.92 Percentage Change: + 0.46% Day High: 66.22 Day Low: 65.04

Target met. All Centrica needs are mid-price trades ABOVE 66.22 to improv ……..

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LSE:DGE Diageo. Close Mid-Price: 3826 Percentage Change: + 0.64% Day High: 3833.5 Day Low: 3791.5

Target met. In the event of Diageo enjoying further trades beyond 3833.5, ……..

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LSE:EXPN Experian. Close Mid-Price: 3485 Percentage Change: + 0.58% Day High: 3504 Day Low: 3456

Further movement against Experian ABOVE 3504 should improve acceleration ……..

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LSE:FOXT Foxtons. Close Mid-Price: 44.9 Percentage Change: + 0.45% Day High: 45 Day Low: 43

In the event Foxtons experiences weakness below 43 it calculates with a d ……..

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LSE:ITV ITV. Close Mid-Price: 125.1 Percentage Change: + 1.34% Day High: 127 Day Low: 123.3

Further movement against ITV ABOVE 127 should improve acceleration toward ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 237 Percentage Change: + 1.94% Day High: 240.9 Day Low: 232.3

Target met. In the event of Marks and Spencer enjoying further trades bey ……..

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LSE:ODX Omega Diags Close Mid-Price: 43.25 Percentage Change: -1.12% Day High: 43.5 Day Low: 42.75

Continued weakness against ODX taking the price below 42.75 calculates as ……..

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LSE:SPX Spirax. Close Mid-Price: 17045 Percentage Change: + 0.29% Day High: 17050 Day Low: 16660

Target met. Continued trades against SPX with a mid-price ABOVE 17050 sho ……..

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*** End of “Updated Today” comments on shares.

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