#DAX #Brent Barclays share price movements continue to prove incredibly frustrating. The price has recently performed in accordance with our expectations, effectively achieving our 152p target on Friday 15 December, effectively retreating in utter panic as if aware of ‘the danger’ if it actually exceeded our target level. After all, surely the world will end if a banking share starts to perform logically.
On the subject of logic, we can hope weakness continuing below 146 shall discover an excuse to rebound from 144.2p but, if we’re blunt, there are plenty of reasons to anticipate Barclays delivering some Xmas cheer to the marketplace. It’s a pity the price didn’t better our 152p target as the implication is of hidden weakness. Any reversal below 144.2 theoretically allows for a visit to 136p, a target level we’re not confident about due to the amount of work employed in forcing the price above Red on the chart. The chart inset shows the effort made during November and December to respect Red makes us suspect it unlikely there are any plans to plunge the share, anytime soon.
If our optimism is to be reflected by reality, above 152p should now trigger share price recovery to an initial 157p with secondary, if bettered, at 168p. The visuals currently indicate a risk of hesitation at the 157p, given the level of prior highs but should 168p be exceeded, a further 181p shall be viewed as exerting an influence for the longer term. Unfortunately, such an event would return the share price to the level at which it started 2023, broadcasting the painful fact the entire year has been an utter waste of time.
There was a fairly interesting article in the FT, seeking to answer questions as to why so many companies are fleeing the FTSE 100 for the safer climate of New York. The exodus is excepted to continue to 2024 and the reason isn’t difficult to spot. The S&P 500 for instance started this year at 3,800 points and is currently 4,700, a gain of 23%. Wall St started the year at 33,300 and is currently 37,300, gaining 12%. And the FTSE 100 started at 7,450 and is currently at 7,570, a gain of just 1.6%.
We shall doubtless take a closer interest in these numbers with an analysis including Europe too.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:02:28PM | BRENT | 7698 | 7535 | 7483 | 6802 | 7726 | 7726 | 7899 | 7993 | 7542 |
| 10:05:24PM | GOLD | 2019.41 | 2027 | |||||||
| 10:08:14PM | FTSE | 7549.9 | 7567 | |||||||
| 10:10:56PM | STOX50 | 4535.8 | 4544 | |||||||
| 10:14:05PM | GERMANY | 16720 | 16712 | 16698 | 16634 | 16760 | 16785 | 16796 | 16825 | 16712 |
| 10:16:24PM | US500 | 4715.1 | 4704 | |||||||
| 10:18:42PM | DOW | 37276.5 | 37226 | |||||||
| 10:20:44PM | NASDAQ | 16599.6 | 16546 | |||||||
| 10:23:39PM | JAPAN | 32697 | 32781 |
15/12/2023 FTSE Closed at 7576 points. Change of -0.94%. Total value traded through LSE was: £ 11,949,408,359 a change of 47.73%
14/12/2023 FTSE Closed at 7648 points. Change of 1.32%. Total value traded through LSE was: £ 8,088,595,771 a change of 41.45%
13/12/2023 FTSE Closed at 7548 points. Change of 0.08%. Total value traded through LSE was: £ 5,718,449,628 a change of 4.86%
12/12/2023 FTSE Closed at 7542 points. Change of -0.03%. Total value traded through LSE was: £ 5,453,180,069 a change of 16.03%
11/12/2023 FTSE Closed at 7544 points. Change of -0.13%. Total value traded through LSE was: £ 4,699,736,729 a change of -1.07%
8/12/2023 FTSE Closed at 7554 points. Change of 0.55%. Total value traded through LSE was: £ 4,750,603,507 a change of -16.53%
7/12/2023 FTSE Closed at 7513 points. Change of -0.03%. Total value traded through LSE was: £ 5,691,416,870 a change of -34.9%
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:AFC AFC Energy** **LSE:ASC Asos** **LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CCL Carnival** **LSE:CPI Capita** **LSE:IHG Intercontinental Hotels Group** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPT Spirent Comms** **LSE:SPX Spirax** **LSE:TRN The Trainline** **
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Updated charts published on : AFC Energy, Asos, Avacta, Barclays, Barrett Devs, Carnival, Capita, Intercontinental Hotels Group, Ocado Plc, Oxford Instruments, Scottish Mortgage Investment Trust, Spirent Comms, Spirax, The Trainline,
LSE:AFC AFC Energy. Close Mid-Price: 22 Percentage Change: + 4.51% Day High: 24 Day Low: 21.65
All AFC Energy needs are mid-price trades ABOVE 24 to improve acceleratio ……..
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View Previous AFC Energy & Big Picture ***
LSE:ASC Asos. Close Mid-Price: 404.5 Percentage Change: + 0.85% Day High: 418 Day Low: 404.7
All Asos needs are mid-price trades ABOVE 418 to improve acceleration tow ……..
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View Previous Asos & Big Picture ***
LSE:AVCT Avacta Close Mid-Price: 110 Percentage Change: -6.94% Day High: 119 Day Low: 109.5
In the event Avacta experiences weakness below 109.5 it calculates with a ……..
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View Previous Avacta & Big Picture ***
LSE:BARC Barclays Close Mid-Price: 146.64 Percentage Change: -2.24% Day High: 151.76 Day Low: 145.98
Target met. In the event of Barclays enjoying further trades beyond 151.7 ……..
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View Previous Barclays & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 566 Percentage Change: + 0.75% Day High: 569.6 Day Low: 561
In the event of Barrett Devs enjoying further trades beyond 569.6, the sh ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CCL Carnival Close Mid-Price: 1329.5 Percentage Change: -0.89% Day High: 1346.5 Day Low: 1321
All Carnival needs are mid-price trades ABOVE 1346.5 to improve accelerat ……..
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View Previous Carnival & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 21.44 Percentage Change: + 2.10% Day High: 21.66 Day Low: 20.7
In the event of Capita enjoying further trades beyond 21.66, the share sh ……..
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View Previous Capita & Big Picture ***
LSE:IHG Intercontinental Hotels Group Close Mid-Price: 7074 Percentage Change: -0.03% Day High: 7124 Day Low: 7004
In the event of Intercontinental Hotels Group enjoying further trades bey ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 723 Percentage Change: + 0.61% Day High: 739.2 Day Low: 711.6
Continued trades against OCDO with a mid-price ABOVE 739.2 should improve ……..
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View Previous Ocado Plc & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2315 Percentage Change: + 1.31% Day High: 2315 Day Low: 2280
Target met. Continued trades against OXIG with a mid-price ABOVE 2315 sho ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 784.8 Percentage Change: + 1.13% Day High: 790.8 Day Low: 779.4
Target met. Continued trades against SMT with a mid-price ABOVE 790.8 sho ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:SPT Spirent Comms Close Mid-Price: 117.5 Percentage Change: -1.34% Day High: 123.8 Day Low: 116.4
Target met. Further movement against Spirent Comms ABOVE 123.8 should imp ……..
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View Previous Spirent Comms & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 10300 Percentage Change: + 2.64% Day High: 10305 Day Low: 10050
All Spirax needs are mid-price trades ABOVE 10305 to improve acceleration ……..
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View Previous Spirax & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 316.4 Percentage Change: + 11.33% Day High: 347.4 Day Low: 315
Target met. In the event of The Trainline enjoying further trades beyond ……..
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View Previous The Trainline & Big Picture ***