Barclays stock price forecast: bullish momentum intact as Barclays stock holds above GBX 460

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Barclays rises 0.81% today to GBX 461.85

Highlights

Barclays has applied for a block listing of 20 million ordinary shares for its employee share plan, with trading to begin on December 18, 2025.
Barclays has aggressively executed its buyback program, purchasing and cancelling over 2.6 million shares on December 17, 2025 and more than 36 million shares since October 23, 2025 at around 440p per share.
The company's issued share capital now totals approximately 13.88 billion ordinary shares, with Barclays holding no treasury shares following recent cancellations.

Share buybacks and new listing reshape capital base

Barclays has applied for a block listing of 20 million ordinary shares under its employee share plan, with trading expected to begin on December 18, 2025. The company continues to execute its share buyback program, with over 2.6 million shares purchased and cancelled on December 17, 2025, and more than 36 million shares bought back since October 23, 2025, at an average price of approximately 440p per share. Following these actions, Barclays' issued share capital now stands at about 13.88 billion ordinary shares, with no treasury shares held.

Bullish trend faces overbought signals amid persistent buying

Technically, Barclays trades in a firmly bullish structure, holding well above short-, medium-, and long-term moving averages, with the MA-50 (GBX 410) acting as the closest dynamic support and the Ichimoku Kijun at GBX 426.78 also reinforcing the trend. A significant resistance is seen near the round level of GBX 470. Momentum indicators such as MACD and ADX point to continued buying strength, but overbought signals are clear on the RSI (72.07), Stoch RSI (91.95), and CCI (130.07), suggesting a risk of short-term exhaustion. Positive BBP and a bullish Awesome Oscillator confirm buyer dominance, though persistent overbought readings highlight the potential for a pause or brief consolidation despite strength toward today's highs.

Sideways bias likely as consolidation risk rises post-advance

For the next five trading days, the anticipated range is GBX 450 to GBX 470, marking a typical volatility band relative to current levels. There is a strong probability (over 80%) that the price will either consolidate or make further gains, with a likely scenario of sideways movement as the market absorbs recent advances. A sustained breakout above GBX 470 could signal further short-term upside, while a drop below GBX 450 may trigger a corrective pullback, though the medium- and long-term outlook remains positive.

Anton Kharitonov, expert at Traders Union, sees Barclays maintaining strong technical momentum but notes risks of exhaustion due to overbought signals. He highlights the fundamental support from ongoing buybacks and block listing plans, yet remains alert to the risk of a corrective pullback if GBX 450 fails. Kharitonov believes the structure is bullish, but short-term consolidation is likely while markets digest recent gains. "I stay cautious here — unless GBX 470 is breached on volume, the base case is sideways or mild retracement."

Last time, analysts noted that Barclays PLC was exhibiting strong bullish momentum, with the share price significantly above all key moving averages and supported by ongoing buybacks, while technical indicators remain broadly positive. However, multiple momentum oscillators nearing overbought territory and clustering resistance near recent highs suggest a risk of short-term consolidation or pullback unless major supports are breached.

Source of Data: BARC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.