Barclays stock: bullish momentum meets consolidation as intraday weakness emerges

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Barclays slides 0.39% to GBX 469.75

Highlights

Barclays repurchased over 1.6 million ordinary shares for cancellation on December 22, 2025, as part of its ongoing share buyback programme.
Since October 23, 2025, Barclays has cancelled more than 45 million shares, reducing its outstanding share capital to approximately 13.87 billion shares.
Barclays targets returning at least £10 billion to shareholders between 2024 and 2026, primarily via dividends and continued buybacks, with increased UK investment plans in focus.

Share cancellation rises as buybacks and capital returns accelerate

Barclays continued its share buyback programme, purchasing over 1.6 million ordinary shares for cancellation on December 22, 2025. Since the start of buybacks on October 23, 2025, the bank has cancelled more than 45 million shares, reducing outstanding share capital to about 13.87 billion shares. Barclays intends to return at least £10 billion to shareholders between 2024 and 2026, mainly through dividends and further buybacks, with recent regulatory filings and increased UK investment plans also in focus.

Overbought signals intensify amid steady trend and intraday pressure

Momentum indicators remain positive, with MACD and ADX both in clear buy territory, pointing to solid underlying trend strength. However, overbought signals dominate: the RSI stands at 76.51, Stoch RSI is fully overbought, and CCI also flags overbought conditions, suggesting limited short-term upside. BBP readings reflect continued buyer dominance intraday, and the Awesome Oscillator supports the prevailing uptrend. Today’s price opened nearly flat relative to the previous close, but has slipped 0.39% with current action near session lows, indicating low volatility and some pressure following the open. Overall, while momentum favors buyers, the persistent overbought signals and mild intraday weakness present a notable divergence that could lead to consolidation or a short-term pullback.

Sideways consolidation likely as upside dominates outlook

Over the next five trading days, the expected range for BARC is set at GBX 460 to GBX 485, aligning with typical volatility and current levels. The probability of a price increase is very high (more than 80%), making any decline less likely given bullish readings from weekly RSI, MACD, ADX, and long-term moving averages. In the baseline scenario, BARC should consolidate in a sideways corridor as buyers and sellers battle above support. A bullish breakout above GBX 470 – 475 could trigger a test toward GBX 485, while a break below GBX 460 support would risk a short-term pullback as oscillators work off overbought conditions.

Anton Kharitonov, expert at Traders Union, sees Barclays as technically strong but featuring clear short-term risks. He notes continued buybacks and capital returns, yet highlights persistent overbought indicators and fading intraday momentum. Kharitonov believes any upside is likely limited unless buyers achieve a clean breakout. "With upside capped near GBX 470 – 475, I remain cautious and see a pullback or sideways action as the base case for BARC in the coming days."

Last time, analysts noted that Barclays PLC exhibited strong bullish momentum, with the price trading above its key moving averages and technical indicators such as MACD and ADX confirming continued buyer dominance. However, overbought conditions signaled by elevated RSI and Stochastic readings suggest near-term consolidation is likely, with dynamic supports from the MA-50 and Ichimoku Kijun providing potential downside protection.

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.