Barclays stock price forecast: bullish signals persist as BARC trends near resistance

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Barclays gains 0.93% to GBX 491.20

Highlights

Barclays repurchased and cancelled 3,507,890 ordinary shares at a volume-weighted average price of 484.62 pence on January 5, 2026.
Total shares bought back under the current programme reached 56,454,412, reducing Barclays' issued share capital to 13,859,651,183 ordinary shares with voting rights.
Investors are closely watching the upcoming earnings release for updates on Barclays' capital position, planned dividends, and future buyback strategy.

Share buybacks and capital monitoring drive investor focus ahead of earnings

Barclays recently completed several tranches of its share buyback programme, including the repurchase and cancellation of 3,507,890 ordinary shares at a volume-weighted average price of 484.62 pence on January 5, 2026. This brings the total shares repurchased under the current programme to 56,454,412, and the issued share capital now stands at 13,859,651,183 ordinary shares with voting rights. Investors are also monitoring the upcoming earnings for insights into capital position, dividends, and buyback strategy.

Overbought signals mount as momentum persists near key resistance

Technically, the price is well-supported, trading solidly above the Ichimoku Kijun (GBX 449.23), with dynamic support near this level and further resistance seen at GBX 500. Momentum remains robust, as indicated by both the MACD and ADX uptrends, and continued buyer dominance. However, the RSI (79.90), Stoch RSI (100.00), and CCI (130.53) suggest persistent overbought conditions, while Bull/Bear Power remains positive and Awesome Oscillator keeps supporting the bullish case. Today’s session opened with a modest gap at GBX 485.53 and current trading is near the top of the day’s GBX 485.15 – 491.90 range, reflecting moderate volatility and strong session resilience.

High bullish probability as price consolidates near upper volatility band

In the short term, Barclays is expected to trade within the GBX 491.00 – GBX 499.00 volatility band relative to current levels over the next five trading days. Price upside probability remains above 80%, supported by bullish technicals from weekly MA-50, RSI, ADX, and MACD signals. The primary scenario is further consolidation within this band, but a breakout above GBX 500 resistance could signal a bullish extension, while a break below GBX 491.00 could trigger a pullback to dynamic support at GBX 449.00.

Anton Kharitonov, expert at Traders Union, notes that Barclays maintains a solid technical position above major moving averages and Ichimoku support. He believes the recent buyback activity and upcoming earnings add fundamental interest but warns that overbought signals are clear and risk remains for a pullback if GBX 491.00 fails. The main scenario is consolidation just below resistance, with caution warranted due to stretched momentum readings. "I remain defensive here — upside is possible but I would not chase it until overbought signals unwind or GBX 500 is broken with conviction."

Previously it was reported that Barclays PLC maintains a strong bullish trend, trading well above its key moving averages with ongoing positive momentum indicated by MACD and ADX, despite multiple overbought signals from RSI, CCI, and Stoch RSI. The stock remains supported by the Ichimoku Kijun line and MA-50 below current levels, with resistance likely near round figures above the current price, while continued consolidation or a minor retracement is possible due to stretched short-term conditions.

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.