-2.66% for Barclays stock — high RSI readings meet profit-taking after buybacks

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Barclays slides 2.66% to GBX 472.00

Highlights

Barclays repurchased and cancelled over 2.47 million ordinary shares on January 9, raising total buybacks since October 2025 to more than 65 million shares.
The company's issued share capital now stands at approximately 13.85 billion shares with voting rights following ongoing buybacks.
Barclays redeemed €1 billion in senior callable notes due January 2027, while a U.S. credit card rate cap proposal raises concerns for its U.S. card business ahead of February 10 results.

Buybacks and US policy risk shift investor focus to 2025 results

Barclays continued its share buyback program in January 2026, repurchasing and cancelling over 2.47 million ordinary shares on January 9 and bringing its total buybacks since October 2025 to over 65 million shares. The company’s issued share capital now stands at approximately 13.85 billion shares with voting rights, and Barclays also redeemed €1 billion in senior callable notes due January 2027. A recent proposal in the U.S. to cap credit card interest rates raised concerns regarding Barclays’ U.S. card business, with attention now turning to the upcoming full-year 2025 results and strategic target update on February 10.

Mixed momentum signals as strong trend meets overbought levels

Momentum signals show a mixed technical picture for BARC. The MACD and ADX highlight strong bullish momentum and trend strength on the daily chart, while daily oscillators such as the RSI (71.73) and Bull/Bear Power remain overbought, and Stochastic RSI and CCI sit between neutral and overbought. Dynamic support is established at the Ichimoku Kijun (GBX 461.23), with further support at the MA-50 (GBX 437.39); current intraday movement has seen recovery towards session highs despite earlier selling pressure.

Upside favored as indicators support limited short-term risk

Over the next five sessions, BARC is expected to consolidate within a typical volatility band of GBX 465.00 to GBX 485.00. Momentum and long-term technical indicators suggest continued strength, with a high likelihood (>80%) of a further price increase, while short-term downside risk is limited. A bullish breakout above GBX 485.00 would open the door to new highs, while a break below the GBX 461.00 support could trigger short-term selling.

Anton Kharitonov, expert at Traders Union, sees Barclays PLC in a technically strong position above key moving averages. He notes that the ongoing buyback program and recent bond redemption show shareholder focus, but warns on regulatory risk from the U.S. credit card proposal. Technical overextension suggests near-term caution, with the stock likely to trade rangebound. "Until GBX 485.00 is broken with conviction, I remain cautious and see limited upside risk-reward for now."

Last time, analysts noted that Barclays PLC is trading firmly above all major moving averages, supported by strong momentum indicators such as a bullish MACD, robust ADX, and an RSI near overbought levels, which collectively reinforce the ongoing bullish trend. Resistance is seen near GBX 490 with dynamic support at the Ichimoku Kijun, while current consolidation and low volatility suggest sideways-to-higher movement remains the base scenario unless key support is 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.