Barclays PLC (NYSE:BCS) Pivot Deep Dive: Fibonacci Holds at 8.43

One of the most basic ideas that goes along with the stock market is buy low and sell high. Although this advice is overly obvious, many new investors will do the exact opposite when trading stocks. Inexperienced investors have the tendency to buy stocks that have been performing the best recently. This may be caused by certain factors such as not looking into the underlying fundamentals or just hoping that the stock will continue to rise. Rookie investors may also make the error of holding onto shares that continue to drop in value. Instead of cutting the loser loose, they hold off with the hope that eventually the stock will at least get back to the breakeven point. 

Following recent trading activity, we note that Barclays PLC (NYSE:BCS) has seen a move of -0.2301496% since the open. The prior close was 8.67 and the one month high price is currently 8.95. 

Traders using technical analysis may be employing moving average indicators to assist with gauging a certain market move or to indicate its strength. Many traders will rely on the EMA or Exponential Moving Average to accomplish this. Checking on some recent levels for Barclays PLC (NYSE:BCS), we can see that the 10 day EMA is 8.531983, the 20 day is 8.473056, and the 30 day is 8.450039. Pulling back a bit, we note that the 100 day EMA is 8.403626, the 50 day is 8.433407, and the 200 day EMA is 8.484265.

After a recent check, we see that the Bull Bear Power reading is 0.33230183. Moving to some volatility readings, we see that the current value is 2.83729. Looking out for the week, volatility is 1.1816064. For the previous month, volatility is at 1.351186. Investors often track volatility across sectors to compare with the overall volatility in the market.

A good way for investors to understand stock price movements is to look at how it has performed at various intervals in the past. Tracking shares of Barclays PLC (NYSE:BCS), we see that the most recent close price was 8.67
Year-to-date: 14.986737
Prior week: 2.6035502
Prior month: -0.3448276
Last 6 months:-2.8026905
Last 3 months: 6.9050555

Traders use pivot point analysis to help determine key levels where a stock price may react. Tracking these turn around levels may help the trader while attempting stock analysis. Looking at some current one month pivots, we note that the Fibonacci pivot is 8.43 while the Fibonacci support 1 pivot is 8.27338, and the Fibonacci support 2 is 8.17662. Checking on the one month Woodie pivot, we note the level at 8.4325. The Woodie support 1 pivot is 8.245, and the Woodie resistance 1 pivot is 8.655.

Investors might be looking around every corner when analyzing shares of Barclays PLC (NYSE:BCS). Many investors will closely track a stock when it nears a major historical high or low point. Let’s take a quick peek at some major historical highs and lows for the stock:

All time high: 62.67999
All time low: 2.75
52 week high: 12.55
52 week low: 7.07
6 month high: 9.415
6 month low: 7.07
3 month high: 8.97
3 month low: 7.93
One month high: 8.95
One month low: 7.93

Investors might be looking to find some bargains to add to the portfolio as we move closer towards the end of the year. Maybe some of the earlier portfolio picks don’t look as promising as they did a few months ago. There might also be a few names that have fallen off a cliff and do not look they will be returning to previous levels. Investors may be searching for a few overlooked stocks that the rest of the investing community has passed on for whatever reason. Nobody knows for sure what the next couple of quarters have in store. As earnings season kicks off, investors will be closely following the companies that manage to beat expectations by a wide margin.    

Shifting the technical focus to Keltner Channels, we see that the 20 day upper envelope is 8.560983. The 20 day lower envelope is currently 8.385128. Traders may be watching for a breakthrough of the higher or lower Keltner bands.