Barclays’ share price (LON: BARC) is seeing a slight decline, despite some buyers stepping in around the 139.8p level. The stock has dropped by 2.03% this week, and further downside is possible after its unsuccessful attempt to reclaim the previous range lows.
On Thursday, UK shares showed some recovery as sellers seemed to lose momentum. The benchmark FTSE 100 index gained 19 points after a steady decline earlier in the week, improving overall market sentiment.
However, Barclays’ stock has not shown any notable movement, trading around 140p on the London Stock Exchange. Additionally, the shares appear to have settled below 142p, which was the previous range low, as illustrated in the chart.
Given this, the outlook for Barclays’ share price seems to have turned bearish, with a likely scenario involving a retest of the demand zone between 132p and 128p.