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Oct 17, 2018
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Did Barclays (BCS, $8.65) Abandon a Cryptocurrency Project?

Did Barclays (BCS, $8.65) Abandon a Cryptocurrency Project?

Investment bank Barclays has reportedly put its cryptocurrency trading project on hold.

According to a Financial News report, the British multinational bank decided to halt the project in September. The project reportedly involved analyzing the fundamentals and prospects of digital currencies, measuring client's interest in investing in such products and understanding the infrastructure required for trading in the crypto space. However, a Barclays spokesperson denied that the bank was opening a cryptocurrency trading desk.

The bank, however, has applied for three patents for a blockchain system that aims to help banks/financial institutions create and issue digital currency units backed by fiat currency.

Related Ticker: BCS

Contributor

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.


BCS's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for BCS turned positive on October 26, 2026. Looking at past instances where BCS's MACD turned positive, the stock continued to rise in 37 of 47 cases over the following month. The odds of a continued upward trend are 79%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BCS's RSI Oscillator exited the oversold zone, 22 of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 79%.

The Momentum Indicator moved above the 0 level on November 02, 2026. You may want to consider a long position or call options on BCS as a result. In 54 of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 66%.

Following a +2.94% 3-day Advance, the price is estimated to grow further. Considering data from situations where BCS advanced for three days, in 227 of 327 cases, the price rose further within the following month. The odds of a continued upward trend are 69%.

BCS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 33 of 60 cases where BCS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 55%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BCS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 59%.

The Aroon Indicator for BCS entered a downward trend on November 02, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron SMR rating for this company is 4 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is 18 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 21, placing this stock better than average.

The Tickeron Valuation Rating of 25 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.953) is normal, around the industry mean (1.495). P/E Ratio (11.350) is within average values for comparable stocks, (11.672). Projected Growth (PEG Ratio) (0.950) is also within normal values, averaging (2.139). BCS has a moderately high Dividend Yield (0.055) as compared to the industry average of (0.035). BCS's P/S Ratio (2.176) is slightly lower than the industry average of (3.867).

The Tickeron PE Growth Rating for this company is 27 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is 61 (best 1 - 100 worst), indicating fairly steady price growth. BCS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

Notable companies

The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), HSBC Holdings PLC (NYSE:HSBC), Wells Fargo & Co (NYSE:WFC), Citigroup (NYSE:C), Barclays PLC (NYSE:BCS).

Industry description

Major banks are among the biggest companies in the world, often times with global reach and market capitalizations in the multi-billions. Large banks often have multiple arms spanning different disciplines, from deposits, to investment banking, to wealth management and insurance. The biggest banks often have key competitive advantages over smaller players in the industry in terms of brand recognition, cost of capital, and efficiency. Think J.P. Morgan, Bank of America, Wells Fargo, and Citigroup.

Market Cap

The average market capitalization across the Major Banks Industry is 196.01B. The market cap for tickers in the group ranges from 1.04M to 905.33B. JPM holds the highest valuation in this group at 905.33B. The lowest valued company is BACRP at 1.04M.

High and low price notable news

The average weekly price growth across all stocks in the Major Banks Industry was -1%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 7%. FRBT experienced the highest price growth at 12%, while SAN experienced the biggest fall at -6%.

Volume

The average weekly volume growth across all stocks in the Major Banks Industry was 11%. For the same stocks of the Industry, the average monthly volume growth was 16% and the average quarterly volume growth was 11%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 52
Price Growth Rating: 51
SMR Rating: 4
Profit Risk Rating: 21
Seasonality Score: 35 (-100 ... +100)
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General Information

a major banks

Industry MajorBanks

Industry
Major Banks
Address
1 Churchill Place
Phone
+44 2071163170
Employees
93000
Web
https://www.barclays.com
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