The Greedy Trader Weekly Analysis
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Candlesticks Name: Bearish On Neck
Number of records: 1
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- 10/18/2024 -
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Raymond James Financial (RJF) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtThe price is above the upper Bollinger Band
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It was a third consecutive positive week for the Raymond James Financial (RJF). During the week, the RJF gained 8.56 points, or 6.59%, and closed at 138.51 on Friday, October 18, 2024. Weekly volume was 81% above average.

RJF is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See RJF long-term trend chart]
A long-term uptrend had started on October 25, 2023 at 91.67 and reached 139.40 on October 18, 2024. RJF gained -47.73 points, or -52.07%, in 51 weeks. Price is near the trend high.

Medium-term trend: [See RJF medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 104.24 and reached 139.40 on October 18, 2024. RJF gained -35.16 points, or -33.73%, in 10 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (126.07) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See RJF weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 20, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See RJF short-term trend chart]
A short-term uptrend had started on October 8, 2024 at 124.83 and reached 139.40 on October 18, 2024. RJF gained -14.57 points, or -11.67%, in 10 days. The price is now at the 6.11% retracement level.

Daily Technical Indicators: [See RJF daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since September 13, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.02
Overbought
Williams' Percentage Range (W%R) 3.40
Strong Overbought
Lane's Stochastic (%D-Slow) 92.94
Strong Overbought
Greed/Fear Indicator (GFI) 91.20
Strong Overbought
Moving Average Converg./Diverg. (MACD) 3.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.44
Williams' Percentage Range (W%R) 1.80
Strong Overbought
Lane's Stochastic (%D-Slow) 92.85
Strong Overbought
Greed/Fear Indicator (GFI) 85.04
Overbought
Moving Average Converg./Diverg. (MACD) 0.92
Trading Signals
Description Value Chart
Price 138.51
Upper Bollinger Band 138.51
Daily Stochastic Crossing 138.50
Weekly Stochastic Crossing 137.53
Quarterly Trendline Resistance 134.11
Parabolic System 130.78
20 Day Moving Average 127.57
Quarterly Trendline Support 126.07
50 Day Moving Average 121.34
Lower Bollinger Band 118.34
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Investment Banking & Brokerage 93
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 124.83
Low Date 10/08/2024
High 139.40
High Date 10/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 124.83
Low Date 10/08/2024
High 139.40
High Date 10/18/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 120.42
Low Date 10/01/2024
High 139.40
High Date 10/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 134.11
Support 126.07
Low 104.24
Low Date 08/05/2024
High 139.40
High Date 10/18/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.67
Low Date 10/25/2023
High 139.40
High Date 10/18/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.