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Advanced TA SearchArchive
- 5/3/2024 -
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Raymond James Financial (RJF) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the Raymond James Financial (RJF). During the week, the RJF gained 2.56 points, or 2.10%, and closed at 124.42 on Friday, May 3, 2024. It was the best weekly gain since March 28, 2024. RJF was trading at average weekly trading volume.
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 downtrend had started on August 30, 2021 at 143.14 and reached 82.00 on May 4, 2023. RJF lost 61.14 points, or 42.71%, in 87 weeks. The price is now at the 69.38% retracement level.
 Medium-term trend: [See RJF medium-term trend chart]
A medium-term uptrend had started on October 25, 2023 at 91.67 and reached 131.19 on April 4, 2024. RJF gained -39.52 points, or -43.11%, in 23 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (125.51) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See RJF weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See RJF short-term trend chart]
A short-term downtrend had started on April 24, 2024 at 128.24 and reached 117.83 on April 25, 2024. RJF lost 10.41 points, or 8.12%, in 1 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See RJF daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 9, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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