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Downtrend Broken Resist.Archive
- 4/19/2024 -
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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 climbed 1.05 points, or 0.86%, and closed at 123.60 on Friday, April 19, 2024. Weekly volume was 52% 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 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 price is near the trend support (122.98) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.
 Medium-term trend: [See RJF medium-term trend chart]
A medium-term downtrend had started on April 4, 2024 at 131.19 and reached 121.07 on April 16, 2024. RJF lost 10.12 points, or 7.71%, in 1 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (119.56) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See RJF weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since November 24, 2023. 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 April 16, 2024 at 121.07 and reached 124.03 on April 17, 2024. RJF gained -2.96 points, or -2.44%, in 1 days. The price is now at the 14.53% retracement level.
 Daily Technical Indicators: [See RJF daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since April 9, 2024. The distance between MACD and the signal line is relatively high and getting bigger.
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