The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 7/31/2026 -
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Raymond James Financial (RJF) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtLane's Stochastic and MACD bearish divergenceDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a fifth consecutive positive week for the Raymond James Financial (RJF). During the week, the RJF gained 6.68 points, or 3.95%, and closed at 175.98 on Friday, July 31, 2026. Weekly volume was -10% below 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 178.28 on July 28, 2026. RJF gained -86.61 points, or -94.48%, in 143 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 144.32 and resistance is at 182.07. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See RJF medium-term trend chart]
A medium-term uptrend had started on April 2, 2026 at 138.82 and reached 178.28 on July 28, 2026. RJF gained -39.46 points, or -28.43%, in 16 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (148.42) 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 June 12, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its 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 June 26, 2026 at 146.64 and reached 178.28 on July 28, 2026. RJF gained -31.64 points, or -21.58%, in 32 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 168.37 and resistance is at 195.95. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See RJF daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

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) 69.13
Williams' Percentage Range (W%R) 21.00
Lane's Stochastic (%D-Slow) 85.09
Overbought Bearish
Greed/Fear Indicator (GFI) 77.73
Moving Average Converg./Diverg. (MACD) 4.14 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.81
Williams' Percentage Range (W%R) 8.30
Strong Overbought
Lane's Stochastic (%D-Slow) 84.92
Overbought
Greed/Fear Indicator (GFI) 77.94
Moving Average Converg./Diverg. (MACD) -0.22
Trading Signals
Description Value Chart
Weekly Trendline Resistance 195.95
Yearly Trendline Resistance 182.07
Price 175.98
Daily Stochastic Crossing 175.57
Upper Bollinger Band 175.46
Weekly Stochastic Crossing 175.18
20 Day Moving Average 169.73
Weekly Trendline Support 168.37
Parabolic System 165.17
Lower Bollinger Band 161.86
Quarterly Trendline Resistance 159.70
50 Day Moving Average 158.97
Quarterly Trendline Support 148.42
Yearly Trendline Support 144.32
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Investment Banking & Brokerage 98
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 163.01
Low Date 07/23/2026
High 178.28
High Date 07/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 195.95
Support 168.37
Low 146.64
Low Date 06/26/2026
High 178.28
High Date 07/28/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 141.06
Low Date 05/28/2026
High 178.28
High Date 07/28/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 159.70
Support 148.42
Low 138.82
Low Date 04/02/2026
High 178.28
High Date 07/28/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 182.07
Support 144.32
Low 91.67
Low Date 10/25/2023
High 178.28
High Date 07/28/2026
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.