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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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- 9/18/2026 -
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Raymond James Financial (RJF) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved below overbought area
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range oversoldLane's Stochastic is strongly oversold
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It was the negative week for the Raymond James Financial (RJF). During the week, the RJF dropped -8.71 points, or -5.02%, and closed at 164.75 on Friday, September 18, 2026. Weekly volume was 20% above average.

Long-term trend: [See RJF long-term trend chart]
A long-term uptrend had started on June 23, 2025 at 147.18 and reached 182.73 on August 6, 2026. RJF gained -35.55 points, or -24.15%, in 58 weeks. The price is now at the 50.58% retracement level.

Medium-term trend: [See RJF medium-term trend chart]
A medium-term uptrend had started on April 2, 2026 at 138.82 and reached 182.73 on August 6, 2026. RJF gained -43.91 points, or -31.63%, in 18 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 145.66 and resistance is at 193.04. 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 medium-term trend.

Weekly Technical Indicators: [See RJF weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 June 12, 2026. 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 August 6, 2026 at 182.73 and reached 162.18 on September 16, 2026. RJF lost 20.55 points, or 11.25%, in 41 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 161.49 and resistance is at 179.37. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

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

The daily MACD line is below its signal line since August 12, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.01
Williams' Percentage Range (W%R) 89.60
Oversold
Lane's Stochastic (%D-Slow) 9.60
Strong Oversold
Greed/Fear Indicator (GFI) 15.67
Oversold
Moving Average Converg./Diverg. (MACD) -0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.26
Williams' Percentage Range (W%R) 44.50
Lane's Stochastic (%D-Slow) 67.04
Greed/Fear Indicator (GFI) 58.88
Moving Average Converg./Diverg. (MACD) 4.14
Trading Signals
Description Value Chart
Monthly Trendline Resistance 193.04
Upper Bollinger Band 181.98
Weekly Trendline Resistance 179.37
Weekly Stochastic Crossing 174.94
Parabolic System 174.30
50 Day Moving Average 174.15
20 Day Moving Average 173.87
Price 164.75
Daily Stochastic Crossing 163.65
Lower Bollinger Band 162.68
Weekly Trendline Support 161.49
Monthly Trendline Support 145.66
Sector and Industry
Description Name Rank
Sector Financials 7
Industry Investment Banking & Brokerage 64
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 181.40
High Date 09/03/2026
Low 162.18
Low Date 09/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 179.37
Support 161.49
High 182.73
High Date 08/06/2026
Low 162.18
Low Date 09/16/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 193.04
Support 145.66
Low 138.82
Low Date 04/02/2026
High 182.73
High Date 08/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 147.18
Low Date 06/23/2025
High 182.73
High Date 08/06/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.67
Low Date 10/25/2023
High 182.73
High Date 08/06/2026
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.