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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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- 7/10/2026 -
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Raymond James Financial (RJF) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtTrend resistance at 170.20
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a second consecutive positive week for the Raymond James Financial (RJF). During the week, the RJF gained 5.46 points, or 3.36%, and closed at 168.12 on Friday, July 10, 2026. Weekly volume was -24% 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 177.66 on September 23, 2025. RJF gained -85.99 points, or -93.80%, in 99 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 140.16 and resistance is at 181.76. 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 downtrend had started on September 23, 2025 at 177.66 and reached 138.82 on April 2, 2026. RJF lost 38.84 points, or 21.86%, in 27 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (170.20). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See RJF weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 12, 2026. 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 171.62 on July 9, 2026. RJF gained -24.98 points, or -17.03%, in 13 days. The price is now at the 14.01% retracement level.

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

The daily MACD line is above its signal line since July 1, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.68
Williams' Percentage Range (W%R) 6.50
Strong Overbought
Lane's Stochastic (%D-Slow) 90.68
Strong Overbought
Greed/Fear Indicator (GFI) 83.96
Overbought
Moving Average Converg./Diverg. (MACD) 2.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.46
Williams' Percentage Range (W%R) 4.90
Strong Overbought
Lane's Stochastic (%D-Slow) 69.93
Greed/Fear Indicator (GFI) 73.81
Moving Average Converg./Diverg. (MACD) -1.90
Trading Signals
Description Value Chart
Yearly Trendline Resistance 181.76
Upper Bollinger Band 171.56
Quarterly Trendline Resistance 170.20
Daily Stochastic Crossing 169.18
Price 168.12
Weekly Stochastic Crossing 163.79
Monthly Trendline Resistance 160.05
20 Day Moving Average 158.00
Parabolic System 156.82
50 Day Moving Average 154.34
Monthly Trendline Support 146.54
Lower Bollinger Band 146.41
Yearly Trendline Support 140.16
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Investment Banking & Brokerage 109
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 146.64
Low Date 06/26/2026
High 171.62
High Date 07/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 141.06
Low Date 05/28/2026
High 171.62
High Date 07/09/2026
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 160.05
Support 146.54
Low 138.82
Low Date 04/02/2026
High 171.62
High Date 07/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 170.20
Support 129.98
High 177.66
High Date 09/23/2025
Low 138.82
Low Date 04/02/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 181.76
Support 140.16
Low 91.67
Low Date 10/25/2023
High 177.66
High Date 09/23/2025
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.