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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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- 6/12/2026 -
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Raymond James Financial (RJF) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Lane's Stochastic is overboughtLane's Stochastic bearish divergence
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It was a second positive week after 4 consecutive negative weeks for the Raymond James Financial (RJF). During the week, the RJF gained 2.95 points, or 1.95%, and closed at 154.40 on Friday, June 12, 2026. Weekly volume was -7% 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 138.87 and resistance is at 181.39. 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 January 15, 2026 at 174.70 and reached 138.82 on April 2, 2026. RJF lost 35.88 points, or 20.54%, in 11 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 141.71 and resistance is at 156.42. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See RJF weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since May 22, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 May 28, 2026 at 141.06 and reached 155.58 on June 12, 2026. RJF gained -14.52 points, or -10.29%, in 15 days. The price is now at the 8.13% retracement level.

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 has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 daily MACD line is above its signal line since June 4, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.25
Williams' Percentage Range (W%R) 37.00
Lane's Stochastic (%D-Slow) 82.57
Overbought Bearish
Greed/Fear Indicator (GFI) 66.94
Moving Average Converg./Diverg. (MACD) -0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.38
Williams' Percentage Range (W%R) 65.30
Lane's Stochastic (%D-Slow) 51.84
Greed/Fear Indicator (GFI) 47.44
Moving Average Converg./Diverg. (MACD) -2.47
Trading Signals
Description Value Chart
Yearly Trendline Resistance 181.39
Upper Bollinger Band 157.42
Monthly Trendline Resistance 156.42
Price 154.40
Daily Stochastic Crossing 153.63
50 Day Moving Average 151.40
Weekly Stochastic Crossing 150.69
20 Day Moving Average 149.73
Parabolic System 146.92
Lower Bollinger Band 143.56
Monthly Trendline Support 141.71
Yearly Trendline Support 138.87
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Investment Banking & Brokerage 75
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 141.06
Low Date 05/28/2026
High 155.58
High Date 06/12/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 161.08
High Date 05/06/2026
Low 141.06
Low Date 05/28/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 156.42
Support 141.71
High 174.70
High Date 01/15/2026
Low 138.82
Low Date 04/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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 181.39
Support 138.87
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.