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Downtrend Broken Resist.Archive
- 9/4/2026 -
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Raymond James Financial (RJF) Technical Analysis
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| Summary:
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| | It was the negative week for the Raymond James Financial (RJF). During the week, the RJF gave back -1.07 points, or -0.60%, and closed at 178.29 on Friday, September 4, 2026. RJF was trading at average weekly trading volume.
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 182.73 on August 6, 2026. RJF gained -91.06 points, or -99.33%, in 145 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 146.24 and resistance is at 182.59. 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 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 145.13 and resistance is at 189.95. 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 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. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 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. 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 168.93 on August 26, 2026. RJF lost 13.80 points, or 7.55%, in 20 days. The price is now at the 67.83% retracement level.
 Daily Technical Indicators: [See RJF daily technical indicators chart]
Daily technical indicators are neutral.
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 low and getting smaller. It indicates that the current short-term downtrend is getting weak.
 Candlestick pattern: [See RJF candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.
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