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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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- 10/9/2026 -
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Raymond James Financial (RJF) Technical Analysis

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Summary:
Weekly :
Daily :Williams' Percentage Range is oversoldDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 5 consecutive negative weeks for the Raymond James Financial (RJF). During the week, the RJF climbed 0.17 points, or 0.11%, and closed at 158.38 on Friday, October 9, 2026. It was the best weekly gain since August 28, 2026. Weekly volume was -14% below average.

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 148.09 and resistance is at 183.08. 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 146.54 and resistance is at 198.19. 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.

The weekly MACD line is below its signal line since September 18, 2026. 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 September 3, 2026 at 181.40 and reached 155.50 on September 22, 2026. RJF lost 25.90 points, or 14.28%, in 19 days. The chart has formed a Descending Triangle chart pattern. The trend support level is at 156.38 and resistance is at 158.90. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a short-term trend.

Daily Technical Indicators: [See RJF daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.83
Williams' Percentage Range (W%R) 87.90
Oversold
Lane's Stochastic (%D-Slow) 48.26
Greed/Fear Indicator (GFI) 32.05
Moving Average Converg./Diverg. (MACD) -3.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.65
Williams' Percentage Range (W%R) 60.00
Lane's Stochastic (%D-Slow) 24.70
Greed/Fear Indicator (GFI) 36.53
Moving Average Converg./Diverg. (MACD) 3.64
Trading Signals
Description Value Chart
Yearly Trendline Resistance 183.08
50 Day Moving Average 171.00
Upper Bollinger Band 169.71
20 Day Moving Average 161.28
Weekly Stochastic Crossing 159.53
Weekly Trendline Resistance 158.90
Daily Stochastic Crossing 158.47
Price 158.38
Weekly Trendline Support 156.38
Parabolic System 156.37
Lower Bollinger Band 154.96
Yearly Trendline Support 148.09
Quarterly Trendline Support 146.54
Sector and Industry
Description Name Rank
Sector Financials 7
Industry Investment Banking & Brokerage 31
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 159.28
High Date 10/08/2026
Low 157.56
Low Date 10/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Valid
Resistance 158.90
Support 156.38
High 181.40
High Date 09/03/2026
Low 155.50
Low Date 09/22/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 182.73
High Date 08/06/2026
Low 155.50
Low Date 09/22/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 198.19
Support 146.54
Low 138.82
Low Date 04/02/2026
High 182.73
High Date 08/06/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 183.08
Support 148.09
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.