The Greedy Trader Weekly Analysis
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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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- 7/24/2026 -
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Raymond James Financial (RJF) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtTrend resistance at 169.83
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was a fourth consecutive positive week for the Raymond James Financial (RJF). During the week, the RJF climbed 0.94 points, or 0.56%, and closed at 169.30 on Friday, July 24, 2026. Weekly volume was 16% above 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 140.88 and resistance is at 181.97. 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 (169.83). 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 and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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. The distance between MACD and the signal line is relatively high and getting bigger. 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 172.43 on July 15, 2026. RJF gained -31.37 points, or -22.24%, in 48 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 151.94 and resistance is at 177.38. 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 short-term trend.

Daily Technical Indicators: [See RJF daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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) 57.47
Williams' Percentage Range (W%R) 21.60
Lane's Stochastic (%D-Slow) 46.74
Greed/Fear Indicator (GFI) 60.87
Moving Average Converg./Diverg. (MACD) 3.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.96
Williams' Percentage Range (W%R) 16.60
Overbought
Lane's Stochastic (%D-Slow) 80.11
Overbought
Greed/Fear Indicator (GFI) 73.18
Moving Average Converg./Diverg. (MACD) -0.87
Trading Signals
Description Value Chart
Yearly Trendline Resistance 181.97
Upper Bollinger Band 177.68
Weekly Trendline Resistance 177.38
Parabolic System 171.85
Quarterly Trendline Resistance 169.83
Price 169.30
Daily Stochastic Crossing 167.29
Weekly Stochastic Crossing 166.99
20 Day Moving Average 164.53
50 Day Moving Average 156.83
Weekly Trendline Support 151.94
Lower Bollinger Band 151.63
Yearly Trendline Support 140.88
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Investment Banking & Brokerage 104
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 172.43
High Date 07/15/2026
Low 163.01
Low Date 07/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 177.38
Support 151.94
Low 141.06
Low Date 05/28/2026
High 172.43
High Date 07/15/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 138.82
Low Date 04/02/2026
High 172.43
High Date 07/15/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 169.83
Support 128.66
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 181.97
Support 140.88
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.