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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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- 10/30/2026 -
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Raymond James Financial (RJF) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is oversold
Daily :Williams' Percentage Range is strongly overboughtThe Bollinger Bands are historically close together
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It was the negative week for the Raymond James Financial (RJF). During the week, the RJF gave back -0.48 points, or -0.30%, and closed at 157.22 on Friday, October 30, 2026. Weekly volume was 13% above 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 149.24 and resistance is at 183.39. 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 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 147.43 and resistance is at 203.35. 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 oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

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 uptrend had started on October 20, 2026 at 152.93 and reached 161.38 on October 29, 2026. RJF gained -8.45 points, or -5.53%, in 9 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 155.99 and resistance is at 162.02. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

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

The daily MACD line is above its signal line since October 7, 2026. This is an indication that the short-term trend is up.

The distance between the Bollinger Bands (4.43%) is close to one year low (4.40%). It is 54.51% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.85
Williams' Percentage Range (W%R) 9.10
Strong Overbought
Lane's Stochastic (%D-Slow) 69.07
Greed/Fear Indicator (GFI) 68.94
Moving Average Converg./Diverg. (MACD) -2.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.75
Williams' Percentage Range (W%R) 59.30
Lane's Stochastic (%D-Slow) 13.37
Oversold
Greed/Fear Indicator (GFI) 31.27
Moving Average Converg./Diverg. (MACD) 2.15
Trading Signals
Description Value Chart
Yearly Trendline Resistance 183.39
Monthly Trendline Resistance 178.74
50 Day Moving Average 164.61
Upper Bollinger Band 162.24
Weekly Trendline Resistance 162.02
Daily Stochastic Crossing 159.19
20 Day Moving Average 157.73
Price 157.22
Weekly Stochastic Crossing 156.54
Weekly Trendline Support 155.99
Lower Bollinger Band 155.26
Parabolic System 155.13
Monthly Trendline Support 149.56
Yearly Trendline Support 149.24
Quarterly Trendline Support 147.43
Sector and Industry
Description Name Rank
Sector Financials 6
Industry Investment Banking & Brokerage 12
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 161.38
High Date 10/29/2026
Low 155.29
Low Date 10/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 162.02
Support 155.99
Low 152.93
Low Date 10/20/2026
High 161.38
High Date 10/29/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 178.74
Support 149.56
High 182.73
High Date 08/06/2026
Low 152.93
Low Date 10/20/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 203.35
Support 147.43
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 183.39
Support 149.24
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.