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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Raymond James Financial (RJF) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Raymond James Financial (RJF). During the week, the RJF gained 4.36 points, or 3.17%, and closed at 141.76 on Friday, May 2, 2025. Weekly volume was -19% 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 174.30 on January 29, 2025. RJF gained -82.63 points, or -90.14%, in 66 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 116.29 and resistance is at 187.97. 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 long-term trend.
 Medium-term trend: [See RJF medium-term trend chart]
A medium-term downtrend had started on January 29, 2025 at 174.30 and reached 117.60 on April 7, 2025. RJF lost 56.70 points, or 32.53%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (100.59) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. RJF may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line 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 February 7, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 24, 2025 at 131.85 and reached 142.22 on May 2, 2025. RJF gained -10.37 points, or -7.86%, in 8 days. Price is near the trend high.
 Daily Technical Indicators: [See RJF daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 10, 2025. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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