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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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- 8/28/2026 -
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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 182.48
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Raymond James Financial (RJF). During the week, the RJF gained 4.16 points, or 2.37%, and closed at 179.36 on Friday, August 28, 2026. Weekly volume was -16% 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 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 price is near the trend resistance line (182.48). 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 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 144.83 and resistance is at 188.23. 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 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. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend 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 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 75.58% 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.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 50.59
Williams' Percentage Range (W%R) 40.40
Lane's Stochastic (%D-Slow) 53.49
Greed/Fear Indicator (GFI) 54.55
Moving Average Converg./Diverg. (MACD) 2.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.80
Williams' Percentage Range (W%R) 13.40
Overbought
Lane's Stochastic (%D-Slow) 89.45
Overbought
Greed/Fear Indicator (GFI) 80.19
Overbought
Moving Average Converg./Diverg. (MACD) 2.83
Trading Signals
Description Value Chart
Monthly Trendline Resistance 193.57
Quarterly Trendline Resistance 188.23
Yearly Trendline Resistance 182.48
Upper Bollinger Band 180.85
Weekly Stochastic Crossing 180.39
Price 179.36
20 Day Moving Average 178.13
Daily Stochastic Crossing 176.03
Lower Bollinger Band 171.64
50 Day Moving Average 170.09
Parabolic System 168.76
Monthly Trendline Support 158.92
Yearly Trendline Support 145.86
Quarterly Trendline Support 144.83
Sector and Industry
Description Name Rank
Sector Financials 10
Industry Investment Banking & Brokerage 81
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 168.93
Low Date 08/26/2026
High 179.61
High Date 08/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 182.73
High Date 08/06/2026
Low 168.93
Low Date 08/26/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 193.57
Support 158.92
Low 141.06
Low Date 05/28/2026
High 182.73
High Date 08/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 188.23
Support 144.83
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 Test Resistance
Resistance 182.48
Support 145.86
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.