The Greedy Trader Weekly Analysis
Sign In Jul 19, 2024
Skip Navigation Links
Share
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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.

Archive
- 7/12/2024 -
Sign In to see current Signals.

Raymond James Financial (RJF) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorPrice is near the Fibonacci 23.6% retracement level
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week for the Raymond James Financial (RJF). During the week, the RJF gained 1.55 points, or 1.30%, and closed at 121.06 on Friday, July 12, 2024. Weekly volume was 16% above average.

RJF is a member of Financials Sector. Financials is the second 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 131.19 on April 4, 2024. RJF gained -39.52 points, or -43.11%, in 23 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See RJF medium-term trend chart]
A medium-term downtrend had started on April 4, 2024 at 131.19 and reached 115.06 on June 14, 2024. RJF lost 16.13 points, or 12.30%, in 10 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 113.26 and resistance is at 124.99. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel 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 May 17, 2024. This is an indication that the medium-term trend is down. 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 July 1, 2024 at 124.82 and reached 117.17 on July 9, 2024. RJF lost 7.65 points, or 6.13%, in 8 days. The price is now at the 50.85% retracement level.

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

The daily MACD line is above its signal line since July 11, 2024. The distance between MACD and the signal line is low and getting smaller.

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.

Price is close to the 50 Day Moving Average. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.29
Williams' Percentage Range (W%R) 35.80
Lane's Stochastic (%D-Slow) 30.70
Greed/Fear Indicator (GFI) 48.74
Moving Average Converg./Diverg. (MACD) -0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.34
Williams' Percentage Range (W%R) 61.10
Lane's Stochastic (%D-Slow) 32.93
Greed/Fear Indicator (GFI) 40.40
Moving Average Converg./Diverg. (MACD) 3.50
Trading Signals
Description Value Chart
Monthly Trendline Resistance 124.99
Upper Bollinger Band 124.66
50 Day Moving Average 122.06
Price 121.06
20 Day Moving Average 120.18
Weekly Stochastic Crossing 120.11
Daily Stochastic Crossing 119.40
Parabolic System 117.27
Lower Bollinger Band 116.46
Monthly Trendline Support 113.26
Sector and Industry
Description Name Rank
Sector Financials 8
Industry Investment Banking & Brokerage 81
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 124.82
High Date 07/01/2024
Low 117.17
Low Date 07/09/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 115.06
Low Date 06/14/2024
High 124.82
High Date 07/01/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 124.99
Support 113.26
High 131.19
High Date 04/04/2024
Low 115.06
Low Date 06/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.67
Low Date 10/25/2023
High 131.19
High Date 04/04/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 143.14
High Date 08/30/2021
Low 82.00
Low Date 05/04/2023
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.