RAYMOND JAMES FINANCIAL INC. - Daily - Technical analysis published on 10/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 76.76 USD
My targets
73.31 USD (-4.14%)
71.54 USD (-6.46%)
My analysis
The bearish trend is currently very strong for RAYMOND JAMES FINANCIAL INC.. As long as the price remains below the resistance at 76.76 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 73.31 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 71.54 USD as an objective. Crossing it would then enable sellers to target 69.75 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RAYMOND JAMES FINANCIAL INC. rating is 76.48 USD. On the day, this instrument lost -2.11% and was between 76.33 USD and 77.33 USD. This implies that the price is at +0.20% from its lowest and at -1.10% from its highest.76.33
77.33
76.48
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RAYMOND JAMES FINANCIAL INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of RAYMOND JAMES FINANCIAL INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 69.75 | 71.54 | 73.31 | 76.48 | 76.76 | 80.11 | 84.82 |
| Change (%) | -8.80% | -6.46% | -4.14% | - | +0.37% | +4.75% | +10.90% |
| Change | -6.73 | -4.94 | -3.17 | - | +0.28 | +3.63 | +8.34 |
| Level | Major | Minor | Major | - | Major | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.57 | 77.16 | 77.65 | 78.24 | 78.73 | 79.32 | 79.81 |
| Camarilla | 77.83 | 77.93 | 78.03 | 78.13 | 78.23 | 78.33 | 78.43 |
| Woodie | 76.51 | 77.14 | 77.59 | 78.22 | 78.67 | 79.30 | 79.75 |
| Fibonacci | 77.16 | 77.58 | 77.83 | 78.24 | 78.66 | 78.91 | 79.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.41 | 70.93 | 74.77 | 79.29 | 83.13 | 87.65 | 91.49 |
| Camarilla | 76.32 | 77.09 | 77.85 | 78.62 | 79.39 | 80.15 | 80.92 |
| Woodie | 66.08 | 70.76 | 74.44 | 79.12 | 82.80 | 87.48 | 91.16 |
| Fibonacci | 70.93 | 74.12 | 76.09 | 79.29 | 82.48 | 84.45 | 87.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.72 | 70.30 | 76.38 | 81.96 | 88.04 | 93.62 | 99.71 |
| Camarilla | 79.25 | 80.32 | 81.39 | 82.46 | 83.53 | 84.60 | 85.67 |
| Woodie | 64.97 | 70.42 | 76.63 | 82.09 | 88.29 | 93.75 | 99.95 |
| Fibonacci | 70.30 | 74.75 | 77.51 | 81.96 | 86.42 | 89.17 | 93.62 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.26 | |
| MACD (12,26,9): | -0.8200 | |
| Directional Movement: | -22.57 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 80.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 80.22 | |
| Elder Ray (13): | -3.27 | |
| Super Trend (3,10): | 82.54 | |
| Zig ZAG (10): | 76.60 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 21.68 | |
| TEMA (21): | 78.86 | |
| Williams %R (14): | -89.80 | |
| Chande Momentum Oscillator (20): | -7.46 | |
| Repulse (5,40,3): | -1.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 14.87 |
| MA7: | 78.70 | |
| MA20: | 82.82 | |
| MA50: | 79.47 | |
| MA100: | 81.48 | |
| MAexp7: | 78.79 | |
| MAexp20: | 80.73 | |
| MAexp50: | 80.92 | |
| MAexp100: | 81.30 | |
| Price / MA7: | -2.82% | |
| Price / MA20: | -7.66% | |
| Price / MA50: | -3.76% | |
| Price / MA100: | -6.14% | |
| Price / MAexp7: | -2.93% | |
| Price / MAexp20: | -5.26% | |
| Price / MAexp50: | -5.49% | |
| Price / MAexp100: | -5.93% |
News
Don"t forget to follow the news on RAYMOND JAMES FINANCIAL INC.. At the time of publication of this analysis, the latest news was as follows:
- Veteran on disability files claim against Raymond James
- Steward Partners Global Advisory Hires Jim Connors to be Divisional President in New England
This member declared not having a position on this financial instrument or a related financial instrument.
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