Raymond James Financial RJF Technical Analysis – Stock Traders Daily

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Source: Stock Traders Daily

Longer Term Trading Plans for RJF
  • Buy RJF over 99.88 target 106.49 stop loss @ 99.59 Details
  • The technical summary data tells us to buy RJF near 99.88 with an upside target of 106.49. This data also tells us to set a stop loss @ 99.59 to protect against excessive loss in case the stock begins to move against the trade. 99.88 is the first level of support below 100.75 , and by rule, any test of support is a buy signal. In this case, support 99.88 is being tested, a buy signal would exist.

  • Short RJF under 106.49, target 99.88, stop loss @ 106.8 Details
  • The technical summary data is suggesting a short of RJF as it gets near 106.49 with a downside target of 99.88. We should have a stop loss in place at 106.8though. 106.49 is the first level of resistance above 100.75, and by rule, any test of resistance is a short signal. In this case, if resistance 106.49 is being tested, a short signal would exist.

Swing Trading Plans for RJF
  • Buy RJF over 101.36, target 106.49, Stop Loss @ 101.07 Details
  • If 101.36 begins to break higher, the technical summary data tells us to buy RJF just over 101.36, with an upside target of 106.49. The data also tells us to set a stop loss @ 101.07 in case the stock turns against the trade. 101.36 is the first level of resistance above 100.75, and by rule, any break above resistance is a buy signal. In this case, 101.36, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RJF near 101.36, target 99.88, Stop Loss @ 101.65. Details
  • The technical summary data is suggesting a short of RJF if it tests 101.36 with a downside target of 99.88. We should have a stop loss in place at 101.65 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 101.36, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for RJF
  • Buy RJF over 100.76, target 101.36, Stop Loss @ 100.52 Details
  • If 100.76 begins to break higher, the technical summary data tells us to buy RJF just over 100.76, with an upside target of 101.36. The data also tells us to set a stop loss @ 100.52 in case the stock turns against the trade. 100.76 is the first level of resistance above 100.75, and by rule, any break above resistance is a buy signal. In this case, 100.76, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RJF near 100.76, target 99.88, Stop Loss @ 101. Details
  • The technical summary data is suggesting a short of RJF if it tests 100.76 with a downside target of 99.88. We should have a stop loss in place at 101 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 100.76, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

RJF Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Neutral Strong Strong
P1 0 0 93.34
P2 99.54 99.07 99.88
P3 100.76 101.36 106.49

This proprietary methodology is designed to optimize trading in Raymond James Financial (NYSE: RJF) and establish prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for RJF change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if RJF is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for RJF too.  All of these are offered below the Summary Table.

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Fundamental Charts for RJF

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