Raymond James Financial Inc Stock Forecast
Red day on Friday for Raymond James Financial Inc
(Updated on Apr 26, 2024)
The Raymond James Financial Inc stock price fell by -0.0738% on the last day (Friday, 26th Apr 2024) from $121.95 to $121.86. During the last trading day the stock fluctuated 2.56% from a day low at $120.54 to a day high of $123.62. The price has risen in 6 of the last 10 days but is still down by -0.56% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 1 million shares were bought and sold for approximately $142.47 million.
Given the current short-term trend, the stock is expected to rise 12.71% during the next 3 months and, with a 90% probability hold a price between $137.35 and $150.35 at the end of this 3-month period.
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RJF Signals & Forecast
There are few to no technical positive signals at the moment. The Raymond James Financial Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $124.22 and $124.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -6.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Raymond James Financial Inc stock
Raymond James Financial Inc finds support from accumulated volume at $120.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.08 (2.56%) between high and low. For the last week, the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RJF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Raymond James Financial Inc to open at $122.01, and during the day (based on 14 day Average True Range), to move between $119.07 and $124.65, which gives a possible trading interval of +/-$2.79 (+/-2.29%) up or down from last closing price. If Raymond James Financial Inc takes out the full calculated possible swing range there will be an estimated 4.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $121.95 (0.07%) than the support at $120.00 (1.53%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Raymond James Financial Inc stock A Buy?
The Raymond James Financial Inc stock holds several negative signals and despite the positive trend, we believe Raymond James Financial Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.465 Sell Candidate Unchanged
Predicted Opening Price for Raymond James Financial Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $122.01 ( 0.120%) | $121.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RJF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 125.09 | 2.65 % | |
| R2 | 123.91 | 1.68 % | ||
| R1 | 123.18 | 1.09 % | ||
| Current price: | 121.86 | |||
| Support | S1 | 120.83 | -0.85 % | |
| S2 | 120.10 | -1.44 % | ||
| S3 | 118.93 | -2.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 124.50 | 2.17 % | |
| R2 | 123.60 | 1.43 % | ||
| R1 | 121.95 | 0.0739 % | ||
| Current price | 121.86 | |||
| Support | S1 | 120.00 | -1.53% | |
| S2 | 113.49 | -6.87% | ||
| S3 | 112.27 | -7.87% |
RJF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.450 | 0.367% |
| 2 | Nov 30, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.450 | 0.412% |
| 3 | Aug 21, 2023 | Sep 29, 2023 | Oct 16, 2023 | $0.420 | 0.414% |
| 4 | May 24, 2023 | Jun 30, 2023 | Jul 17, 2023 | $0.420 | 0.394% |
| 5 | Feb 24, 2023 | Mar 31, 2023 | Jul 17, 2023 | $0.420 | 0.394% |
FAQ
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