Raymond James Financial, Inc. Stock Forecast

Raymond James Financial, Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 17, 2024)

RJF-PB 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. On corrections up, there will be some resistance from the lines at $25.29 and $25.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -1.75%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, November 29, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Raymond James Financial, Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0100 between high and low, or 0.0401%. For the last week the stock has had daily average volatility of 0.195%

Raymond James Financial, Inc. is oversold on RSI14 (27). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $23.84 (-4.50%) (This stock has low daily movements and this gives low risk. Low RSI14 is 27 which reduces the risk some. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (RJF-PB) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Raymond James Financial, Inc. to open at $24.96, and during the day (based on 14 day Average True Range), to move between $24.90 and $25.02, which gives a possible trading interval of +/-$0.0612 (+/-0.25%) 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 0.49% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $25.01, some $0.0500 (0.20%) from the current price of $24.96, our system finds the risk reward not very attractive.

Is Raymond James Financial, Inc. stock A Buy?

Raymond James Financial, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.975 Hold/Accumulate Upgraded

Predicted Opening Price for Raymond James Financial, Inc. of Tuesday, June 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.