Raymond James Financial, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Tuesday for Raymond James Financial, Inc.
(Updated on Jun 25, 2024)
The Raymond James Financial, Inc. stock price fell by -0.0400% on the last day (Tuesday, 25th Jun 2024) from $25.01 to $25.00. During the last trading day the stock fluctuated 0.0352% from a day low at $24.99 to a day high of $25.00. The price has fallen in 6 of the last 10 days and is down by -1.58% for this period. Volume has increased on the last day by 385 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately $35.38 thousand.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $24.98 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Raymond James Financial, Inc. stock with a 90% probability to be traded between $25.17 and $25.63 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RJF-PB Signals & Forecast
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 $25.00 and $25.23. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Raymond James Financial, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.160%. Further rise is indicated until a new top pivot has been found. 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.
Golden Star 12 Months
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
Raymond James Financial, Inc. finds support from accumulated volume at $24.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0088 between high and low, or 0.0352%. For the last week the stock has had daily average volatility of 0.143%.
Raymond James Financial, Inc. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $23.63 (-5.50%) (This stock has low daily movements and this gives low risk. Low RSI14 is 23 which reduces the risk some. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (RJF-PB) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Raymond James Financial, Inc. to open at $25.00, and during the day (based on 14 day Average True Range), to move between $24.94 and $25.06, which gives a possible trading interval of +/-$0.0557 (+/-0.22%) 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 0.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.01 (0.04%) than the support at $24.96 (0.16%), 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?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.005 Buy Candidate Unchanged
Predicted Opening Price for Raymond James Financial, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $25.00 ( 0.0117%) | $25.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RJF-PB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.01 | 0.0235% |
| R2 | 25.00 | 0.0100% |
| R1 | 25.00 | 0.0017% |
| Price | 25.00 | |
| S1 | 24.99 | -0.0252% |
| S2 | 24.99 | -0.0335% |
| S3 | 24.99 | -0.0469% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.37 | 1.48% |
| R2 | 25.05 | 0.200% |
| R1 | 25.01 | 0.0400% |
| Price | 25.00 | |
| S1 | 24.96 | -0.160% |
| S2 | 0 | - |
| S3 | 0 | - |
RJF-PB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.398 | 1.59% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.398 | 1.59% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.398 | 1.59% |
| 4 | Sep 14, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.398 | 1.60% |
| 5 | Jun 14, 2023 | Jun 14, 2023 | Jul 03, 2023 | $0.398 | 1.59% |
FAQ
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