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 May 07, 2024)
The Raymond James Financial Inc stock price fell by -0.247% on the last day (Tuesday, 7th May 2024) from $125.58 to $125.27. During the last trading day the stock fluctuated 1.01% from a day low at $125.24 to a day high of $126.50. The price has risen in 6 of the last 10 days but is still down by -1.47% 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 -108 thousand shares and in total, 576 thousand shares were bought and sold for approximately $72.13 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.66% during the next 3 months and, with a 90% probability hold a price between $130.90 and $143.46 at the end of this 3-month period.
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RJF Signals & Forecast
The Raymond James Financial Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $123.86 and $125.20. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -3.63%. Further fall is indicated until a new bottom pivot has been found. 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 $123.60 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 $1.26 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.43%.
Our recommended stop-loss: $120.39 (-3.89%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (RJF) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Raymond James Financial Inc to open at $125.67, and during the day (based on 14 day Average True Range), to move between $122.84 and $127.70, which gives a possible trading interval of +/-$2.43 (+/-1.94%) 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 3.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $126.46 (0.95%) than the support at $123.60 (1.33%), 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?
Raymond James Financial Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.468 Hold/Accumulate Unchanged
Predicted Opening Price for Raymond James Financial Inc of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $125.67 ( 0.319%) | $125.27 |
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 | 126.93 | 1.33 % | |
| R2 | 126.45 | 0.94 % | ||
| R1 | 126.15 | 0.704 % | ||
| Current price: | 125.27 | |||
| Support | S1 | 125.19 | -0.0649 % | |
| S2 | 124.89 | -0.302 % | ||
| S3 | 124.41 | -0.687 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 127.54 | 1.81 % | |
| R2 | 127.14 | 1.49 % | ||
| R1 | 126.46 | 0.95 % | ||
| Current price | 125.27 | |||
| Support | S1 | 123.60 | -1.33% | |
| S2 | 122.55 | -2.17% | ||
| S3 | 121.95 | -2.65% |
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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