RAYMOND JAMES FINANCIAL INC (NYSE:RJF) - A Strong Technical Setup for Breakout Traders

RAYMOND JAMES FINANCIAL INC (NYSE:RJF) has been identified as a potential breakout candidate by our technical screening process. The stock combines solid technical strength with a high-quality consolidation pattern, making it worth a closer look for traders focused on momentum setups.

Technical Strength

• Rating of 7/10: RJF’s technical score reflects a healthy trend, with both short-term and long-term momentum pointing upward.
• Relative Strength: The stock outperforms 75% of its peers in the Capital Markets industry, indicating strong sector leadership.
• Trend Support: Key moving averages (20-day, 50-day, and 200-day) are aligned positively, reinforcing the bullish structure.
• Recent Performance: RJF has traded in a range between $142.18 and $153.15 over the past month and is currently testing the upper boundary.

Setup Quality

• Perfect 10/10 Setup Score: The stock is in a tight consolidation, with declining volatility and clear support near $149.06.
• Institutional Interest: Recent volume patterns suggest accumulation by larger investors, supported by a recent Pocket Pivot signal.
• Breakout Potential: A move above $154.68 could trigger a breakout, with limited overhead resistance. The suggested stop level sits at $145.32, keeping risk manageable.

For a deeper analysis, review the full technical report for RJF.

Our Technical Breakout Setups screener updates daily with new potential breakout candidates.

Disclaimer

This is not investment advice. Always conduct your own analysis and consider risk management before trading.