Raymond James stock extends rally with 8.5 percent weekly jump amid strong technical momentum

Traders Union
All News
Companies
Raymond James jumps 2.83% today

Highlights

Raymond James is trading in a strong uptrend, holding well above major support levels after an 8.5% weekly gain.
Momentum remains bullish but overbought, with technical indicators signaling elevated demand and limited signs of near-term consolidation.
Price is expected to consolidate between $162.00 and $164.00; a break above $163.94 targets the upper $164s, while a drop below $158.24 could trigger downside toward $155.

Sustained uptrend as prices remain well above key moving averages

Raymond James (RJF) is trading at $162.66, well above its key SMA levels: MA-20 at $153.89, MA-50 at $153.04, and MA-200 at $158.24, confirming strong short-, medium-, and long-term uptrends. The Ichimoku Kijun on D1 sits at $152.50, serving as immediate support; near-term support is at MA-200 ($158.24) and MA-100 ($151.91), with key resistance at today's high ($163.94) and the 52-week high ($177.66).

Overbought momentum as bullish demand drives weekly breakout

Momentum remains bullish on D1, with MACD in "Buy" and ADX indicating a weak trend at 12.44. RSI at 65.18 is bullish though approaching overbought, reinforced by CCI at 175.67 and Stoch RSI at 100, clearly signaling overbought conditions. BBP shows clear buyer dominance, while the AO supports the prevailing upside. In today's session, RJF has advanced 2.83%, reflecting significant intraday demand. RJF is trading at the very top of its weekly range, up sharply from last week's close of $149.94, reflecting an 8.48% gain. Weekly volatility stands at 11.72%, with the tone showing an extension higher with little sign of consolidation.

Upside probability dominates as bullish signals outweigh lone bearish MACD

Looking ahead to the next week, RJF is expected to trade in a corridor between $162.00 and $164.00, keeping price very close to the recent highs and well above the 52-week low of $139.51 but below the 52-week high of $177.66. Based on the D1 and W1 technical setup—three out of four key indicators (RSI-W1, ADX-W1, MA-50-W1) are bullish, while MACD-W1 remains a strong sell—there is a high probability (more than 80%) of continued upward movement, with a much lower probability of a downside reversal. The baseline scenario sees RJF consolidating near recent highs. Should price break above $163.94 resistance, the bullish scenario would target the upper $164s, while a drop below $158.24 support could trigger a bearish move toward $155.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Previously it was reported that Raymond James was exhibiting strong technical momentum, with a broadly bullish outlook supported by price action and key indicators despite pockets of caution. As the situation evolves, traders should pay close attention to whether the stock sustains its position above recent support levels, as this will help define the next phase of its trend.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.