Technical Analysis:
RJF is currently showing bearish signals with RSI at 29.77, indicating oversold conditions. The stock closed at $151.54 on Friday, down 2.28% in regular trading hours. Price is trading below all major moving averages (SMA 5/10/20), suggesting strong downward momentum.
Support/Resistance Levels:
- Key support levels: $152.58 (Fibonacci S1), $147.83 (Fibonacci S2)
- Key resistance levels: $167.93 (Fibonacci R1), $172.68 (Fibonacci R2)
News Impact:
- Positive news: Lisa Detanna named to Forbes' 2025 Top Women Wealth Advisors list
- Quarterly dividend declaration of $0.50 per share maintained
- Q1 2025 earnings beat with EPS of $2.93 vs $2.69 expected
Price Prediction for Next Week:
Based on technical indicators and recent price action:
- Bearish scenario (60% probability): Stock likely to test Fibonacci S1 at $152.58 first, with potential further decline to $147.83
- Bullish scenario (40% probability): If oversold conditions trigger a rebound, price could recover to $160.25 (Fibonacci pivot)
Recommendation: SELL
- Entry: Current market price ($151.54)
- Target: $147.83
- Stop loss: $155.50
Rationale:
- Bearish momentum confirmed by price below key moving averages
- Despite positive fundamental news, technical indicators suggest continued downward pressure
- Volume increase on down days indicates selling pressure
Technical Analysis:
RJF is currently showing bearish signals with RSI at 29.77, indicating oversold conditions. The stock closed at $151.54 on Friday, down 2.28% in regular trading hours. Price is trading below all major moving averages (SMA 5/10/20), suggesting strong downward momentum.
Support/Resistance Levels:
- Key support levels: $152.58 (Fibonacci S1), $147.83 (Fibonacci S2)
- Key resistance levels: $167.93 (Fibonacci R1), $172.68 (Fibonacci R2)
News Impact:
- Positive news: Lisa Detanna named to Forbes' 2025 Top Women Wealth Advisors list
- Quarterly dividend declaration of $0.50 per share maintained
- Q1 2025 earnings beat with EPS of $2.93 vs $2.69 expected
Price Prediction for Next Week:
Based on technical indicators and recent price action:
- Bearish scenario (60% probability): Stock likely to test Fibonacci S1 at $152.58 first, with potential further decline to $147.83
- Bullish scenario (40% probability): If oversold conditions trigger a rebound, price could recover to $160.25 (Fibonacci pivot)
Recommendation: SELL
- Entry: Current market price ($151.54)
- Target: $147.83
- Stop loss: $155.50
Rationale:
- Bearish momentum confirmed by price below key moving averages
- Despite positive fundamental news, technical indicators suggest continued downward pressure
- Volume increase on down days indicates selling pressure