April 22, 2025 a 11:31 am
RJF: Fibonacci Analysis - Raymond James Financial, Inc.
Raymond James Financial, Inc., witnessed a noticeable price fluctuation in recent months. The company's diverse financial services portfolio spans across private client groups, capital markets, asset management, and banking, providing a solid growth foundation. However, the recent downward trend indicates potential volatility in its share price. Analyzing the Fibonacci retracement levels could provide insights into possible future support or resistance levels for RJF's stock price.
Fibonacci Analysis
The Raymond James Financial, Inc. stock has shown a significant downward trend as evidenced by historical price data. This trend was marked by a high point at $172.02 on January 29, 2025, and a low point reaching $123 on October 1, 2024. The calculation of Fibonacci retracement levels based on this downtrend is as follows:
| Retracement Level | Price Level |
|---|---|
| 0.236 | 136.8392 |
| 0.382 | 142.8622 |
| 0.5 | 147.51 |
| 0.618 | 152.1578 |
| 0.786 | 158.5578 |
Trend Analysis Details:
| Start Date | End Date | High Price | Low Price | Current Price | Retracement Zone | Interpretation |
|---|---|---|---|---|---|---|
| 2024-10-01 | 2025-01-29 | $172.02 (2025-01-29) | $123 (2024-10-01) | $130.84 (2025-04-21) | 0.236 | The current price is slightly above the 0.236 level, suggesting potential resistance at this level. |
Conclusion
The stock of Raymond James Financial, Inc., has experienced a significant downtrend from October 2024 to April 2025. The calculated Fibonacci levels indicate possible price resistance at different points, with the current price hovering near the 0.236 retracement range. This suggests a potential pause in the downtrend, but further declines could see the stock test lower Fibonacci levels for support. Analysts should monitor these levels closely for any reversal signals, as a breach through multiple Fibonacci levels may signal continued weakness. Investors should remain cautious in the short term, given the current technical signals.