(RJF) Pivots Trading Plans and Risk Controls

July 19, 2024, 07:18 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RJF

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short RJF slightly under 116.86, target n/a, stop loss @ 117.2 Details

The technical summary data is suggesting a short of RJF as it gets near 116.86, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 117.2. 116.86 is the first level of resistance above 111.1, and by rule, any test of resistance is a short signal. In this case, if resistance 116.86 is being tested, so a short signal would exist.

Swing Trading Plans for RJF

• Buy RJF slightly over 111.71, target 116.86, Stop Loss @ 111.39 Details

If 111.71 begins to break higher, the technical summary data tells us to buy RJF just slightly over 111.71, with an upside target of 116.86. The data also tells us to set a stop loss @ 111.39 in case the stock turns against the trade. 111.71 is the first level of resistance above 111.1, and by rule, any break above resistance is a buy signal. In this case, 111.71, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short RJF slightly near 111.71, target n/a, Stop Loss @ 112.03. Details

The technical summary data is suggesting a short of RJF if it tests 111.71 with a downside target of n/a. We should have a stop loss in place at 112.03 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 111.71, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for RJF

• Buy RJF slightly over 111.71, target 112, Stop Loss @ 111.45 Details

If 111.71 begins to break higher, the technical summary data tells us to buy RJF just slightly over 111.71, with an upside target of 112. The data also tells us to set a stop loss @ 111.45 in case the stock turns against the trade. 111.71 is the first level of resistance above 111.1, and by rule, any break above resistance is a buy signal. In this case, 111.71, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short RJF slightly near 111.71, target 108.29, Stop Loss @ 111.97. Details

The technical summary data is suggesting a short of RJF if it tests 111.71 with a downside target of 108.29. We should have a stop loss in place at 111.97 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 111.71, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Raymond James Financial Inc. (RJF) available here: RJF.

RJF Ratings for July 19:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	116.86
P2	108.29	111.71	125.11
P3	112	117.5	132.82

AI Generated Signals for RJF

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This Raymond James Financial Inc. (NYSE: RJF) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for RJF change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if RJF is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for RJF too.  All of these are offered below the Summary Table.