The cross of death hangs over Raymond James Financial Investors

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If history is any guide, there may be trouble ahead for the actions of Raymond James Financial RJF. A so-called “death cross” has formed on its chart and, unsurprisingly, this could be bearish for the stock.

What there is to know: Many traders use moving average crossover systems to make their decisions.

When a short-term average price rises above a longer-term average price, it can mean that the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is down.

Why it matters: 50 and 200 day simple moving averages are commonly used.

The death cross occurs when the 50 days pass below the 200 days. This could mean that the long-term trend is changing.

This just happened with Raymond James Financial, which is trading around $85.27 at press time.

Remember: Seasoned investors don’t trade death crosses blindly.

Instead, they use it as a signal to start looking for short positions based on other factors, such as price levels and company fundamentals and events.

For seasoned investors, this is just a sign that it may be time to start considering possible short positions.

With that in mind, take a look at past and future earnings forecasts from Raymond James Financial:








Trimester Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS estimate 1.64 1.76 1.71 2.33
Actual EPS 1.55 2.12 2.06 2.74
Revenue estimate 2.68B 2.64B 2.54B 2.37B
Actual turnover 2.67B 2.78B 2.69B 2.47B








Trimester Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS estimate 1.64 1.76 1.71 2.33
Actual EPS 1.55 2.12 2.06 2.74
Revenue estimate 2.68B 2.64B 2.54B 2.37B
Actual turnover 2.67B 2.78B 2.69B 2.47B

Also consider this overview of analyst ratings from Raymond James Financial:

Do you use the Death Cross signal in your trading or investing? Share this article with a friend if you found it helpful!

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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