TORONTO-DOMINION BANK - TD 4 3/4 PERP (TD-PF-K.CA) Stock Technical Analysis
TSX:TD-PF-K - Toronto Stock Exchange - - Currency: CAD
Taking everything into account, TD-PF-K scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TD-PF-K is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that TD-PF-K is one of the better performing stocks in the market, outperforming 89% of all stocks.
TD-PF-K is part of the Banks industry. There are 29 other stocks in this industry. TD-PF-K outperforms 100% of them.
TD-PF-K is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
TD-PF-K is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
In the last month TD-PF-K has a been trading in a tight range between 24.90 and 25.20.
Although TD-PF-K has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
21.33
25.96
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.27 to 22.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.55 to 21.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.97 to 25.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.70 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TD-PF-K.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TD-PF-K.CA is up. |
| ChartMill Relative Strength | 89.97 | POSITIVE | TD-PF-K.CA has a high relative strength, it outperformed 89.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TD-PF-K.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TD-PF-K.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TD-PF-K.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.05 | OVERBOUGHT | The high RSI value suggests TD-PF-K.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests TD-PF-K.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 89.58 | OVERBOUGHT | The high Stochastics value suggests TD-PF-K.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.1 | LOW VOLATILITY | The low ATR as a percentage value for TD-PF-K.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 44.45 | POSITIVE | The high ADX value value for TD-PF-K.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TORONTO-DOMINION BANK - TD 4 3/4 PERP
TSX:TD-PF-K (10/31/2023, 7:00:00 PM)
24.965
-0.02 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.1%
1 Week-0.02%
2 Weeks0.1%
1 Month-0.85%
3 Month12.96%
6 Month21.19%
12 Month18.32%
2 Year-2.29%
3 Year24.45%
5 Year0.06%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%0.1%
ATR Inc45.83%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.97
Mansfield1.55
10 Day High24.99
10 Day Low24.94
20 Day High25.2
20 Day Low24.9
52 Week High25.2
52 Week Low19.31
CS1 End22.34
CR1 Start24.97
Volume & EV
DER(3)0%
DER(5)0.2%
Volume2.04K
Volume Incr-85.74%
Vol(5)8.49K
Vol(50)55.23K