TORONTO-DOMINION BANK (TD) Technical Analysis
NYSE:TD • CA8911605092
Current stock price
TD Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to TD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TD 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 is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, TD also shows a nice and consistent pattern of rising prices.
- TD is one of the better performing stocks in the Banks industry, it outperforms 96% of 376 stocks in the same industry.
- TD is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TD has a been trading in the 91.05 - 106.94 range, which is quite wide. It is currently trading near the high of this range.
- TD has an average volume of 2678230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TD Weekly and Daily overview Charts
TD Setup Rating and Analysis
Although TD 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
TD Support and Resistance Analysis
90.24
We found 3 important support areas.
- A support zone ranging from 97.00 to 98.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 93.41 to 94.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 91.15 to 91.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
TD Technical Indicator Signal Analysis
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TD is up. |
| ChartMill Relative Strength | 87.41 | POSITIVE | TD has a high relative strength, it outperformed 87.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.53 | OVERBOUGHT | The high RSI value suggests TD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.92 | POSITIVE | The MACD value suggests TD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.66 | OVERBOUGHT | The high Stochastics value suggests TD may be overbought. |
| Average True Range in percent/ATR (20) | 1.54 | LOW VOLATILITY | The low ATR as a percentage value for TD suggests low volalility. |
| Average Directional Index/ADX (14) | 26.33 | POSITIVE | The high ADX value value for TD suggests a strong trend. |
TD Chart- and CandleStick Pattern Analysis
TD Technicals: Chart, Performance Metrics, Trend & Indicators
105.33
-1.11 (-1.04%)
TORONTO-DOMINION BANK / TD TA FAQ
What is the ChartMill technical rating of TORONTO-DOMINION BANK (TD) stock?
ChartMill assigns a technical rating of 10 / 10 to TD.
What is the current trend direction of TORONTO-DOMINION BANK (TD) stock?
The current trend direction for TORONTO-DOMINION BANK (TD) is Bullish.
What is the RSI signal for TORONTO-DOMINION BANK (TD) stock?
TORONTO-DOMINION BANK (TD) has an RSI value of 72.5343. This indicates that the stock is currently overbought.
Can you provide the short term momentum for TORONTO-DOMINION BANK?
The short term momentum for TORONTO-DOMINION BANK (TD) is positive.
What are the support and resistance levels for TORONTO-DOMINION BANK (TD) stock?
TORONTO-DOMINION BANK (TD) has a support level at 98.5. Check the full technical report for our detailed analysis of TD support and resistance levels.