TORONTO-DOMINION BANK (TD) Stock Technical Analysis
NYSE:TD - New York Stock Exchange, Inc. - CA8911605092 - Common Stock - Currency: USD
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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, TD did better than 85% of all other stocks.
TD is one of the better performing stocks in the Banks industry, it outperforms 84% of 395 stocks in the same industry.
A new 52 week high is currently being made by TD, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month TD has a been trading in the 68.98 - 73.52 range, which is quite wide. It is currently trading near the high of this range.
TD has an average volume of 1855590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
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
55.76
74.18
We found 4 important support areas.
- A support zone ranging from 63.05 to 63.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @60.92 from a trend line in the weekly time frame.
- Support @59.00 from a trend line in the daily time frame.
- A support zone ranging from 56.32 to 56.55. This zone is formed by a combination of multiple trend lines in the daily 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TD is up. |
| ChartMill Relative Strength | 85.14 | POSITIVE | TD has a high relative strength, it outperformed 85.14% 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) | 79.44 | OVERBOUGHT | The high RSI value suggests TD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 92.18 | OVERBOUGHT | The high Stochastics value suggests TD may be overbought. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for TD suggests low volalility. |
| Average Directional Index/ADX (14) | 65.71 | POSITIVE | The high ADX value value for TD 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)
73.45
+0.86 (+1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.18%
1 Week3.19%
2 Weeks3.74%
1 Month6.37%
3 Month28.77%
6 Month36.5%
12 Month32.99%
2 Year18.45%
3 Year12%
5 Year64.65%
10 Year72.78%
15 Year126.31%
Volatility
ATR(14)0.82
ATR(20)%1.03%
ATR Inc24.27%
Range Today0.91
ADR(20)0.72
ADR(20)%0.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.14
Mansfield1.41
10 Day High73.52
10 Day Low70.5
20 Day High73.52
20 Day Low68.99
52 Week High73.52
52 Week Low51.25
CS1 End63.18
CR1 Start72.6
Volume & EV
DER(3)2.43%
DER(5)1.97%
Volume1.53M
Volume Incr60.83%
Vol(5)2.66M
Vol(50)1.86M