TORONTO-DOMINION BANK (TD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TD - CA8911605092 - Common Stock
Overall TD gets a technical rating of 10 out of 10. 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.
- Looking at the yearly performance, TD did better than 91% of all other stocks. We also observe that the gains produced by TD over the past year are nicely spread over this period.
- TD is one of the better performing stocks in the Banks industry, it outperforms 94% of 383 stocks in the same industry.
- TD 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 has an average volume of 2268130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month TD has a been trading in a tight range between 92.22 and 96.44.
Besides having an excellent technical rating, TD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 95.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 94.35, a Stop Loss order could be placed below this zone.
More info and screens
77.35
4 important support areas can be observed.
- A support zone ranging from 92.95 to 94.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @91.15 from a horizontal line in the daily time frame.
- A support zone ranging from 88.47 to 89.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @78.13 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 95.12 to 96.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 91.18 | POSITIVE | TD has a high relative strength, it outperformed 91.18% 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) | 64.56 | NEUTRAL | The RSI value for TD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests TD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.87 | NEUTRAL | The Stochastics value for TD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.23 | LOW VOLATILITY | The low ATR as a percentage value for TD suggests low volalility. |
| Average Directional Index/ADX (14) | 28.98 | POSITIVE | The high ADX value value for TD suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 96.12 | 92.94 | 3.18 (3.31%) | 25.00% |
| An entry @96.12. This is a Buy Stop order right above the resistance zone. | An exit @92.94. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.18 points, which is 3.31%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.83%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
95.11
+0.4 (+0.42%)
TORONTO-DOMINION BANK / TD 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.
Can you provide the RSI signal for TORONTO-DOMINION BANK?
TORONTO-DOMINION BANK (TD) has an RSI value of 64.5567. This indicates that the stock is currently neutral.
What is the MACD signal for TD stock?
The MACD indicator for TORONTO-DOMINION BANK (TD) has a value of -0.327355, indicating a bearish trend.
What is the buy/sell signal for TORONTO-DOMINION BANK (TD) stock?
The buy/sell signal for TORONTO-DOMINION BANK (TD) is buy as both the short term and long term trends are positive.