TORONTO-DOMINION BANK (TD) Technical Analysis
NYSE:TD • CA8911605092
Current stock price
TD Technical Rating and Analysis
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.
- The long and short term trends are both positive. This is looking good!
- 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. We also observe that the gains produced by TD over the past year are nicely spread over this period.
- TD is part of the Banks industry. There are 376 other stocks in this industry. TD outperforms 96% of them.
- 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.
- 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 2639220 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, the quality of the presented setup is not ideal 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
When analyzing the support we can see 2 important areas.
- A support zone ranging from 93.67 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 105.35 to 106.44. 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 | 87.28 | POSITIVE | TD has a high relative strength, it outperformed 87.28% 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) | 69.7 | NEUTRAL | The RSI value for TD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests TD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.85 | OVERBOUGHT | The high Stochastics value suggests TD may be overbought. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for TD suggests low volalility. |
| Average Directional Index/ADX (14) | 27.54 | 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
105.03
+0.46 (+0.44%)
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 69.7018. This indicates that the stock is currently neutral.
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 94.06 and a resistance level at 105.35. Check the full technical report for our detailed analysis of TD support and resistance levels.