TORONTO-DOMINION BANK (TD) Stock Technical Analysis
NYSE:TD - New York Stock Exchange, Inc. - CA8911605092 - Common Stock - Currency: USD
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!
Looking at the yearly performance, TD did better than 87% 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 part of the Banks industry. There are 396 other stocks in this industry. TD outperforms 79% of them.
A new 52 week high is currently being made by TD, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so TD is leading the market.
In the last month TD has a been trading in the 62.23 - 68.05 range, which is quite wide. It is currently trading near the high of this range.
TD has an average volume of 2061190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although TD has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
55.76
68.38
When analyzing the support we can see 4 important areas.
- A support zone ranging from 63.05 to 64.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @59.13 from a trend line in the weekly time frame.
- Support @57.61 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 | 87.42 | POSITIVE | TD has a high relative strength, it outperformed 87.42% 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) | 78.15 | OVERBOUGHT | The high RSI value suggests TD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests TD has a positive trend. |
| Stochastics (14,3) | 89.69 | OVERBOUGHT | The high Stochastics value suggests TD may be overbought. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for TD suggests low volalility. |
| Average Directional Index/ADX (14) | 40.63 | 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)
67.7
+0.75 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.12%
1 Week5.27%
2 Weeks7.15%
1 Month8.89%
3 Month13.15%
6 Month20.55%
12 Month19.7%
2 Year19.61%
3 Year-11.24%
5 Year58.18%
10 Year55.38%
15 Year97.75%
Volatility
ATR(14)0.9
ATR(20)%1.31%
ATR Inc210.84%
Range Today1.52
ADR(20)0.84
ADR(20)%1.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.42
Mansfield1.43
10 Day High68.05
10 Day Low63.11
20 Day High68.05
20 Day Low62.23
52 Week High68.05
52 Week Low51.25
CS1 End64.97
CR1 StartN/A
Volume & EV
DER(3)1.92%
DER(5)0.51%
Volume2.35M
Volume Incr13.6%
Vol(5)2.09M
Vol(50)2.06M