TORONTO-DOMINION BANK (TD) Stock Technical Analysis
USA - NYSE:TD - CA8911605092 - Common Stock
Taking everything into account, TD scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, TD has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
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65.34
We found 4 important support areas.
- A support zone ranging from 79.95 to 80.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 77.77 to 78.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 72.55 to 73.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @66.00 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 81.64 to 81.64. 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 | 84.71 | POSITIVE | TD has a high relative strength, it outperformed 84.71% 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) | 63.9 | NEUTRAL | The RSI value for TD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TD has a positive trend. |
| Stochastics (14,3) | 87.59 | OVERBOUGHT | The high Stochastics value suggests TD may be overbought. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for TD suggests low volalility. |
| Average Directional Index/ADX (14) | 27.95 | 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 |
|---|---|---|---|
| 81.65 | 79.94 | 1.71 (2.09%) | 25.00% |
| An entry @81.65. This is a Buy Stop order right above the resistance zone. | An exit @79.94. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.71 points, which is 2.09%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.52%. |
- 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.
81.63
+0.63 (+0.78%)
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 trend direction for TD stock?
The current trend direction for TORONTO-DOMINION BANK (TD) is Bullish.
What is the RSI signal for TD stock?
TORONTO-DOMINION BANK (TD) has an RSI value of 63.9016. This indicates that the stock is currently neutral.
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.
Can you provide the support and resistance levels for TORONTO-DOMINION BANK?
TORONTO-DOMINION BANK (TD) has a support level at 80.23 and a resistance level at 81.64. Check the full technical report for our detailed analysis of TD support and resistance levels.