TD INCOME BUILDER ETF (TPAY.CA) Stock Technical Analysis
TSX:TPAY - Toronto Stock Exchange - CA87242J1030 - ETF - Currency: CAD
Taking everything into account, TPAY scores 6 out of 10 in our technical rating. In the last year, TPAY was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Warning: TPAY has an average volume of 3828 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
TPAY is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TPAY is leading the market.
When comparing the performance of all stocks over the past year, TPAY turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
In the last month TPAY has a been trading in a tight range between 20.64 and 21.31.
TPAY has an average technical rating and the quality of the presented setup is also 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
20.30
22.52
When analyzing the support we notice one important area.
- A support zone ranging from 20.50 to 21.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Strong resistance @21.22 from a horizontal line in the daily time frame.
- A resistance zone ranging from 21.71 to 21.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @22.30 from a horizontal line in the weekly 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 TPAY.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TPAY.CA is up. |
| ChartMill Relative Strength | 42.46 | NEUTRAL | TPAY.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TPAY.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TPAY.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TPAY.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.28 | NEUTRAL | The RSI value for TPAY.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TPAY.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.53 | OVERBOUGHT | The high Stochastics value suggests TPAY.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.47 | LOW VOLATILITY | The low ATR as a percentage value for TPAY.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.7 | NEGATIVE | The low ADX value for TPAY.CA suggests a weak or negative 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)
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 |
|---|---|---|---|
| 21.23 | 20.85 | 0.38 (1.79%) | 25.00% |
| An entry @21.23. This is a Buy Stop order right above the resistance zone. | An exit @20.85. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.38 points, which is 1.79%. | For a 0.45% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
TSX:TPAY (6/20/2024, 7:00:00 PM)
21.2
-0.11 (-0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.52%
1 Week1%
2 Weeks2.71%
1 Month1.78%
3 Month0.28%
6 Month-2.35%
12 Month-0.75%
2 Year-1.3%
3 Year-14.96%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%0.47%
ATR Inc-4.76%
Range Today0.06
ADR(20)0.02
ADR(20)%0.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.46
Mansfield-1.19
10 Day High21.31
10 Day Low20.86
20 Day High21.31
20 Day Low20.64
52 Week High21.83
52 Week Low0
CS1 End21.12
CR1 Start21.22
Volume & EV
DER(3)0%
DER(5)0%
Volume3.60K
Volume Incr-3.49%
Vol(5)4.08K
Vol(50)3.83K