Toronto Dominion Bank Technical Analysis (NYSE:TD)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Toronto Dominion Bank stock price data and volume are plotted in TD stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Toronto Dominion Bank. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Toronto Dominion Bank stock analysis.
Toronto Dominion Bank Moving Average
Moving averages help predict the price direction of TD stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $57.67 is below the price of $57.91.
Toronto Dominion Bank Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Toronto Dominion Bank. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $57.91 is in the upper range of Toronto Dominion Bank bollinger bands.
Toronto Dominion Bank Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Toronto Dominion Bank MACD indicator is below 0 indicating a bearish trend.
Toronto Dominion Bank Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of TD stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.