Toronto Dominion Bank (TD): Price Now Near $65.56; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for TD

At the time of this writing, TD (Get Ratings)’s price is up $0.08 (0.12%) from the hour prior. This is the 2nd hour in a row TD has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 50 hour changed directions on TD; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

TD’s Technical Outlook on the Daily Chart

Currently, TD’s price is up $0.02 (0.03%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Toronto Dominion Bank’s price action over the past 90 days can be seen via the chart below.


For TD News Traders

News traders keeping an eye on TD may find value in this recent story:

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