Toronto Dominion Bank (TD): Price Now Near $70.35; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for TD

At the time of this writing, TD (Get Ratings)’s price is down $-0.26 (-0.37%) from the hour prior. TD has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, with price now being below it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

TD ranks 130th in terms of today’s price percentage change out of Banking stocks.

TD’s Technical Outlook on the Daily Chart

Currently, TD’s price is down $-0.39 (-0.55%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as TD has now gone down 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 20 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. The chart below shows TD’s price action over the past 90 days.

TD

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TD: Daily RSI Analysis

  • For TD, its RSI is now at 59.6639.
  • TD and RSI may be exhibiting divergent trends. This may be something to monitor.

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