Toronto Dominion Bank Stock Technical Analysis

TD Stock  USD 60.38  0.26  0.43%   
As of the 29th of March, Toronto Dominion has the Variance of 1.03, risk adjusted performance of (0.03), and Coefficient Of Variation of (1,462). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Toronto Dominion Bank, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to break down thirteen technical drivers for Toronto Dominion Bank, which can be compared to its competition. Please validate Toronto Dominion Bank risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Toronto Dominion is priced more or less accurately, providing market reflects its prevalent price of 60.38 per share. Given that Toronto Dominion Bank has information ratio of (0.20), we advise you to double-check Toronto Dominion Bank's current market performance to make sure the company can sustain itself at a future point.

Toronto Dominion Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Toronto, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Toronto
  
Toronto Dominion's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Toronto Dominion Analyst Consensus

Target PriceAdvice# of Analysts
65.41Buy16Odds
Toronto Dominion Bank current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Toronto analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Toronto stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Toronto Dominion Bank, talking to its executives and customers, or listening to Toronto conference calls.
Toronto Analyst Advice Details
Toronto Dominion technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Toronto Dominion technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Toronto Dominion trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Toronto Dominion Bank Technical Analysis

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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Toronto Dominion Bank volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Toronto Dominion Bank Trend Analysis

Use this graph to draw trend lines for Toronto Dominion Bank. You can use it to identify possible trend reversals for Toronto Dominion as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Toronto Dominion price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Toronto Dominion Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Toronto Dominion Bank applied against its price change over selected period. The best fit line has a slop of   0.03  , which may indicate that the price for Toronto Dominion Bank will continue to decline. It has 122 observation points and a regression sum of squares at 43.66, which is the sum of squared deviations for the predicted Toronto Dominion price change compared to its average price change.

About Toronto Dominion Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Toronto Dominion Bank on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Toronto Dominion Bank based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Toronto Dominion Bank price pattern first instead of the macroeconomic environment surrounding Toronto Dominion Bank. By analyzing Toronto Dominion's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Toronto Dominion's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Toronto Dominion specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2022 2023 (projected)
Price To Sales Ratio2.662.4
Price Earnings Ratio13.0811.77

Toronto Dominion March 29, 2024 Technical Indicators

Most technical analysis of Toronto help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Toronto from various momentum indicators to cycle indicators. When you analyze Toronto charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Toronto Dominion March 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Toronto stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Toronto Dominion Bank is a strong investment it is important to analyze Toronto Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Toronto Dominion's future performance. For an informed investment choice regarding Toronto Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toronto Dominion Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the Toronto Dominion Bank information on this page should be used as a complementary analysis to other Toronto Dominion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.

Complementary Tools for Toronto Stock analysis

When running Toronto Dominion's price analysis, check to measure Toronto Dominion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Toronto Dominion is operating at the current time. Most of Toronto Dominion's value examination focuses on studying past and present price action to predict the probability of Toronto Dominion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toronto Dominion's price. Additionally, you may evaluate how the addition of Toronto Dominion to your portfolios can decrease your overall portfolio volatility.
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Is Toronto Dominion's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Toronto Dominion. If investors know Toronto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Toronto Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.888
Dividend Share
3.9
Earnings Share
4.66
Revenue Per Share
27.824
Quarterly Revenue Growth
0.104
The market value of Toronto Dominion Bank is measured differently than its book value, which is the value of Toronto that is recorded on the company's balance sheet. Investors also form their own opinion of Toronto Dominion's value that differs from its market value or its book value, called intrinsic value, which is Toronto Dominion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Toronto Dominion's market value can be influenced by many factors that don't directly affect Toronto Dominion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Toronto Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Toronto Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Toronto Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.