While this happened, Jefferies downgraded its Toronto Dominion Bank [TD] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. BMO Capital Markets also remained covering TD and has increased its forecast on December 19, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Jefferies revised its rating on December 12, 2024. It rated TD as “a Buy” which previously was an “a Hold”.
Price Performance Review of TD
On Friday, Toronto Dominion Bank [NYSE:TD] saw its stock fall -0.05% to $62.17. Over the last five days, the stock has gained 2.42%. Toronto Dominion Bank shares have risen nearly 16.77% since the year began. Nevertheless, the stocks have risen 5.52% over the past one year. While a 52-week high of $64.91 was reached on 04/23/25, a 52-week low of $51.25 was recorded on 01/02/25. SMA at 50 days reached $59.55, while 200 days put it at $58.02.
Levels Of Support And Resistance For TD Stock
The 24-hour chart illustrates a support level at 61.92, which if violated will result in even more drops to 61.68. On the upside, there is a resistance level at 62.37. A further resistance level may holdings at 62.58. The Relative Strength Index (RSI) on the 14-day chart is 64.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.29%. Stochastics %K at 92.21% indicates the stock is a selling.
How much short interest is there in Toronto Dominion Bank?
A steep rise in short interest was recorded in Toronto Dominion Bank stocks on 2025-04-15, growing by 36.79 million shares to a total of 54.64 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 17.85 million shares. There was a rise of 67.33%, which implies that there is a positive sentiment for the stock.
