As 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 Monday, Toronto Dominion Bank [NYSE:TD] saw its stock jump 0.16% to $63.28. Over the last five days, the stock has lost -0.91%. Toronto Dominion Bank shares have risen nearly 18.86% since the year began. Nevertheless, the stocks have risen 12.98% over the past one year. While a 52-week high of $64.91 was reached on 05/02/25, a 52-week low of $51.25 was recorded on 01/02/25. SMA at 50 days reached $60.32, while 200 days put it at $58.34.
Levels Of Support And Resistance For TD Stock
The 24-hour chart illustrates a support level at 62.94, which if violated will result in even more drops to 62.61. On the upside, there is a resistance level at 63.78. A further resistance level may holdings at 64.29. The Relative Strength Index (RSI) on the 14-day chart is 62.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.10%. Stochastics %K at 67.18% indicates the stock is a holding.
