TD Price Prediction Next Week
Based on the provided data and recent market developments, here's the analysis for TD Bank's stock price prediction for next week:
Technical Analysis
The stock is currently showing mixed technical signals:
- RSI at 69.31 indicates approaching overbought territory but not yet extreme
- MACD at 0.84 shows positive momentum
- Price trading below 200-day SMA (56.40) but above 20-day SMA (54.76)
Key Price Levels
- Fibonacci resistance levels: R1: $57.50, R2: $58.64, R3: $60.50
- Fibonacci support levels: S1: $53.78, S2: $52.64, S3: $50.78
- Pivot point: $55.64
Recent News Impact
- TD Bank is planning to sell $9 billion in residential mortgage loans to comply with asset cap regulations
- The bank expects C$231 million contribution from Charles Schwab investment in Q1 2025
- Facing regulatory challenges with U.S. operations affecting growth potential
Price Prediction for Next Week Based on technical indicators and recent developments:
- Most Likely Scenario (60% probability): Stock will trade between $53.78-$57.50
- Target price: $55.50
Trading Recommendation SELL with the following rationale:
- Asset cap restrictions limiting U.S. growth potential
- Approaching overbought RSI levels
- Trading below 200-day SMA indicating longer-term bearish trend
- Multiple regulatory headwinds affecting U.S. operations
Price Targets
- Entry: Current market price
- Stop Loss: $57.50 (R1 resistance)
- Take Profit: $52.64 (S2 support)
TD Similar Chart Price Prediction
The price of TD is predicted to go up 2.85%, based on the high correlation periods with ECPG. The similarity of these two price pattern on the periods is 98.37%.
TD
ECPG
Up: 2.85%Similarity: 98.37%
TD Revenue Forecast
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TD VS S&P500
The profitability of its Canadian bank segment should continue for some time, providing a solid foundation for strong returns for Toronto-Dominion.
TD is one of the top issuers of cards in Canada, which tends to be a more profitable business if managed appropriately.
The bank's recent acquisition of Cowen should provide a unique boost for its US capital markets operations and for revenue and net income growth over the next several years.