Td U.s. Equity Index Etf ETF Forecast
Green day on Tuesday for Td U.s. Equity Index Etf ETF after gaining 0.380%
(Updated on Jun 25, 2024)
The Td U.s. Equity Index Etf ETF price gained 0.380% on the last trading day (Tuesday, 25th Jun 2024), rising from $42.08 to $42.24. During the last trading day the ETF fluctuated 0.356% from a day low at $42.09 to a day high of $42.24. The price has risen in 6 of the last 10 days and is up by 1.08% over the past 2 weeks. Volume fell on the last day by -27 thousand shares and in total, 52 thousand shares were bought and sold for approximately $2.21 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 4.93% during the next 3 months and, with a 90% probability hold a price between $44.13 and $45.08 at the end of this 3-month period.
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TPU.TO Signals & Forecast
The Td U.s. Equity Index Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $42.38. On a fall, the ETF will find some support from the long-term average at approximately $41.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -0.87%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Td U.s. Equity Index Etf ETF
Td U.s. Equity Index Etf finds support from accumulated volume at $42.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.150 between high and low, or 0.356%. For the last week the ETF has had daily average volatility of 0.578%.
Our recommended stop-loss: $40.92 (-3.13%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (TPU.TO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Td U.s. Equity Index Etf to open at $42.19, and during the day (based on 14 day Average True Range), to move between $41.95 and $42.53, which gives a possible trading interval of +/-$0.293 (+/-0.69%) up or down from last closing price. If Td U.s. Equity Index Etf takes out the full calculated possible swing range there will be an estimated 1.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.34 (0.24%) than the support at $42.08 (0.38%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Td U.s. Equity Index Etf ETF A Buy?
Td U.s. Equity Index Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.898 Hold/Accumulate Unchanged
Predicted Opening Price for Td U.s. Equity Index Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $42.19 ( 0.118%) | $42.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TPU.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.34 | 0.237% |
| R2 | 42.28 | 0.101% |
| R1 | 42.25 | 0.0173% |
| Price | 42.24 | |
| S1 | 42.13 | -0.254% |
| S2 | 42.10 | -0.338% |
| S3 | 42.04 | -0.473% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.61 | 0.88% |
| R2 | 42.47 | 0.545% |
| R1 | 42.34 | 0.237% |
| Price | 42.24 | |
| S1 | 42.08 | -0.379% |
| S2 | 42.07 | -0.402% |
| S3 | 40.61 | -3.86% |
FAQ
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