Toronto-Dominion Bank is flashing improving momentum. Investor’s Business Daily lifted the bank’s Relative Strength Rating to 82 this week, a threshold many momentum watchers view as a sign that a stock is outperforming most of the market over the past year. The upgrade puts TD in the upper quintile of large caps tracked by the service and keeps the focus on whether buyers will press shares to fresh highs.
TD trades on the NYSE under the ticker TD and on the Toronto Stock Exchange as TD. The U.S. listing closed at $74.71 on September 4, up sharply from midyear levels and comfortably above technical support areas that formed during the spring. While day-to-day noise is inevitable, the trend has been constructive in recent weeks.
IBD’s note also flagged that TD had already pushed more than 5 percent beyond a prior cup-with-handle entry of $60.85 , which means the initial breakout window has passed for rule-based buyers who prefer early entries. From here, technicians will often look for secondary setups, such as a tight consolidation or a pullback toward a rising 10-week line, to reduce risk.
The fundamental backdrop has improved. In late August the bank reported third-quarter results that showed adjusted earnings of C$3.9 billion, up 6% from a year earlier, as the franchise benefited from strong client activity and progress on its balance sheet restructuring. “We are well positioned to build on this momentum as we compete, grow and build our bank for the future,” Chief Executive Raymond Chun said in the release.
The report also detailed higher governance and control spending in the United States tied to remediation efforts, a reminder that expenses remain a swing factor.
For investors focused on price action, the next tell is whether TD can clear recent highs with conviction. Breakouts that hold typically coincide with heavier volume and subsequent support at or above prior resistance, signaling that institutions are accumulating shares rather than trading around them.
If the stock hesitates, a brief pause of two to three weeks that tightens price ranges can reset the base and create a fresh entry with a defined risk point. IBD’s 82 RS reading supports the momentum case, but the setup still needs cooperation from price and volume.
Catalysts are on the calendar. TD appears at the Barclays Global Financial Services Conference on September 9, followed by an Investor Day on September 29. Executives are likely to update priorities around U.S. remediation, capital deployment, and the trajectory for restructuring benefits.
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Guidance on credit costs, deposit trends, and fee income mix will also matter for the outlook into fiscal 2026. Timelines and topics from those appearances are posted on the bank’s investor-relations site.
The cross-border listing offers flexibility on currency and venue, but the investment thesis is the same. An 82 RS Rating is not a guarantee of future gains. It is a snapshot of relative performance that often precedes extended runs when the earnings and risk backdrop align.
TD’s latest quarter suggests operational momentum, while U.S. remediation spend and macro rate paths remain watch items. If you are tracking the chart, the preference here is to wait for either a decisive breakout on strong volume or a controlled pullback into a higher-low entry. Patience keeps risk contained if the rally stalls.
