(TTP) TD Canadian Equity Index - Ratings and Ratios

TD Canadian Equity Index ETF (TTP) is a Canadian equity-focused exchange-traded fund listed on the Toronto Stock Exchange. It tracks the performance of the Morningstar Canada GR CAD Index, offering exposure to a broad range of Canadian equities. The fund is designed to replicate the returns of its underlying index, providing diversified exposure to Canadian stocks across various sectors.

From a technical perspective, TTP is currently trading at 28.42, above its 20-day SMA of 27.58 and 50-day SMA of 28.13, while slightly above its 200-day SMA of 27.66. This indicates a bullish short-term trend but with narrowing momentum. The ATR of 0.55 reflects moderate volatility, suggesting relatively stable price movements.

The fund manages assets of 2658.93M CAD, making it a mid-sized ETF in its category. Its average 20-day trading volume of 29,670 shares reflects moderate liquidity, which is typical for a Canadian equity ETF.

3-Month Forecast: Based on , TTP is likely to maintain its upward trajectory in the short term, with potential resistance around 29.50. Support levels are expected to hold near 27.40. suggests continued demand for Canadian equities, driven by stable economic conditions and dividend yields. However, external factors such as geopolitical risks or shifts in commodity prices could impact performance.