BANK OF NOVA SCOTIA (BNS.CA) Stock Technical Analysis
TSX:BNS - Toronto Stock Exchange - CA0641491075 - Common Stock - Currency: CAD
We assign a technical rating of 8 out of 10 to BNS. Although BNS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
BNS is one of the better performing stocks in the Banks industry, it outperforms 78% of 29 stocks in the same industry.
BNS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BNS is lagging the market slightly.
BNS has an average volume of 4835130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, BNS turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
In the last month BNS has a been trading in a tight range between 74.34 and 77.94.
Considerably lower volume is observed in the last couple of days.
BNS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 76.43, a Stop Loss order could be placed below this zone.
More info and screens
65.22
80.65
When analyzing the support we can see 3 important areas.
- A support zone ranging from 76.33 to 76.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 74.65 to 75.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @65.88 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 77.03 to 77.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 79.85 to 79.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BNS.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BNS.CA is up. |
| ChartMill Relative Strength | 63.94 | NEUTRAL | BNS.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BNS.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNS.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BNS.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.03 | NEUTRAL | The RSI value for BNS.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests BNS.CA has a negative trend. |
| Stochastics (14,3) | 52.87 | NEUTRAL | The Stochastics value for BNS.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for BNS.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 36.97 | POSITIVE | The high ADX value value for BNS.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 77.53 | 76.32 | 1.21 (1.56%) | 25.00% |
| An entry @77.53. This is a Buy Stop order right above the resistance zone. | An exit @76.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.21 points, which is 1.56%. | For a 0.39% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:BNS (8/7/2025, 7:00:00 PM)
76.7
+0.27 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.35%
1 Week-1.05%
2 Weeks-0.74%
1 Month2.24%
3 Month9.54%
6 Month5.43%
12 Month20.46%
2 Year19.62%
3 Year5.62%
5 Year36.07%
10 Year27.37%
15 Year49.66%
Volatility
ATR(14)0.63
ATR(20)%0.84%
ATR Inc-7.78%
Range Today0.5
ADR(20)0.58
ADR(20)%0.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.94
Mansfield-0.24
10 Day High77.94
10 Day Low76.08
20 Day High77.94
20 Day Low74.34
52 Week High80.14
52 Week Low60.68
CS1 End76.43
CR1 Start77.03
Volume & EV
DER(3)-2.67%
DER(5)-0.71%
Volume2.66M
Volume Incr-41.43%
Vol(5)2.78M
Vol(50)4.84M