BANK OF NOVA SCOTIA (BNS.CA) Stock Technical Analysis
TSX:BNS - Toronto Stock Exchange - CA0641491075 - Common Stock - Currency: CAD
Taking everything into account, BNS scores 6 out of 10 in our technical rating. BNS has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
BNS is one of the better performing stocks in the Banks industry, it outperforms 75% of 30 stocks in the same industry.
In the last month BNS has a been trading in the 66.81 - 72.45 range, which is quite wide. It is currently trading near the high of this range.
BNS has an average volume of 5172580 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 61% of all stocks.
BNS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BNS is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
BNS has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
62.85
73.66
When analyzing the support we notice one important area.
- A support zone ranging from 63.48 to 64.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @71.76 from a trend line in the daily time frame.
- Resistance @72.93 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for BNS.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BNS.CA is up. |
| ChartMill Relative Strength | 61.5 | 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 | MIXED | The current price of BNS.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.28 | NEUTRAL | The RSI value for BNS.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests BNS.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.28 | NEUTRAL | The Stochastics value for BNS.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.93 | LOW VOLATILITY | The low ATR as a percentage value for BNS.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 30.57 | 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 |
|---|---|---|---|
| 71.77 | 69.44 | 2.33 (3.25%) | 25.00% |
| An entry @71.77. This is a Buy Stop order right above the resistance zone. | An exit @69.44. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.33 points, which is 3.25%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- 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 (5/22/2025, 7:00:00 PM)
71.55
+0.06 (+0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.08%
1 Week0.25%
2 Weeks3.08%
1 Month6.36%
3 Month-0.47%
6 Month-9.33%
12 Month9.62%
2 Year9.12%
3 Year-16.59%
5 Year29.69%
10 Year9.4%
15 Year48.29%
Volatility
ATR(14)0.65
ATR(20)%0.93%
ATR Inc-5.05%
Range Today0.52
ADR(20)0.6
ADR(20)%0.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.5
Mansfield-0.04
10 Day High72.45
10 Day Low69.45
20 Day High72.45
20 Day Low66.81
52 Week High80.14
52 Week Low60.68
CS1 End64.65
CR1 Start71.76
Volume & EV
DER(3)-4.92%
DER(5)-1.92%
Volume4.48M
Volume Incr-24.41%
Vol(5)2.88M
Vol(50)5.17M