BANK OF NOVA SCOTIA (BNS.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:BNS - CA0641491075 - Common Stock
Taking everything into account, BNS scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BNS is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, BNS did better than 70% of all other stocks. On top of that, BNS also shows a nice and consistent pattern of rising prices.
- BNS is one of the better performing stocks in the Banks industry, it outperforms 86% of 24 stocks in the same industry.
- BNS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- BNS has an average volume of 4496380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month BNS has a been trading in a tight range between 98.33 and 103.10.
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. There is a resistance zone just above the current price starting at 102.40. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for BNS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
65.68
We found 3 important support areas.
- Support @93.90 from a trend line in the daily time frame.
- A support zone ranging from 88.42 to 88.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @66.34 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 102.40 to 102.82. 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 | 70.13 | POSITIVE | BNS.CA has a high relative strength, it outperformed 70.13% off all stocks 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) | 62.91 | NEUTRAL | The RSI value for BNS.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests BNS.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.07 | NEUTRAL | The Stochastics value for BNS.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for BNS.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 31.01 | POSITIVE | The high ADX value value for BNS.CA suggests a strong trend. |
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 |
|---|---|---|---|
| 102.83 | 99.20 | 3.63 (3.53%) | 25.00% |
| An entry @102.83. This is a Buy Stop order right above the resistance zone. | An exit @99.20. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.63 points, which is 3.53%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.88%. |
- 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 (1/16/2026, 7:00:00 PM)
102.18
0 (0%)
BANK OF NOVA SCOTIA / BNS.CA FAQ
What is the technical rating for BNS stock?
ChartMill assigns a technical rating of 10 / 10 to BNS.CA.
Can you provide the trend direction for BANK OF NOVA SCOTIA?
The current trend direction for BANK OF NOVA SCOTIA (BNS.CA) is Bullish.
What is the RSI signal for BANK OF NOVA SCOTIA (BNS.CA) stock?
BANK OF NOVA SCOTIA (BNS.CA) has an RSI value of 62.9148. This indicates that the stock is currently neutral.
What is the buy/sell signal for BANK OF NOVA SCOTIA (BNS.CA) stock?
The buy/sell signal for BANK OF NOVA SCOTIA (BNS.CA) is buy as both the short term and long term trends are positive.
What is the support and resistance level for BNS stock?
BANK OF NOVA SCOTIA (BNS.CA) has a support level at 93.9 and a resistance level at 102.4. Check the full technical report for our detailed analysis of BNS.CA support and resistance levels.