BANK OF NOVA SCOTIA (BNS) Technical Analysis
NYSE:BNS • CA0641491075
Current stock price
BNS Technical Rating and Analysis
Taking everything into account, BNS scores 3 out of 10 in our technical rating. Although BNS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, we notice that BNS is one of the better performing stocks in the market, outperforming 77% of all stocks. We also observe that the gains produced by BNS over the past year are nicely spread over this period.
- BNS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BNS is performing more or less in line with the market.
- BNS has an average volume of 1978940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- BNS is part of the Banks industry. There are 380 other stocks in this industry, BNS did better than 68% of them.
- In the last month BNS has a been trading in the 67.05 - 72.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BNS Weekly and Daily overview Charts
BNS Setup Rating and Analysis
BNS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 67.71, a Stop Loss order could be placed below this zone.
More info and screens
BNS Support and Resistance Analysis
44.67
When analyzing the support we can see 2 important areas.
- A support zone ranging from 66.37 to 67.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.12 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 77.29 to 77.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
BNS Technical Indicator Signal Analysis
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 is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BNS is down. |
| ChartMill Relative Strength | 77.14 | POSITIVE | BNS has a high relative strength, it outperformed 77.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BNS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BNS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BNS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.14 | NEUTRAL | The RSI value for BNS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests BNS has a positive trend. |
| Stochastics (14,3) | 77.96 | NEUTRAL | The Stochastics value for BNS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for BNS suggests low volalility. |
| Average Directional Index/ADX (14) | 32.04 | POSITIVE | The high ADX value value for BNS suggests a strong trend. |
BNS Chart- and CandleStick Pattern Analysis
BNS Technicals: Chart, Performance Metrics, Trend & Indicators
70.12
-0.07 (-0.1%)
BANK OF NOVA SCOTIA / BNS TA FAQ
What is the technical rating for BNS stock?
ChartMill assigns a technical rating of 3 / 10 to BNS.
What is the current trend direction of BANK OF NOVA SCOTIA (BNS) stock?
The current trend direction for BANK OF NOVA SCOTIA (BNS) is Bearish.
Can you provide the RSI signal for BANK OF NOVA SCOTIA?
BANK OF NOVA SCOTIA (BNS) has an RSI value of 47.1447. This indicates that the stock is currently neutral.
What is the short term momentum for BNS stock?
The short term momentum for BANK OF NOVA SCOTIA (BNS) is negative.