BANK OF NOVA SCOTIA (BNS) Stock Technical Analysis
NYSE:BNS - New York Stock Exchange, Inc. - CA0641491075 - Common Stock - Currency: USD
Overall BNS gets a technical rating of 0 out of 10. BNS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
66% of all other stocks performed better in the past year than BNS.
BNS is one of the lesser performing stocks in the Banks industry. 80% of 405 stocks in the same industry do better.
In the last month BNS has a been trading in the 47.29 - 52.39 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BNS has an average volume of 1549540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BNS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BNS is lagging the market.
Although the technical rating is bad, BNS does present a nice setup opportunity. 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 50.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.46, a Stop Loss order could be placed below this zone.
More info and screens
44.25
57.60
When analyzing the support we can see 3 important areas.
- A support zone ranging from 49.97 to 50.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.18 from a horizontal line in the weekly time frame.
- A support zone ranging from 44.70 to 45.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 50.78 to 51.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @53.69 from a horizontal line in the daily time frame.
- A resistance zone ranging from 57.03 to 57.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.61
Mansfield-0.65
10 Day High51.6
10 Day Low50.33
20 Day High52.39
20 Day Low47.29
52 Week High57.07
52 Week Low43.68
Performance
1 Week-1.31%
2 Weeks-0.84%
1 Month-2.38%
3 Month-10.54%
6 Month4.3%
12 Month6.11%
2 Year2.06%
3 Year-30.19%
5 Year-3.53%
10 Year-5.52%
15 Year11.16%
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)
Technical Indicators
MACD(12,26,9)0.09
RSI(14)40.34
LBB49.83
UBB51.67
50.5
-0.63 (-1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.23%
1 Week-1.31%
2 Weeks-0.84%
1 Month-2.38%
3 Month-10.54%
6 Month4.3%
12 Month6.11%
2 Year2.06%
3 Year-30.19%
5 Year-3.53%
10 Year-5.52%
15 Year11.16%
Volatility
ATR(14)0.86
ATR(20)%1.55%
ATR Inc-20.7%
Range Today0.98
ADR(20)0.65
ADR(20)%1.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.61
Mansfield-0.65
10 Day High51.6
10 Day Low50.33
20 Day High52.39
20 Day Low47.29
52 Week High57.07
52 Week Low43.68
CS1 End50.46
CR1 Start50.78
Volume & EV
DER(3)1.7%
DER(5)2.11%
Volume1.51M
Volume Incr-31.26%
Vol(5)1.13M
Vol(50)1.55M