Bank Of Nova Scotia (BNS.CA)

Close: 73.54 (-0.28), Sep 27, 2024
Hold

Low risk

Automatic technical analysis. Long term, Sep 27, 2024

Bank Of Nova Scotia has broken through the ceiling of a falling trend channel in the long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The stock has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 68.47. Further rise to 89.17 or more is signaled. The stock is approacing resistance at 76.40 , which may give a negative reaction. However, a break upwards through 76.40 will be a positive signal. Volume has previously been low at price tops and high at price bottoms. This weakens the trend break. The stock is overall assessed as technically neutral for the long term.

Recommendation one to six quarters: Hold (Score: -9)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.81%1 361.37-0.38%
5 days49.312.73%514.74+0.26%
22 days26.307.02%379.48+9.40%
66 days5.3512.54%308.16+17.03%

More analyses of Bank Of Nova Scotia

chart Bank Of Nova Scotia (BNS) Candlesticks 22 Days
Candlesticks
chart Bank Of Nova Scotia (BNS) Short term
Short term: Positive
chart Bank Of Nova Scotia (BNS) Medium term
Medium term: Positive
chart Bank Of Nova Scotia (BNS) Long term
Long term: Hold
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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