BANK NOVA SCOTIA HALIFAX PFD 3 - Daily - Technical analysis published on 05/31/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 48.64 USD
My targets
45.71 USD (-2.43%)
44.52 USD (-4.97%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BANK NOVA SCOTIA HALIFAX PFD 3 as long as the price remains well below 48.64 USD. The next bearish objective for sellers is set at 45.71 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 44.52 USD. If there is any crossing, the next objective would be the support located at 42.41 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BANK NOVA SCOTIA HALIFAX PFD 3 rating is 46.85 USD. The price registered a decrease of -0.02% on the session and was between 46.83 USD and 47.34 USD. This implies that the price is at +0.04% from its lowest and at -1.04% from its highest.46.83
47.34
46.85
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BANK NOVA SCOTIA HALIFAX PFD 3:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BANK NOVA SCOTIA HALIFAX PFD 3 chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 42.41 | 44.52 | 45.71 | 46.85 | 47.36 | 48.64 | 50.47 |
| Change (%) | -9.48% | -4.97% | -2.43% | - | +1.09% | +3.82% | +7.73% |
| Change | -4.44 | -2.33 | -1.14 | - | +0.51 | +1.79 | +3.62 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.98 | 46.23 | 46.54 | 46.79 | 47.10 | 47.35 | 47.66 |
| Camarilla | 46.71 | 46.76 | 46.81 | 46.86 | 46.91 | 46.96 | 47.01 |
| Woodie | 46.02 | 46.25 | 46.58 | 46.81 | 47.14 | 47.37 | 47.70 |
| Fibonacci | 46.23 | 46.44 | 46.57 | 46.79 | 47.00 | 47.13 | 47.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.48 | 46.27 | 47.02 | 47.81 | 48.56 | 49.35 | 50.10 |
| Camarilla | 47.36 | 47.50 | 47.64 | 47.78 | 47.92 | 48.06 | 48.20 |
| Woodie | 45.47 | 46.26 | 47.01 | 47.80 | 48.55 | 49.34 | 50.09 |
| Fibonacci | 46.27 | 46.86 | 47.22 | 47.81 | 48.40 | 48.76 | 49.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.64 | 42.14 | 44.02 | 47.52 | 49.40 | 52.90 | 54.78 |
| Camarilla | 44.42 | 44.91 | 45.41 | 45.90 | 46.39 | 46.89 | 47.38 |
| Woodie | 37.83 | 41.74 | 43.21 | 47.12 | 48.59 | 52.50 | 53.97 |
| Fibonacci | 42.14 | 44.20 | 45.47 | 47.52 | 49.58 | 50.85 | 52.90 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.41 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | -6.48 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 47.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 48.32 | |
| Elder Ray (13): | -0.29 | |
| Super Trend (3,10): | 48.95 | |
| Zig ZAG (10): | 46.88 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 15.92 | |
| TEMA (21): | 47.25 | |
| Williams %R (14): | -76.11 | |
| Chande Momentum Oscillator (20): | -1.13 | |
| Repulse (5,40,3): | -1.9000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.60 |
| MA7: | 47.20 | |
| MA20: | 47.67 | |
| MA50: | 48.16 | |
| MA100: | 47.90 | |
| MAexp7: | 47.19 | |
| MAexp20: | 47.50 | |
| MAexp50: | 47.77 | |
| MAexp100: | 47.67 | |
| Price / MA7: | -0.74% | |
| Price / MA20: | -1.72% | |
| Price / MA50: | -2.72% | |
| Price / MA100: | -2.19% | |
| Price / MAexp7: | -0.72% | |
| Price / MAexp20: | -1.37% | |
| Price / MAexp50: | -1.93% | |
| Price / MAexp100: | -1.72% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on BANK NOVA SCOTIA HALIFAX PFD 3. At the time of publication of this analysis, the latest news was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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