Bank Of Nova Scotia (the) Stock Forecast

Buy or Hold candidate since May 06, 2026 Gain 2.69%

The Bank of Nova Scotia (The) stock price fell by -1.02% on the last day (Friday, 5th Jun 2026) from $81.39 to $80.56. During the last trading day the stock fluctuated 1.21% from a day low at $80.47 to a day high of $81.44. The price has risen in 6 of the last 10 days and is up by 1.42% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -136 thousand shares and in total, 2 million shares were bought and sold for approximately $122.66 million.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.80% during the next 3 months and, with a 90% probability hold a price between $91.50 and $96.93 at the end of this 3-month period.

BNS Signals & Forecast

The Bank of Nova Scotia (The) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $80.19 and $77.92. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 04, 2026, and so far it has fallen -1.02%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Bank of Nova Scotia (The) stock

Bank of Nova Scotia (The) finds support from accumulated volume at $79.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.97 (1.21%) between high and low. For the last week, the stock has had daily average volatility of 1.72%.

Our recommended stop-loss: $77.28 (-4.07%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (BNS) For The Upcoming Trading Day Of Monday 8th

For the upcoming trading day on Monday, 8th we expect Bank of Nova Scotia (The) to open at $80.82, and during the day (based on 14 day Average True Range), to move between $79.90 and $81.22, which gives a possible trading interval of +/-$1.32 (+/-1.66%) up or down from last closing price. If Bank of Nova Scotia (The) takes out the full calculated possible swing range there will be an estimated 1.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $80.64 (0.10%) than the support at $79.79 (0.96%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Dividend Warning For BNS

Dividend coming up for BNS: Ex-dividend date (Tuesday 7th July, 2026) is 28 days away. The dividend is $0.82.

Is Bank of Nova Scotia (The) stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bank of Nova Scotia (The) stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.137 Buy Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on June 8, 2026 - $80.82 ( 0.327%).

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