What is the Market's View on Bank of Nova Scotia (BNS) Stock's Price and Volume Trends Monday?

The market has been down on Bank of Nova Scotia (BNS) stock recently. BNS gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Bank of Nova Scotia has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BNS!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With BNS Stock Today?

Bank of Nova Scotia (BNS) stock is trading at $48.08 as of 3:33 PM on Monday, Oct 3, a gain of $1.30, or 2.78% from the previous closing price of $46.78. The stock has traded between $47.35 and $48.34 so far today. Volume today is high. So far 2,520,334 shares have traded compared to average volume of 1,897,795 shares.

More About Bank of Nova Scotia

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in Central and South America. Click Here to get the full Stock Report for Bank of Nova Scotia stock.