Technical analysis from National Bank Of Canada (NA.TO.TO, TSE:NA.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

National Bank Of Canada
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Pivot point for NA is bearish. Stoploss should be positioned @$62.5
Pivot Points /
Pivot point for NA is bearish. Stoploss should be positioned @$62.5

National Bank Of Canada has broken the first support point ($61.66) [Bearish]. Look for a short limit order entry near this point. Exit price for NA should be set @$61.44 & short position stoploss for National Bank Of Canada should be set between $62.5 & $62.72

Price & volume confirms selling pressure for National Bank Of Canada is likely
Elders Force Index /
Price & volume confirms selling pressure for National Bank Of Canada is likely

NA: Elders Force Index Recent Trading -> (1) 16 Feb: -178548 (2) 16 Feb: 85571 (3) 16 Feb: -121876

Weighted Moving Average /
National Bank Of Canada is in a short term uptrend with the closing price @$61.88

[BULLISH]: National Bank Of Canada currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.3%.

Woodie Pivot Point /
[Short]: Limit orders for National Bank Of Canada should be set at $61.614

National Bank Of Canada current pivot point (Woodie) is: $61.947. The current resistance levels are: (R1) $62.144: (R2) $62.477The current support levels are: (S1) $61.614: (S2) $61.417

Close Tod Vs Close Yest /
Daily trading performance for NA has initiated a short term downtrend

[BEARISH]: National Bank Of Canadasellers are keener than buyers and are driving the price down. This is the first day of price decline for NA adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.2 & the greatest daily negative change this year has been -2.2. The longest consecutive downswing rally over the last 12 months has been 2 days giving a total rally downward movement of -2.6%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -2.6%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.3x. Over the last month the average daily downward movement has been -1.2%

Williams %R /
William %R overbought signal had been cancelled for National Bank Of Canada

NA: William %R Current Signal -> (1) 16 Feb: BULLISH CROSSUNDER (2) 16 Feb: BEARISH CROSSOVER (3) 16 Feb: NEUTRAL

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Aroon Oscillator /
National Bank Of Canada: Aroon oscillator (-44) has confirmed a downtrend is present

[BEARISH]: National Bank Of Canada has a current ARU(25) of 24 and a current ARD(25) of 68

National Bank Of Canada currently has positive momentum of 1.24
Momentum /
National Bank Of Canada currently has positive momentum of 1.24

[BULLISH]: National Bank Of Canada currently has positive momentum of 1.24. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.3%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 2.3%%.

NA: Volume Moving Average Convergence Divergence [Bearish Crossover]
MACD Volume /
NA: Volume Moving Average Convergence Divergence [Bearish Crossover]

NA: Volume MACD Current Signal -> (1) 16 Feb: BEARISH CROSSOVER (2) 16 Feb: BULLISH CROSSOVER (3) 16 Feb: BEARISH

Low Price /
Low for NA has surpassed the low of the previous trading session

NA: LOW Current Signal -> (1) 16 Feb: BULLISH (2) 15 Feb: BULLISH (3) 14 Feb: BULLISH

Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for National Bank Of Canada

[BULLISH]: National Bank Of Canada current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 59.5935.

Daily Volume Index /
Traders are currently accumulating National Bank Of Canada

NA: DVI Current Signal -> (1) 16 Feb: BULLISH (2) 16 Feb: BULLISH (3) 16 Feb: BULLISH CROSSOVER

NA Basic Candle: Short Black
Short Black Candle /
NA Basic Candle: Short Black

NA: Basic Candlestick Current Signal -> (1) 16 Feb: BEARISH WEAK (2) 16 Feb: BULLISH (3) 16 Feb: BEARISH

NA: Over the last month there has been 6 trading  days with the closing price in the lower range giving a confirmation ratio of 54.5%.
Close Tod Vs Range Tod /
NA: Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 54.5%.

[BEARISH]: National Bank Of Canada sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for National Bank Of Canada adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 26 trading days with the closing price in the lower part of the range giving a confirmation ratio of 41.3%. Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 54.5%. Currently this quarter, closing price has spent 9 days in the lower price range compared to 7 days in the upper range giving a ratio of 1.3x.

Average True Range /
Daily bar has confirmed has confirmed an ATR downtrend is intact for NA

[Bearish]: Average True Range has confirmed an downtrend is present. National Bank Of Canada has a TR of 0.53, and an ATR(14) of 0.923.

Percentage Volume /
Positive momentum on volume for NA is maintained & supports a bullish move is likely

[BULLISH]: National Bank Of Canada currently has positive PVO 1.1%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0.3%.

Demarks Pivot Points /
Short positions for National Bank Of Canada should be set between $61.915 & $61.55

National Bank Of Canada has broken the first DeMark support point ($61.915) [Bearish]. Look for a short limit order entry near this point. Exit price for NA should be set @$61.55 & short position stoploss for National Bank Of Canada should be set at $62.08

CMF signal weak with further confirmation required for NA
Chaikin Money Flow /
CMF signal weak with further confirmation required for NA

NA: Chaikin Oscillator Current Signal -> (1) 16 Feb: NEUTRAL (2) 16 Feb: BULLISH CROSSOVER (3) 16 Feb: BEARISH

[Bullish]: Opening performance for NA of -0.2 % was achieved in last trading session
Opening Price /
[Bullish]: Opening performance for NA of -0.2 % was achieved in last trading session

[BULLISH]: National Bank Of Canada opening price has gapped up. Currently, the OPEN is $62.15 (-0.2 %).

Simple Moving Average(5) signal continues for National Bank Of Canada indicating upward price movement is likely
Simple Moving Average /
Simple Moving Average(5) signal continues for National Bank Of Canada indicating upward price movement is likely

NA: SMA(5) Current Signal -> (1) 16 Feb: BEARISH CROSSOVER (2) 16 Feb: BEARISH (3) 16 Feb: BULLISH CROSSOVER

Percentage Price /
PPO: The shorter moving average for NAis still below the longer term moving average

[BEARISH]: National Bank Of Canada currently has negative PPO -1.000%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Open Tod Vs Close Tod /
National Bank Of Canada: Sellers were in control all day.

[BEARISH STRONG]: National Bank Of Canada opened in the upper part of daily range at 75.5% & closed in the lower part of the trading range at 24.5%. This suggests the sellers were in control all day. Over the last 12 months there has been 8 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 12.7%. Over the last month there has been 2 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 18.2%.

On Balance Volume /
Traders are currently accumulating National Bank Of Canada

[BULLISH]: National Bank Of Canada current price has highlighted recent accumulation. Currently, the OBV is 3.28964e+006.

Detrended Price Oscillator /
National Bank Of Canada: Detrended Price Oscillator(20) is -2.3025 [Bearish Crossover]

[BEARISH]: National Bank Of Canada currently has a confirmed downtrend. Price is currently below the displaced moving average for NACurrently, the return on DPO20 is -0.3%.

Negative VROC: Volume is now lower for National Bank Of Canada than 14 days ago
Volume Rate of Change /
Negative VROC: Volume is now lower for National Bank Of Canada than 14 days ago

[BEARISH CROSSOVER]: National Bank Of Canada currently has negative rate of change of -4%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.3%.

[Short]: Entry price for NA should be set @$54.07
Fibonacci Extensions /
[Short]: Entry price for NA should be set @$54.07

National Bank Of Canada has moved above the 161.8% level ($54.07) [Bearish]. Look for a short limit order entry near this point. Exit price for NA should be set @$46.61 & short position stoploss for National Bank Of Canada should be set at $61.53

Exponential Moving Average /
NA: Price continues to move above the EMA(5) @$61.7226

[BULLISH]: National Bank Of Canada currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.3%.

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