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National Bank of Canada Pref Series 42
Buy, Hold or Sell?

Let's analyse National Bank of Canada Pref Series 42 together

PenkeI guess you are interested in National Bank of Canada Pref Series 42. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of National Bank of Canada Pref Series 42. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of National Bank of Canada Pref Series 42 (30 sec.)










What can you expect buying and holding a share of National Bank of Canada Pref Series 42? (30 sec.)

How much money do you get?

How much money do you get?
C$3.39
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
C$70.66
Expected worth in 1 year
C$76.22
How sure are you?
94.1%

+ What do you gain per year?

Total Gains per Share
C$10.17
Return On Investment
39.7%

For what price can you sell your share?

Current Price per Share
C$25.60
Expected price per share
C$23.67 - C$
How sure are you?
50%

1. Valuation of National Bank of Canada Pref Series 42 (5 min.)




Live pricePrice per Share (EOD)

C$25.60

Intrinsic Value Per Share

C$277.41 - C$330.36

Total Value Per Share

C$348.07 - C$401.01

2. Growth of National Bank of Canada Pref Series 42 (5 min.)




Is National Bank of Canada Pref Series 42 growing?

Current yearPrevious yearGrowGrow %
How rich?$17.5b$15.6b$1.4b8.5%

How much money is National Bank of Canada Pref Series 42 making?

Current yearPrevious yearGrowGrow %
Making money$621.8m$613.5m$8.2m1.3%
Net Profit Margin32.8%34.2%--

How much money comes from the company's main activities?

3. Financial Health of National Bank of Canada Pref Series 42 (5 min.)




What can you expect buying and holding a share of National Bank of Canada Pref Series 42? (5 min.)

Welcome investor! National Bank of Canada Pref Series 42's management wants to use your money to grow the business. In return you get a share of National Bank of Canada Pref Series 42.

What can you expect buying and holding a share of National Bank of Canada Pref Series 42?

First you should know what it really means to hold a share of National Bank of Canada Pref Series 42. And how you can make/lose money.

Speculation

The Price per Share of National Bank of Canada Pref Series 42 is C$25.60. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of National Bank of Canada Pref Series 42.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in National Bank of Canada Pref Series 42, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is C$70.66. Based on the TTM, the Book Value Change Per Share is C$1.39 per quarter. Based on the YOY, the Book Value Change Per Share is C$1.76 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is C$1.15 per quarter.
Based on historical numbers we can estimate the returns while holding a share of National Bank of Canada Pref Series 42.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 C$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per Share
Usd Eps2.017.8%1.797.0%1.756.8%1.596.2%1.596.2%
Usd Book Value Change Per Share0.491.9%1.024.0%1.295.0%3.0612.0%3.0612.0%
Usd Dividend Per Share0.873.4%0.853.3%0.913.6%0.732.8%0.732.8%
Usd Total Gains Per Share1.365.3%1.877.3%2.218.6%3.7914.8%3.7914.8%
Usd Price Per Share18.37-16.59-16.84-16.56-16.56-
Price to Earnings Ratio2.29-2.31-2.42-2.70-2.70-
Price-to-Total Gains Ratio13.50-9.34-8.20--0.28--0.28-
Price to Book Ratio0.35-0.33-0.36-0.39-0.39-
Price-to-Total Gains Ratio13.50-9.34-8.20--0.28--0.28-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share18.84928
Number of shares53
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.850.73
Usd Book Value Change Per Share1.023.06
Usd Total Gains Per Share1.873.79
Gains per Quarter (53 shares)99.21200.66
Gains per Year (53 shares)396.83802.65
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1180217387154649793
235943478430812981596
3539652118146219462399
4719869157861525953202
58981086197576932444005
610781303237292338934808
7125715202769107745415611
8143717383166123151906414
9161719553563138558397217
10179621723960153964888020

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%
Book Value Change Per Share4.00.00.0100.0%12.00.00.0100.0%16.01.00.094.1%16.01.00.094.1%16.01.00.094.1%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%16.01.00.094.1%16.01.00.094.1%16.01.00.094.1%

Fundamentals of National Bank of Canada Pref Series 42

About National Bank of Canada Pref Series 42

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services. The Wealth Management segment provides full-service brokerage, private banking, direct brokerage, investment solutions, administrative and trade execution, transaction products, and trust and estate services. The Financial Markets segment offers corporate banking, advisory, and capital markets services; and project financing, debt, and equity underwriting; advisory services in the areas of mergers and acquisitions, and financing. The U.S. Specialty Finance and International segment provides specialty finance products; and personal and commercial banking in Cambodia. National Bank of Canada was founded in 1859 and is headquartered in Montreal, Canada.

Fundamental data was last updated by Penke on 2024-03-28 23:40:07.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of National Bank of Canada Pref Series 42.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit National Bank of Canada Pref Series 42 earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare National Bank of Canada Pref Series 42 to the Banks - Diversified industry mean.
  • A Net Profit Margin of 34.0% means that $0.34 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of National Bank of Canada Pref Series 42:

  • The MRQ is 34.0%. The company is making a huge profit. +2
  • The TTM is 32.8%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ34.0%TTM32.8%+1.2%
TTM32.8%YOY34.2%-1.3%
TTM32.8%5Y32.5%+0.3%
5Y32.5%10Y32.5%0.0%
1.1.2. Return on Assets

Shows how efficient National Bank of Canada Pref Series 42 is using its assets to generate profit.

  • Above 5% is considered healthy but always compare National Bank of Canada Pref Series 42 to the Banks - Diversified industry mean.
  • 0.2% Return on Assets means that National Bank of Canada Pref Series 42 generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of National Bank of Canada Pref Series 42:

  • The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.2%TTM0.2%+0.0%
TTM0.2%YOY0.2%0.0%
TTM0.2%5Y0.2%0.0%
5Y0.2%10Y0.2%0.0%
1.1.3. Return on Equity

Shows how efficient National Bank of Canada Pref Series 42 is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare National Bank of Canada Pref Series 42 to the Banks - Diversified industry mean.
  • 3.9% Return on Equity means National Bank of Canada Pref Series 42 generated $0.04 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of National Bank of Canada Pref Series 42:

  • The MRQ is 3.9%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.6%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.9%TTM3.6%+0.2%
TTM3.6%YOY3.9%-0.3%
TTM3.6%5Y3.9%-0.2%
5Y3.9%10Y3.9%0.0%

1.2. Operating Efficiency of National Bank of Canada Pref Series 42.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient National Bank of Canada Pref Series 42 is operating .

  • Measures how much profit National Bank of Canada Pref Series 42 makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare National Bank of Canada Pref Series 42 to the Banks - Diversified industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of National Bank of Canada Pref Series 42:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
1.2.2. Operating Ratio

Measures how efficient National Bank of Canada Pref Series 42 is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks - Diversified industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of National Bank of Canada Pref Series 42:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000

1.3. Liquidity of National Bank of Canada Pref Series 42.

1.3. Liquidity
1.3.1. Current Ratio

Measures if National Bank of Canada Pref Series 42 is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Banks - Diversified industry mean).
  • A Current Ratio of 0.00 means the company has $0.00 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of National Bank of Canada Pref Series 42:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.126-0.126
TTM0.126YOY0.495-0.370
TTM0.1265Y0.385-0.259
5Y0.38510Y0.3850.000
1.3.2. Quick Ratio

Measures if National Bank of Canada Pref Series 42 is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare National Bank of Canada Pref Series 42 to the Banks - Diversified industry mean.
  • A Quick Ratio of 0.00 means the company can pay off $0.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of National Bank of Canada Pref Series 42:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.005-0.005
TTM0.005YOY0.025-0.019
TTM0.0055Y0.026-0.021
5Y0.02610Y0.0260.000

1.4. Solvency of National Bank of Canada Pref Series 42.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of National Bank of Canada Pref Series 42 assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare National Bank of Canada Pref Series 42 to Banks - Diversified industry mean.
  • A Debt to Asset Ratio of 0.94 means that National Bank of Canada Pref Series 42 assets are financed with 94.5% credit (debt) and the remaining percentage (100% - 94.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of National Bank of Canada Pref Series 42:

  • The MRQ is 0.945. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.945. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.945TTM0.9450.000
TTM0.945YOY0.946-0.001
TTM0.9455Y0.947-0.002
5Y0.94710Y0.9470.000
1.4.2. Debt to Equity Ratio

Measures if National Bank of Canada Pref Series 42 is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare National Bank of Canada Pref Series 42 to the Banks - Diversified industry mean.
  • A Debt to Equity ratio of 1,715.7% means that company has $17.16 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of National Bank of Canada Pref Series 42:

  • The MRQ is 17.157. The company is unable to pay all its debts with equity. -1
  • The TTM is 17.254. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ17.157TTM17.254-0.098
TTM17.254YOY17.507-0.253
TTM17.2545Y18.057-0.803
5Y18.05710Y18.0570.000

2. Market Valuation of National Bank of Canada Pref Series 42

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings National Bank of Canada Pref Series 42 generates.

  • Above 15 is considered overpriced but always compare National Bank of Canada Pref Series 42 to the Banks - Diversified industry mean.
  • A PE ratio of 2.29 means the investor is paying $2.29 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of National Bank of Canada Pref Series 42:

  • The EOD is 2.348. Based on the earnings, the company is cheap. +2
  • The MRQ is 2.288. Based on the earnings, the company is cheap. +2
  • The TTM is 2.313. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD2.348MRQ2.288+0.060
MRQ2.288TTM2.313-0.024
TTM2.313YOY2.416-0.103
TTM2.3135Y2.698-0.385
5Y2.69810Y2.6980.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of National Bank of Canada Pref Series 42:

  • The EOD is 0.377. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 0.367. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 0.798. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.377MRQ0.367+0.010
MRQ0.367TTM0.798-0.431
TTM0.798YOY-0.021+0.819
TTM0.7985Y0.254+0.544
5Y0.25410Y0.2540.000
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of National Bank of Canada Pref Series 42 is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Banks - Diversified industry mean).
  • A PB ratio of 0.35 means the investor is paying $0.35 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of National Bank of Canada Pref Series 42:

  • The EOD is 0.362. Based on the equity, the company is cheap. +2
  • The MRQ is 0.353. Based on the equity, the company is cheap. +2
  • The TTM is 0.327. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.362MRQ0.353+0.009
MRQ0.353TTM0.327+0.026
TTM0.327YOY0.363-0.037
TTM0.3275Y0.393-0.066
5Y0.39310Y0.3930.000
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of National Bank of Canada Pref Series 42 compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.6621.391-52%1.755-62%4.156-84%4.156-84%
Book Value Per Share--70.65768.902+3%63.038+12%58.049+22%58.049+22%
Current Ratio---0.126-100%0.495-100%0.385-100%0.385-100%
Debt To Asset Ratio--0.9450.9450%0.9460%0.9470%0.9470%
Debt To Equity Ratio--17.15717.254-1%17.507-2%18.057-5%18.057-5%
Dividend Per Share--1.1851.151+3%1.243-5%0.986+20%0.986+20%
Eps--2.7262.438+12%2.378+15%2.161+26%2.161+26%
Free Cash Flow Per Share--16.992-1.671+110%3.669+363%5.684+199%5.684+199%
Free Cash Flow To Equity Per Share--15.836-1.632+110%29.340-46%19.832-20%19.832-20%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--330.357--------
Intrinsic Value_10Y_min--277.411--------
Intrinsic Value_1Y_max--12.393--------
Intrinsic Value_1Y_min--12.161--------
Intrinsic Value_3Y_max--53.021--------
Intrinsic Value_3Y_min--50.300--------
Intrinsic Value_5Y_max--112.678--------
Intrinsic Value_5Y_min--103.227--------
Market Cap8658406604.800+3%8439832108.8007620750490.015+11%7733377617.920+9%7608318489.111+11%7608318489.111+11%
Net Profit Margin--0.3400.328+4%0.3420%0.325+5%0.325+5%
Operating Margin----0%-0%-0%-0%
Operating Ratio----0%-0%-0%-0%
Pb Ratio0.362+3%0.3530.327+8%0.363-3%0.393-10%0.393-10%
Pe Ratio2.348+3%2.2882.313-1%2.416-5%2.698-15%2.698-15%
Price Per Share25.600+3%24.95022.530+11%22.865+9%22.494+11%22.494+11%
Price To Free Cash Flow Ratio0.377+3%0.3670.798-54%-0.021+106%0.254+44%0.254+44%
Price To Total Gains Ratio13.855+3%13.5039.336+45%8.199+65%-0.284+102%-0.284+102%
Quick Ratio---0.005-100%0.025-100%0.026-100%0.026-100%
Return On Assets--0.0020.002+7%0.002+0%0.002+5%0.002+5%
Return On Equity--0.0390.036+6%0.039-1%0.039+0%0.039+0%
Total Gains Per Share--1.8482.542-27%2.998-38%5.142-64%5.142-64%
Usd Book Value--17598306300.00017160207800.000+3%15698284150.000+12%14456817382.353+22%14456817382.353+22%
Usd Book Value Change Per Share--0.4881.024-52%1.292-62%3.060-84%3.060-84%
Usd Book Value Per Share--52.02450.733+3%46.415+12%42.742+22%42.742+22%
Usd Dividend Per Share--0.8730.847+3%0.915-5%0.726+20%0.726+20%
Usd Eps--2.0071.795+12%1.751+15%1.591+26%1.591+26%
Usd Free Cash Flow--4232252400.000-416009500.000+110%913748300.000+363%1415601717.647+199%1415601717.647+199%
Usd Free Cash Flow Per Share--12.511-1.230+110%2.702+363%4.185+199%4.185+199%
Usd Free Cash Flow To Equity Per Share--11.660-1.202+110%21.603-46%14.602-20%14.602-20%
Usd Market Cap6375184783.114+3%6214248381.7095611158585.798+11%5694085940.075+9%5602004903.532+11%5602004903.532+11%
Usd Price Per Share18.849+3%18.37116.589+11%16.835+9%16.562+11%16.562+11%
Usd Profit--678868600.000621805350.000+9%613521975.000+11%557032605.882+22%557032605.882+22%
Usd Revenue--1994636700.0001894315825.000+5%1793810875.000+11%1702152352.941+17%1702152352.941+17%
Usd Total Gains Per Share--1.3601.872-27%2.207-38%3.786-64%3.786-64%
 EOD+4 -4MRQTTM+25 -8YOY+19 -145Y+23 -1010Y+23 -10

3.2. Fundamental Score

Let's check the fundamental score of National Bank of Canada Pref Series 42 based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-152.348
Price to Book Ratio (EOD)Between0-10.362
Net Profit Margin (MRQ)Greater than00.340
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.945
Debt to Equity Ratio (MRQ)Less than117.157
Return on Equity (MRQ)Greater than0.150.039
Return on Assets (MRQ)Greater than0.050.002
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of National Bank of Canada Pref Series 42 based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5074.179
Ma 20Greater thanMa 5025.163
Ma 50Greater thanMa 10024.937
Ma 100Greater thanMa 20024.422
OpenGreater thanClose25.420
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2024-01-31. Currency in CAD. All numbers in thousands.

Summary
Total Assets433,927,000
Total Liabilities410,026,000
Total Stockholder Equity23,899,000
 As reported
Total Liabilities 410,026,000
Total Stockholder Equity+ 23,899,000
Total Assets = 433,927,000

Assets

Total Assets433,927,000
Total Current Assets0
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 37,399,000
Short-term Investments 4,821,000
Net Receivables 2,574,000
Total Current Assets  (as reported)0
Total Current Assets  (calculated)44,794,000
+/- 44,794,000
Long-term Assets
Property Plant Equipment 1,787,000
Goodwill 1,516,000
Long Term Investments 130,100,000
Intangible Assets 1,237,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)134,640,000
+/- 134,640,000

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities0
Total Stockholder Equity23,899,000
Total Current Liabilities
Short Long Term Debt 33,620,000
Accounts payable 4,937,000
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)38,557,000
+/- 38,557,000
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Retained Earnings 17,042,000
Total Stockholder Equity (as reported)23,899,000
Total Stockholder Equity (calculated)17,042,000
+/- 6,857,000
Other
Capital Stock4,997,000
Common Stock Shares Outstanding 338,270
Net Debt 42,897,000
Net Invested Capital 102,545,000



Balance Sheet

Currency in CAD. All numbers in thousands.

 Trend2024-01-312023-10-312023-07-312023-04-302023-01-312022-10-312022-07-312022-04-302022-01-312021-10-312021-07-312021-04-302021-01-312020-10-312020-07-312020-04-302020-01-31
> Total Assets 
289,191,000
316,950,000
322,453,000
331,625,000
343,637,000
350,742,000
354,040,000
355,795,000
366,888,000
369,785,000
387,051,000
403,740,000
418,342,000
417,684,000
426,015,000
423,578,000
433,927,000
433,927,000423,578,000426,015,000417,684,000418,342,000403,740,000387,051,000369,785,000366,888,000355,795,000354,040,000350,742,000343,637,000331,625,000322,453,000316,950,000289,191,000
   > Total Current Assets 
0
134,432,000
137,532,000
144,727,000
155,196,000
160,265,000
155,502,000
152,883,000
158,883,000
154,180,000
164,127,000
175,780,000
185,201,000
0
186,663,000
0
0
00186,663,0000185,201,000175,780,000164,127,000154,180,000158,883,000152,883,000155,502,000160,265,000155,196,000144,727,000137,532,000134,432,0000
       Cash And Cash Equivalents 
12,454,000
27,800,000
29,078,000
29,142,000
33,726,000
36,958,000
37,086,000
33,879,000
40,063,000
30,423,000
37,968,000
31,870,000
42,286,000
42,501,000
39,808,000
35,234,000
37,399,000
37,399,00035,234,00039,808,00042,501,00042,286,00031,870,00037,968,00030,423,00040,063,00033,879,00037,086,00036,958,00033,726,00029,142,00029,078,00027,800,00012,454,000
       Short-term Investments 
9,488,000
11,441,000
13,717,000
12,726,000
11,156,000
9,337,000
9,610,000
2,930,000
3,056,000
4,433,000
4,424,000
4,471,000
3,421,000
3,737,000
2,564,000
3,903,000
4,821,000
4,821,0003,903,0002,564,0003,737,0003,421,0004,471,0004,424,0004,433,0003,056,0002,930,0009,610,0009,337,00011,156,00012,726,00013,717,00011,441,0009,488,000
       Net Receivables 
2,389,000
2,554,000
2,179,000
1,892,000
2,366,000
2,070,000
2,377,000
2,661,000
3,189,000
3,921,000
4,475,000
3,904,000
4,393,000
2,221,000
5,389,000
2,143,000
2,574,000
2,574,0002,143,0005,389,0002,221,0004,393,0003,904,0004,475,0003,921,0003,189,0002,661,0002,377,0002,070,0002,366,0001,892,0002,179,0002,554,0002,389,000
       Other Current Assets 
0
13,174,000
12,850,000
13,304,000
13,115,000
13,698,000
13,728,000
14,313,000
15,124,000
15,546,000
14,433,000
15,288,000
17,182,000
0
16,318,000
0
0
0016,318,000017,182,00015,288,00014,433,00015,546,00015,124,00014,313,00013,728,00013,698,00013,115,00013,304,00012,850,00013,174,0000
   > Long-term Assets 00000000000000000
       Property Plant Equipment 
0
1,175,000
1,167,000
1,155,000
1,143,000
1,159,000
1,181,000
1,216,000
1,253,000
1,318,000
1,355,000
1,397,000
1,451,000
1,508,000
1,553,000
1,592,000
1,787,000
1,787,0001,592,0001,553,0001,508,0001,451,0001,397,0001,355,0001,318,0001,253,0001,216,0001,181,0001,159,0001,143,0001,155,0001,167,0001,175,0000
       Goodwill 
1,413,000
1,423,000
1,415,000
1,414,000
1,408,000
1,401,000
1,404,000
1,504,000
1,508,000
1,510,000
1,509,000
1,519,000
1,515,000
1,518,000
1,514,000
1,521,000
1,516,000
1,516,0001,521,0001,514,0001,518,0001,515,0001,519,0001,509,0001,510,0001,508,0001,504,0001,404,0001,401,0001,408,0001,414,0001,415,0001,423,0001,413,000
       Long Term Investments 
92,686,000
85,060,000
98,026,000
102,540,000
111,044,000
107,727,000
105,616,000
106,529,000
98,943,000
100,635,000
106,326,000
109,859,000
114,081,000
117,068,000
127,750,000
121,867,000
130,100,000
130,100,000121,867,000127,750,000117,068,000114,081,000109,859,000106,326,000100,635,00098,943,000106,529,000105,616,000107,727,000111,044,000102,540,00098,026,00085,060,00092,686,000
       Intangible Assets 
1,420,000
1,444,000
1,463,000
1,434,000
1,446,000
1,468,000
1,488,000
1,510,000
1,523,000
1,556,000
1,579,000
1,360,000
1,341,000
1,333,000
1,330,000
1,256,000
1,237,000
1,237,0001,256,0001,330,0001,333,0001,341,0001,360,0001,579,0001,556,0001,523,0001,510,0001,488,0001,468,0001,446,0001,434,0001,463,0001,444,0001,420,000
       Other Assets 
0
156,396,000
155,670,000
158,681,000
161,728,000
165,822,000
173,443,000
176,964,000
182,467,000
188,674,000
195,806,000
201,200,000
204,588,000
0
213,774,000
0
0
00213,774,0000204,588,000201,200,000195,806,000188,674,000182,467,000176,964,000173,443,000165,822,000161,728,000158,681,000155,670,000156,396,0000
> Total Liabilities 
273,770,000
301,136,000
306,952,000
315,242,000
326,717,000
332,586,000
335,461,000
336,939,000
347,239,000
349,361,000
365,954,000
381,994,000
396,327,000
395,063,000
402,991,000
399,900,000
410,026,000
410,026,000399,900,000402,991,000395,063,000396,327,000381,994,000365,954,000349,361,000347,239,000336,939,000335,461,000332,586,000326,717,000315,242,000306,952,000301,136,000273,770,000
   > Total Current Liabilities 
0
276,048,000
264,859,000
285,910,000
298,093,000
305,493,000
306,160,000
309,546,000
319,062,000
320,782,000
334,251,000
351,552,000
363,246,000
0
371,567,000
0
0
00371,567,0000363,246,000351,552,000334,251,000320,782,000319,062,000309,546,000306,160,000305,493,000298,093,000285,910,000264,859,000276,048,0000
       Short Long Term Debt 
0
0
10,169,000
14,083,000
15,636,000
19,809,000
20,575,000
18,215,000
21,154,000
16,434,000
19,058,000
17,071,000
21,062,000
14,896,000
14,300,000
20,772,000
33,620,000
33,620,00020,772,00014,300,00014,896,00021,062,00017,071,00019,058,00016,434,00021,154,00018,215,00020,575,00019,809,00015,636,00014,083,00010,169,00000
       Accounts payable 
3,340,000
203,132,000
207,330,000
217,871,000
229,317,000
233,141,000
238,704,000
243,407,000
248,931,000
248,596,000
259,337,000
268,976,000
284,479,000
4,302,000
284,629,000
5,149,000
4,937,000
4,937,0005,149,000284,629,0004,302,000284,479,000268,976,000259,337,000248,596,000248,931,000243,407,000238,704,000233,141,000229,317,000217,871,000207,330,000203,132,0003,340,000
       Other Current Liabilities 
0
26,117,000
11,738,000
28,051,000
29,083,000
31,026,000
30,017,000
32,256,000
32,618,000
32,312,000
34,228,000
35,136,000
31,119,000
0
36,554,000
0
0
0036,554,000031,119,00035,136,00034,228,00032,312,00032,618,00032,256,00030,017,00031,026,00029,083,00028,051,00011,738,00026,117,0000
   > Long-term Liabilities 00000000000000000
       Other Liabilities 
0
19,760,000
35,482,000
20,128,000
20,625,000
20,537,000
21,193,000
22,284,000
22,101,000
22,192,000
23,132,000
21,507,000
22,324,000
0
21,256,000
0
0
0021,256,000022,324,00021,507,00023,132,00022,192,00022,101,00022,284,00021,193,00020,537,00020,625,00020,128,00035,482,00019,760,0000
> Total Stockholder Equity
15,071,000
15,445,000
15,510,000
16,380,000
16,920,000
18,156,000
18,579,000
18,853,000
19,646,000
20,422,000
21,095,000
21,744,000
22,013,000
22,620,000
23,022,000
23,676,000
23,899,000
23,899,00023,676,00023,022,00022,620,00022,013,00021,744,00021,095,00020,422,00019,646,00018,853,00018,579,00018,156,00016,920,00016,380,00015,510,00015,445,00015,071,000
   Common Stock
0
3,028,000
3,040,000
3,057,000
3,094,000
3,129,000
3,141,000
3,160,000
3,208,000
3,196,000
3,189,000
3,196,000
3,236,000
0
3,294,000
0
0
003,294,00003,236,0003,196,0003,189,0003,196,0003,208,0003,160,0003,141,0003,129,0003,094,0003,057,0003,040,0003,028,0000
   Retained Earnings 
9,556,000
10,058,000
10,150,000
10,444,000
10,998,000
11,704,000
12,492,000
13,028,000
13,719,000
14,473,000
15,174,000
15,140,000
15,470,000
15,943,000
16,285,000
16,744,000
17,042,000
17,042,00016,744,00016,285,00015,943,00015,470,00015,140,00015,174,00014,473,00013,719,00013,028,00012,492,00011,704,00010,998,00010,444,00010,150,00010,058,0009,556,000
   Capital Surplus 00000000000000000
   Treasury Stock00000000000000000
   Other Stockholders Equity 
0
-137,000
-177,000
382,000
333,000
831,000
849,000
968,000
1,023,000
1,054,000
1,027,000
1,702,000
1,602,000
0
1,737,000
0
0
001,737,00001,602,0001,702,0001,027,0001,054,0001,023,000968,000849,000831,000333,000382,000-177,000-137,0000



Balance Sheet

Currency in CAD. All numbers in thousands.




Cash Flow

Currency in CAD. All numbers in thousands.




Income Statement

Currency in CAD. All numbers in thousands.


Latest Income Statement (annual, 2023-10-31)

Gross Profit (+$)
totalRevenue10,161,000
Cost of Revenue-0
Gross Profit010,161,000
 
Operating Income (+$)
Gross Profit0
Operating Expense-0
Operating Income00
 
Operating Expense (+$)
Research Development0
Selling General Administrative3,452,000
Selling And Marketing Expenses0
Operating Expense03,452,000
 
Net Interest Income (+$)
Interest Income16,777,000
Interest Expense-13,191,000
Other Finance Cost-0
Net Interest Income3,586,000
 
Pretax Income (+$)
Operating Income0
Net Interest Income3,586,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)3,972,0000
EBIT - interestExpense = -13,191,000
3,337,000
16,528,000
Interest Expense13,191,000
Earnings Before Interest and Taxes (EBIT)017,163,000
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax3,972,000
Tax Provision-637,000
Net Income From Continuing Ops3,335,0003,335,000
Net Income3,337,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-3,586,000
 

Technical Analysis of National Bank of Canada Pref Series 42
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of National Bank of Canada Pref Series 42. The general trend of National Bank of Canada Pref Series 42 is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine National Bank of Canada Pref Series 42's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of National Bank of Canada Pref Series 42.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: .

The bearish price targets are: 24.17 > 24.04 > 23.67.

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National Bank of Canada Pref Series 42 Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of National Bank of Canada Pref Series 42. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

National Bank of Canada Pref Series 42 Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of National Bank of Canada Pref Series 42. The current macd is 0.19621792.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the National Bank of Canada Pref Series 42 price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for National Bank of Canada Pref Series 42. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the National Bank of Canada Pref Series 42 price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
National Bank of Canada Pref Series 42 Daily Moving Average Convergence/Divergence (MACD) ChartNational Bank of Canada Pref Series 42 Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of National Bank of Canada Pref Series 42. The current adx is 18.91.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy National Bank of Canada Pref Series 42 shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
National Bank of Canada Pref Series 42 Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of National Bank of Canada Pref Series 42. The current sar is 25.23.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
National Bank of Canada Pref Series 42 Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of National Bank of Canada Pref Series 42. The current rsi is 74.18. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
National Bank of Canada Pref Series 42 Daily Relative Strength Index (RSI) ChartNational Bank of Canada Pref Series 42 Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of National Bank of Canada Pref Series 42. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the National Bank of Canada Pref Series 42 price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
National Bank of Canada Pref Series 42 Daily Stochastic Oscillator ChartNational Bank of Canada Pref Series 42 Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of National Bank of Canada Pref Series 42. The current cci is 113.69.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
National Bank of Canada Pref Series 42 Daily Commodity Channel Index (CCI) ChartNational Bank of Canada Pref Series 42 Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of National Bank of Canada Pref Series 42. The current cmo is 62.76.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
National Bank of Canada Pref Series 42 Daily Chande Momentum Oscillator (CMO) ChartNational Bank of Canada Pref Series 42 Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of National Bank of Canada Pref Series 42. The current willr is 0.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
National Bank of Canada Pref Series 42 Daily Williams %R ChartNational Bank of Canada Pref Series 42 Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of National Bank of Canada Pref Series 42.

National Bank of Canada Pref Series 42 Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of National Bank of Canada Pref Series 42. The current atr is 0.16098361.

National Bank of Canada Pref Series 42 Daily Average True Range (ATR) ChartNational Bank of Canada Pref Series 42 Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of National Bank of Canada Pref Series 42. The current obv is 500,522.

National Bank of Canada Pref Series 42 Daily On-Balance Volume (OBV) ChartNational Bank of Canada Pref Series 42 Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of National Bank of Canada Pref Series 42. The current mfi is 91.35.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
National Bank of Canada Pref Series 42 Daily Money Flow Index (MFI) ChartNational Bank of Canada Pref Series 42 Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for National Bank of Canada Pref Series 42.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-13RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-17MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-23STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-27RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-28BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-04RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-18WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-19STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-09RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-11RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-24CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-29ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-07STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-15WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-23CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

National Bank of Canada Pref Series 42 Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of National Bank of Canada Pref Series 42 based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5074.179
Ma 20Greater thanMa 5025.163
Ma 50Greater thanMa 10024.937
Ma 100Greater thanMa 20024.422
OpenGreater thanClose25.420
Total4/5 (80.0%)
Penke

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