ITAU UNIBANCO H-SPON PRF ADR (ITUB) Stock Technical Analysis
USA - NYSE:ITUB - US4655621062 - ADR
Overall ITUB gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ITUB is showing a nice and steady performance.
Although ITUB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.04
5 important support areas can be observed.
- A support zone ranging from 6.93 to 7.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.75 from a horizontal line in the daily time frame.
- Support @6.63 from a horizontal line in the daily time frame.
- Support @6.28 from a horizontal line in the weekly time frame.
- Support @6.10 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.36 to 7.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ITUB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ITUB is up. |
| ChartMill Relative Strength | 83.31 | POSITIVE | ITUB has a high relative strength, it outperformed 83.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ITUB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ITUB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ITUB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.12 | NEUTRAL | The RSI value for ITUB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ITUB has a positive trend. |
| Stochastics (14,3) | 90.15 | OVERBOUGHT | The high Stochastics value suggests ITUB may be overbought. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for ITUB suggests low volalility. |
| Average Directional Index/ADX (14) | 17.55 | NEGATIVE | The low ADX value for ITUB suggests a weak or negative trend. |
7.35
+0.18 (+2.51%)
ITAU UNIBANCO H-SPON PRF ADR / ITUB FAQ
What is the ChartMill technical rating of ITAU UNIBANCO H-SPON PRF ADR (ITUB) stock?
ChartMill assigns a technical rating of 10 / 10 to ITUB.
What is the trend direction for ITUB stock?
The current trend direction for ITAU UNIBANCO H-SPON PRF ADR (ITUB) is Bullish.
What is the RSI signal for ITUB stock?
ITAU UNIBANCO H-SPON PRF ADR (ITUB) has an RSI value of 64.1227. This indicates that the stock is currently neutral.
What is the MACD signal for ITAU UNIBANCO H-SPON PRF ADR (ITUB) stock?
The MACD indicator for ITAU UNIBANCO H-SPON PRF ADR (ITUB) has a value of 0.035279, indicating a bearish trend.
Can you provide the support and resistance levels for ITAU UNIBANCO H-SPON PRF ADR?
ITAU UNIBANCO H-SPON PRF ADR (ITUB) has a support level at 7.08 and a resistance level at 7.36. Check the full technical report for our detailed analysis of ITUB support and resistance levels.