ITAU UNIBANCO H-SPON PRF ADR (ITUB) Stock Technical Analysis
NYSE:ITUB - New York Stock Exchange, Inc. - US4655621062 - ADR - Currency: USD
Taking everything into account, ITUB scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ITUB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
ITUB is one of the better performing stocks in the Banks industry, it outperforms 89% of 396 stocks in the same industry.
ITUB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ITUB is performing more or less in line with the market.
ITUB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ITUB has an average volume of 30043100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ITUB did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
ITUB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 6.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ITUB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.68
6.89
We found 2 important support areas.
- A support zone ranging from 6.52 to 6.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.74 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 6.73 to 6.82. 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 | 88.25 | POSITIVE | ITUB has a high relative strength, it outperformed 88.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ITUB is below 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) | 55.08 | NEUTRAL | The RSI value for ITUB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ITUB has a negative trend. |
| Stochastics (14,3) | 35.51 | NEUTRAL | The Stochastics value for ITUB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for ITUB suggests some volalility. |
| Average Directional Index/ADX (14) | 34.69 | POSITIVE | The high ADX value value for ITUB suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.63 | 6.51 | 0.12 (1.75%) | 25.00% |
| An entry @6.63. This is a Buy Stop order right above the 10 day moving average. | An exit @6.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.12 points, which is 1.75%. | For a 0.44% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ITUB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.53
-0.06 (-0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.91%
1 Week-1.66%
2 Weeks-3.4%
1 Month6.87%
3 Month26.46%
6 Month33.76%
12 Month20.93%
2 Year21.75%
3 Year67.83%
5 Year53.16%
10 Year-1.6%
15 Year-40.17%
Volatility
ATR(14)0.14
ATR(20)%2.47%
ATR Inc-25.16%
Range Today0.12
ADR(20)0.14
ADR(20)%2.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.25
Mansfield1.27
10 Day High6.84
10 Day Low6.39
20 Day High6.85
20 Day Low6.07
52 Week High6.85
52 Week Low4.42
CS1 End6.52
CR1 Start6.73
Volume & EV
DER(3)3.19%
DER(5)4.21%
Volume28.57M
Volume Incr-8.75%
Vol(5)31.46M
Vol(50)30.04M