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 4 out of 10 in our technical rating. ITUB has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month ITUB has a been trading in the 6.23 - 6.95 range, which is quite wide. It is currently trading near the lows of this range.
ITUB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ITUB is lagging the market slightly.
ITUB has an average volume of 31330900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the performance of all stocks over the past year, ITUB turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
ITUB is an average performer in the Banks industry, it outperforms 56% of 394 stocks in the same industry.
ITUB has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.04
7.00
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.26 to 6.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.10 to 6.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.52 to 6.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.81 from a horizontal line in the daily time frame.
- A resistance zone ranging from 6.93 to 6.93. 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 | DOWN | NEGATIVE | The short term trend for ITUB is down. |
| ChartMill Relative Strength | 68.92 | NEUTRAL | ITUB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ITUB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ITUB is below 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) | 45.17 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 17.59 | OVERSOLD | The low Stochastics value suggests ITUB may be oversold. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for ITUB suggests some volalility. |
| Average Directional Index/ADX (14) | 17.98 | NEGATIVE | The low ADX value for ITUB suggests a weak or negative 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)
6.45
+0.12 (+1.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.9%
1 Week1.26%
2 Weeks-5.29%
1 Month-4.3%
3 Month13.96%
6 Month33.36%
12 Month15.55%
2 Year18.05%
3 Year57.67%
5 Year39.12%
10 Year22.61%
15 Year-52.47%
Volatility
ATR(14)0.14
ATR(20)%2.1%
ATR Inc-22.66%
Range Today0.14
ADR(20)0.12
ADR(20)%1.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.92
Mansfield0.46
10 Day High6.95
10 Day Low6.23
20 Day High6.95
20 Day Low6.23
52 Week High6.95
52 Week Low4.42
CS1 End6.39
CR1 Start6.52
Volume & EV
DER(3)2.37%
DER(5)1.68%
Volume33.16M
Volume Incr21.08%
Vol(5)32.72M
Vol(50)31.33M