ITAU UNIBANCO H-SPON PRF ADR (ITUB) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ITUB • US4655621062
Taking everything into account, ITUB scores 10 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ITUB did better than 91% of all other stocks. On top of that, ITUB also shows a nice and consistent pattern of rising prices.
- ITUB is part of the Banks industry. There are 383 other stocks in this industry. ITUB outperforms 94% of them.
- ITUB is currently trading near its 52 week high. This is a good sign, definitely because the S&P500 Index is trading in the lower area of its yearly range.
- In the last month ITUB has a been trading in the 7.21 - 9.11 range, which is quite wide. It is currently trading near the high of this range.
- ITUB has an average volume of 21954500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
Although ITUB has an excellent technical rating, it does not present a decent entry opportunity 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
7.02
2 important support areas can be observed.
- Support @7.28 from a trend line in the weekly time frame.
- Support @7.09 from a trend line in the daily time frame.
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 | 91.56 | POSITIVE | ITUB has a high relative strength, it outperformed 91.56% 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) | 70.94 | OVERBOUGHT | The high RSI value suggests ITUB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ITUB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.05 | OVERBOUGHT | The high Stochastics value suggests ITUB may be overbought. |
| 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) | 34.85 | POSITIVE | The high ADX value value for ITUB suggests a strong trend. |
8.7
+0.11 (+1.28%)
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.
Can you provide the trend direction for ITAU UNIBANCO H-SPON PRF ADR?
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 70.9423. This indicates that the stock is currently overbought.
Can you provide the MACD signal for ITAU UNIBANCO H-SPON PRF ADR?
The MACD indicator for ITAU UNIBANCO H-SPON PRF ADR (ITUB) has a value of 0.105715, indicating a bearish trend.
What is the support and resistance level for ITUB stock?
ITAU UNIBANCO H-SPON PRF ADR (ITUB) has a support level at 7.28. Check the full technical report for our detailed analysis of ITUB support and resistance levels.