ITAU UNIBANCO H-SPON PRF ADR (ITUB) Technical Analysis
NYSE:ITUB • US4655621062
Taking everything into account, ITUB scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month ITUB has a been trading in the 8.12 - 9.60 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, ITUB did better than 89% of all other stocks. We also observe that the gains produced by ITUB over the past year are nicely spread over this period.
- ITUB is part of the Banks industry. There are 379 other stocks in this industry. ITUB outperforms 96% of them.
- 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 has an average volume of 24248300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although ITUB has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.18
3 important support areas can be observed.
- A support zone ranging from 8.21 to 8.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.49 from a trend line in the weekly time frame.
- Support @7.25 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.52 to 9.58. 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 | NEUTRAL | NEUTRAL | The short term trend for ITUB is neutral. |
| ChartMill Relative Strength | 89.83 | POSITIVE | ITUB has a high relative strength, it outperformed 89.83% off all stocks 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 | 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) | 40.88 | NEUTRAL | The RSI value for ITUB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests ITUB has a negative trend. |
| Stochastics (14,3) | 17.22 | OVERSOLD | The low Stochastics value suggests ITUB may be oversold. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for ITUB suggests some volalility. |
| Average Directional Index/ADX (14) | 29.74 | POSITIVE | The high ADX value value for ITUB suggests a strong trend. |
ITUB Technicals: Chart, Performance Metrics, Trend & Indicators
8.4
-0.46 (-5.19%)
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 9 / 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 40.8751. This indicates that the stock is currently neutral.
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 -0.135377, 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 8.39 and a resistance level at 9.52. Check the full technical report for our detailed analysis of ITUB support and resistance levels.