ITAU UNIBANCO H-SPON PRF ADR (ITUB) Stock Technical Analysis
NYSE:ITUB - New York Stock Exchange, Inc. - US4655621062 - ADR - Currency: USD
Overall ITUB gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ITUB is only an average performer.
The long and short term trends are both positive. This is looking good!
ITUB is one of the better performing stocks in the Banks industry, it outperforms 71% of 392 stocks in the same industry.
ITUB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ITUB has a been trading in the 6.11 - 6.84 range, which is quite wide. It is currently trading near the high of this range.
ITUB has an average volume of 28838100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 67% of all stocks.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
6.04
7.00
3 important support areas can be observed.
- Support @6.81 from a horizontal line in the daily time frame.
- A support zone ranging from 6.28 to 6.43. 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 6.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- 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 | UP | POSITIVE | The short term trend for ITUB is up. |
| ChartMill Relative Strength | 67.54 | NEUTRAL | ITUB is not amongst the best or worst performers 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) | 65.48 | NEUTRAL | The RSI value for ITUB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ITUB has a positive trend. |
| Stochastics (14,3) | 86.91 | OVERBOUGHT | The high Stochastics value suggests ITUB may be overbought. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for ITUB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.42 | 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)
6.83
+0.18 (+2.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.71%
1 Week8.93%
2 Weeks7.56%
1 Month7.22%
3 Month3.33%
6 Month28.43%
12 Month19.82%
2 Year36.6%
3 Year52.09%
5 Year76.36%
10 Year53.95%
15 Year-47.75%
Volatility
ATR(14)0.17
ATR(20)%2.28%
ATR Inc71.02%
Range Today0.2
ADR(20)0.14
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.54
Mansfield1
10 Day High6.84
10 Day Low6.11
20 Day High6.84
20 Day Low6.11
52 Week High6.95
52 Week Low4.42
CS1 End6.81
CR1 Start6.93
Volume & EV
DER(3)6.45%
DER(5)7.63%
Volume35.12M
Volume Incr24.49%
Vol(5)34.80M
Vol(50)28.84M