ITAU UNIBANCO H-SPON PRF ADR (ITUB) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ITUB • US4655621062
We assign a technical rating of 10 out of 10 to ITUB. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ITUB did better than 92% 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 95% of them.
- 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 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 21958600 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 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
7.01
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.37 to 7.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.23 from a trend line in the weekly time frame.
- Support @7.08 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 | 92.12 | POSITIVE | ITUB has a high relative strength, it outperformed 92.12% 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) | 69.28 | NEUTRAL | The RSI value for ITUB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ITUB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.04 | OVERBOUGHT | The high Stochastics value suggests ITUB may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for ITUB suggests some volalility. |
| Average Directional Index/ADX (14) | 33.42 | POSITIVE | The high ADX value value for ITUB suggests a strong trend. |
8.59
-0.34 (-3.81%)
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 69.2803. 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 0.127279, 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 7.52. Check the full technical report for our detailed analysis of ITUB support and resistance levels.