ITAU UNIBANCO H-SPON PRF ADR (ITUB) Stock Technical Analysis
USA - NYSE:ITUB - US4655621062 - ADR
Taking everything into account, ITUB scores 7 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.
ITUB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.04, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ITUB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.04
We found 4 important support areas.
- A support zone ranging from 6.93 to 7.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.63 from a horizontal line in the daily time frame.
- Support @6.28 from a horizontal line in the weekly time frame.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 7.34 to 7.42. 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 | 79.51 | POSITIVE | ITUB has a high relative strength, it outperformed 79.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ITUB is above 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) | 52.15 | NEUTRAL | The RSI value for ITUB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ITUB has a positive trend. |
| Stochastics (14,3) | 76.11 | NEUTRAL | The Stochastics value for ITUB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ITUB suggests some volalility. |
| Average Directional Index/ADX (14) | 16.65 | NEGATIVE | The low ADX value for ITUB suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.19 | 6.92 | 0.27 (3.76%) | 25.00% |
| An entry @7.19. This is a Buy Stop order right above the 10 day high. | An exit @6.92. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.27 points, which is 3.76%. | For a 0.94% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
7.07
-0.03 (-0.42%)
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 7 / 10 to ITUB.
What is the trend direction for ITUB stock?
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 52.1517. This indicates that the stock is currently neutral.
What is the MACD signal for ITAU UNIBANCO H-SPON PRF ADR (ITUB) stock?
The MACD indicator for ITAU UNIBANCO H-SPON PRF ADR (ITUB) has a value of 0.0120226, indicating a bearish trend.
Can you provide the support and resistance levels for ITAU UNIBANCO H-SPON PRF ADR?
ITAU UNIBANCO H-SPON PRF ADR (ITUB) has a support level at 7.04 and a resistance level at 7.34. Check the full technical report for our detailed analysis of ITUB support and resistance levels.