ITAU UNIBANCO H-SPON PRF ADR (ITUB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ITUB - US4655621062 - ADR
We assign a technical rating of 9 out of 10 to ITUB. 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.
Although ITUB has an excellent technical rating, the quality of the presented setup is not ideal 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
We found 5 important support areas.
- Support @7.59 from a trend line in the daily time frame.
- A support zone ranging from 7.28 to 7.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.75 to 6.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.63 from a horizontal line in the daily time frame.
- Support @6.10 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.63 to 7.81. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 89.95 | POSITIVE | ITUB has a high relative strength, it outperformed 89.95% 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) | 51.4 | NEUTRAL | The RSI value for ITUB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ITUB has a negative trend. |
| Stochastics (14,3) | 31.28 | NEUTRAL | The Stochastics value for ITUB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for ITUB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.25 | NEGATIVE | The low ADX value for ITUB suggests a weak or negative trend. |
7.6
+0.03 (+0.4%)
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.
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 51.4015. 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 -0.0160626, 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 7.59 and a resistance level at 7.63. Check the full technical report for our detailed analysis of ITUB support and resistance levels.