ITUB stock: buy or sell
Updated on:
Jan 27th, 2021
2
ITUB stock brief
- Itau Unibanco closed on Tuesday at $5.29 after just changing a 0.95% breaking a streak of 6 sessions in negative.
- The price is currently under the lower Bollinger band, which usually indicates a short-term bounce that you should not try to trade
- Itaú Unibanco Holding S. A. provides a range of financial products and services in Brazil and internationally.
Should I buy Itau Unibanco stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $ITUB stock a buy?
Currently, Itau Unibanco stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $ITUB will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Itau Unibanco stock?
When you are a novel trader and you own a stock with some profit, it's really difficult to decide the good moment to sell and get your benefits. Trading strategies prevent us from making rash decisions based on our personal emotions or the buzz surrounding the market. We like very simple strategies to guide us on when is a good time to sell our shares. Be aware that these strategies are not intended for shorting $ITUB stock
As a golden rule, you should never hold an open trade that results in greater losses than those expected upon the buy. The timing to sell shares must always be determined by the stop-loss (automatic or manual)
Is it time to sell Itau Unibanco stock?
Currently, Itau Unibanco stock doesn't match any of our preferred sell setups, so if you own Itau Unibanco shares and your operation is in profit probably is not time to sell now
Itau Unibanco ratings
In the last 30 days we couldn't find any rating for Itau Unibanco
Itau Unibanco stock analysis
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Price readings both above or below the Bollinger Bands mean that the price has has trended strongly to extreme upward or downward values. In this case, the price is beneath the upper band, meaning a short-term bounce off (at least) until it is back above the band
Relative strength index
The RSI dropped below the overbought level of 70 in mid-December after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Tuesday was 35.29. Since RSI lost the overbought zone, Itau Unibanco price tanked a 15.76%
Itau Unibanco stock price history
Itau Unibanco started trading priced at an adjusted price1 of $0.78 on Feb 2002. Since then, ITUB stock surged by 578.21%, with an average of 32.12% per year. An investment of $1,000USD on the IPO would be valued $6,782.05 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Itau Unibanco stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
The following table shows the price target released by brokerage institutions over the last 30 days. Again, these estimates are not direct recommendations for individual investors and must not be trusted blindly.
In the previous month we couldn't find any price target published for Itau Unibanco stock.
Earnings and financials
Last November, Itau Unibanco Holding S.A. ($ITUB) reported EPS for that met Wall St. expectations. Quarterly EPS was $0.10 per share versus the estimated $0.10. The company reported turnover for Q3 was $5.3 billion consistent with analysts' estimates as well.
In comparing, the EPS for the same quarter last year was $0.13, so posted EPS means a reduction of -23.08%. Turnover scarcely moved on an annualized basis in the , from $210.8B to $201.5B last quarter.ITUB ($ITUB) will host the earnings call next Monday.
Itau Unibanco performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Itau Unibanco ($ITUB) | -14.10% | 18.10% | 0.60% |
Important:
The comments published in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not know the specific circumstances of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are published for general educational purposes onlyITUB summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $5.5 |
| Close | $5.29 |
| Day range | $5.28 - $5.51 |
| Previous close | $5.24 |
| Session gain | 0.95% |
| Average true range | $0.29 |
| 50d mov avg | $5.83 |
| 100d mov avg | $5.06 |
| 200d mov avg | $4.82 |
| Earnings date | February 8th, 2021 |