ITUB stock: buy or sell
Updated on:
Jun 22nd, 2021
2
ITUB stock brief
- Itau Unibanco closed on Monday at $6.42 after moving up a 1.10%.
- From the chart point view, price is drawing a scaled uptrend since last March with higher tops and higher bottoms. This rally marked a 50.00% gain
- 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?
In the current situation of Itau Unibanco there is not any eligible buy setup. 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?
"To sell or not to sell", if you are holding Itau Unibanco stock?. Trading strategies prevent us from making rash decisions based on our sentiments or the noise that surrounds the market. When selling, as well as buying, our setups are very easy to follow but are only valid for selling shares in your porfolio, not for selling short Itau Unibanco stock
As a rule of thumb, you must never keep an open trade that results in higher than expected losses at the time of purchase. The timing to sell shares must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Itau Unibanco stock?
In the current situation of Itau Unibanco there is not any eligible sell setup, so Itau Unibanco stock holders with operations in profit can keep their positions
Itau Unibanco ratings
We don't have any rating published in the previous 30 days for Itau Unibanco
Itau Unibanco stock analysis
Since last March, Itau Unibanco has been printing an uptrend that so far marked an amazing 50.00%. The price action shows rising peaks and troughs, and along the way gave very few entry points for those who wanted to enter. Latest pullback was last April, when price bounced at $4.64. Like in all uptrends, price needs to take breath and currently price is moving in a range between $6.76 and $4.64
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band on June 9, the price has been corrected downwards by 4.46%
Relative strength index
The RSI dropped below the overbought level of 70 last Friday after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Monday was 66.9
Itau Unibanco stock price history
Itau Unibanco went public priced at an adjusted price1 of $0.77 on Feb 2002. Since then, ITUB stock has risen by 733.77%, with an average of 38.62% per year. If you had invested $1,000USD in Itau Unibanco stock at that time, it would have a value of $8,337.66 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Itau Unibanco stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions publish their price forecasts based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental data by the company, and usually. Again, these predictions are not direct recommendations for small investors and should not be trusted blindly.
In the previous 30 days we couldn't find any price target posted for Itau Unibanco stock.
Earnings and financials
In early May, Itau Unibanco ($ITUB) hosted the shareholders call and posted the report. ITUB presented earnings of $0.11 per share on revenue of $5.2 billion. The analysts estimate was $0.11 per share on revenue of $5.3 billion.
This compares to Earnings of $0.09 per share same quarter last year, so current EPS means a gain of 22.22%. Sales skyrocketed a 575.13% on an annualized basis in the , from $38.9B to $262.6B last quarter.ITUB ($ITUB) is hosting the Q2 earnings call next August.
Itau Unibanco performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Itau Unibanco ($ITUB) | 17.20% | 28.10% | 4.20% |
Important:
The opinions contained in this post are personal and not recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the particular scenarios of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for informational motives onlyITUB summary
| Monday, June 21st, 2021 | |
|---|---|
| Open | $6.44 |
| Close | $6.42 |
| Day range | $6.33 - $6.46 |
| Previous close | $6.35 |
| Session gain | 1.10% |
| Average true range | $0.29 |
| 50d mov avg | $5.50 |
| 100d mov avg | $5.19 |
| 200d mov avg | $5.10 |
| Earnings date | August 2nd, 2021 |