ITUB stock: buy or sell

ITUB stock price: $6.42 1.10% At close on Jun 21st, 2021

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

ITUB stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $6.50 (1.25% above)
  • R2: $6.54 (1.87% above)
  • R3: $6.61 (2.96% above)
  • The current support levels are:

  • S1: $6.37 (-0.78% below)
  • S2: $6.36 (-0.93% below)
  • S3: $6.35 (-1.09% below)
  • Bollinger bands

    Since the price surpassed the upper band on June 9, the price has been corrected downwards by 4.46%

    ITUB stock Bollinger Bands chart

    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

    ITUB stock RSI chart

    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

    ITUB stock price history chart

    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

    ITUB performance compared
    Company1m3m6m
    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 only

    ITUB summary

    Monday, June 21st, 2021
    Open$6.44
    Close$6.42
    Day range$6.33 - $6.46
    Previous close$6.35
    Session gain1.10%
    Average true range$0.29
    50d mov avg$5.50
    100d mov avg$5.19
    200d mov avg$5.10
    Earnings dateAugust 2nd, 2021

    Frequently asked questions

    What is Itau Unibanco stock symbol?

    Itau Unibanco Holding S.A. is a public company trading in the US stock market with the ITUB symbol

    Is Itau Unibanco stock a buy or sell?

    Itau Unibanco had no ratings in the last four weeks Read the article to get additional tips on trading ITUB stock.

    Will ITUB go up?

    There were no price targets issued by analysts in the last month for Itau Unibanco.