ITUB stock: buy or sell

ITUB stock price: $5.29 0.95% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

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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

ITUB stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $5.35 (1.13% above)
  • R2: $5.37 (1.51% above)
  • R3: $5.43 (2.65% above)
  • The current supports are:

  • S1: $5.27 (-0.38% below)
  • S2: $5.26 (-0.57% below)
  • S3: $5.20 (-1.70% below)
  • 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

    ITUB stock Bollinger Bands chart

    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%

    ITUB stock RSI chart

    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

    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. 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

    ITUB performance compared
    Company1m3m6m
    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 only

    ITUB summary

    Tuesday, January 26th, 2021
    Open$5.5
    Close$5.29
    Day range$5.28 - $5.51
    Previous close$5.24
    Session gain0.95%
    Average true range$0.29
    50d mov avg$5.83
    100d mov avg$5.06
    200d mov avg$4.82
    Earnings dateFebruary 8th, 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 30 days Read the article to get additional tips on trading ITUB stock.

    Will ITUB go up?

    There were no forecasts issued by market analysts in the last 30 days for Itau Unibanco.