Itau Unibanco Banco Technical Analysis (NYSE:ITUB)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Itau Unibanco Banco stock price data and volume are plotted in ITUB stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Itau Unibanco Banco. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Itau Unibanco Banco stock analysis using these technical indicators helps identify trading opportunities.
Itau Unibanco Banco Moving Average:
Moving averages help predict the price direction of ITUB stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A rise in trend over the long term indicates a long term uptrend. Similarly a falling ITUB moving average implies that Itau Unibanco Banco stock price is falling.
Itau Unibanco Banco Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ITUB stock. Itau Unibanco Banco bollinger bands show that the stock price is $11.33, upper band is 44.71, lower band is 37.69, and the average is 41.2.
Itau Unibanco Banco Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Itau Unibanco Banco MACD indicator can be used to identify bullish and bearish trends for the stock.
Itau Unibanco Banco Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of ITUB stock is 6.66. .