Itau Corp Technical Analysis (NYSE:ITCB)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The ITCB stock chart pattern can give those who understand technical analysis an indication of which way ITCB stock is headed, but cannot predict with 100% certainty as to what can happen to the Itau Corp stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Itau Corp. Technical analysis uses an approach for Itau Corp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Itau Corp Moving Average
Moving averages help predict the price direction of ITCB stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $14.89 is below the price of $15.32.
Itau Corp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Itau Corp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Itau Corp bollinger bands.
Itau Corp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Itau Corp MACD line is below the signal line.
Itau Corp Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 64.11 is the RSI value of ITCB stock.