Itau Unibanco Banco Technical Analysis (NYSE:ITUB)
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 ITUB stock chart pattern can give those who understand technical analysis an indication of which way ITUB stock is headed, but cannot predict with 100% certainty as to what can happen to the Itau Unibanco Banco 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 Unibanco Banco. Technical analysis uses an approach for Itau Unibanco Banco stock analysis that does not care for the fair value of a company but uses price and volume data only.
Itau Unibanco Banco Moving Average
Moving averages show the average price of ITUB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $16 is below the last closing price of $16.19 and the 50 day moving average of $14.54 is below the last closing price of $16.19. The 10 and 20 day periods can predict short term moving average trends.
Itau Unibanco Banco Bollinger Bands
Bollinger bands comprise of a center line usually ITUB SMA, and two ITUB stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Itau Unibanco Banco bollinger bands.
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 line is above the signal line.
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. If the RSI of ITUB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.