Itau Unibanco Banco Holding SA Stock Forecast
Itau Unibanco Banco Holding SA stock price ended at $6.93 on Thursday, after losing 0.144%.
(Updated on Mar 28, 2024)
The Itau Unibanco Banco Holding SA stock price fell by -0.144% on the last day (Thursday, 28th Mar 2024) from $6.94 to $6.93. During the last trading day the stock fluctuated 1.31% from a day low at $6.89 to a day high of $6.98. The price has fallen in 6 of the last 10 days and is down by -0.29% for this period. Volume has increased on the last day by 370 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 million shares were bought and sold for approximately $60.86 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.38% during the next 3 months and, with a 90% probability hold a price between $6.87 and $7.58 at the end of this 3-month period.
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ITUB Signals & Forecast
The Itau Unibanco Banco Holding SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $6.87 and $6.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 2.82%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, March 26, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, March 26, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Itau Unibanco Banco Holding SA stock
Itau Unibanco Banco Holding SA finds support from accumulated volume at $6.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0900 between high and low, or 1.31%. For the last week the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: $6.66 (-3.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (ITUB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Itau Unibanco Banco Holding SA to open at $6.93, and during the day (based on 14 day Average True Range), to move between $6.81 and $7.05, which gives a possible trading interval of +/-$0.122 (+/-1.76%) up or down from last closing price. If Itau Unibanco Banco Holding SA takes out the full calculated possible swing range there will be an estimated 3.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.95 (0.29%) than the support at $6.90 (0.43%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Itau Unibanco Banco Holding SA stock A Buy?
Itau Unibanco Banco Holding SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.954 Hold/Accumulate Unchanged
Predicted Opening Price for Itau Unibanco Banco Holding SA of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$6.93 ( 0.0481%) | $6.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ITUB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.02 | 1.35 % | |
R2 | 6.99 | 0.85 % | ||
R1 | 6.97 | 0.544 % | ||
Current price: | 6.93 | |||
Support | S1 | 6.90 | -0.448 % | |
S2 | 6.88 | -0.754 % | ||
S3 | 6.84 | -1.25 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.23 | 4.33 % | |
R2 | 7.05 | 1.73 % | ||
R1 | 6.95 | 0.289 % | ||
Current price | 6.93 | |||
Support | S1 | 6.90 | -0.433% | |
S2 | 6.86 | -1.01% | ||
S3 | 6.85 | -1.15% |
ITUB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 05, 2024 | Mar 28, 2024 | May 09, 2024 | $0.0030 | 0.0437% |
2 | Mar 05, 2024 | Mar 22, 2024 | May 09, 2024 | $0.0365 | 0.526% |
3 | Mar 01, 2024 | Mar 08, 2024 | Apr 08, 2024 | $0.0060 | 0.0871% |
4 | Feb 22, 2024 | Feb 22, 2024 | Mar 15, 2024 | $0.199 | 2.89% |
5 | Jan 05, 2024 | Feb 01, 2024 | Mar 11, 2024 | $0.0031 | 0.0450% |
FAQ
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