Itau Unibanco Banco Holding SA Stock Forecast
Green day on Tuesday for Itau Unibanco Banco Holding SA stock after gaining 1.05%
(Updated on Jul 02, 2024)
The Itau Unibanco Banco Holding SA stock price gained 1.05% on the last trading day (Tuesday, 2nd Jul 2024), rising from $5.73 to $5.79. During the last trading day the stock fluctuated 1.76% from a day low at $5.69 to a day high of $5.79. The price has been going up and down for this period, and there has been a -2.36% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 million more shares were traded than the day before. In total, 22 million shares were bought and sold for approximately $128.92 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.80% during the next 3 months and, with a 90% probability hold a price between $5.01 and $5.64 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ITUB Signals & Forecast
There are mixed signals in the stock today. The Itau Unibanco Banco Holding SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $5.88 and $6.07. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 1.05%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Itau Unibanco Banco Holding SA stock
Itau Unibanco Banco Holding SA finds support from accumulated volume at $5.73 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 $0.1000 between high and low, or 1.76%. For the last week the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ITUB) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Itau Unibanco Banco Holding SA to open at $5.76, and during the day (based on 14 day Average True Range), to move between $5.66 and $5.92, which gives a possible trading interval of +/-$0.133 (+/-2.31%) 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 4.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.73 (1.04%) than the resistance at $6.00 (3.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Itau Unibanco Banco Holding SA stock A Buy?
Itau Unibanco Banco Holding SA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.501 Sell Candidate Unchanged
Predicted Opening Price for Itau Unibanco Banco Holding SA of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $5.76 ( 0.576%) | $5.79 |
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 | |
|---|---|---|
| R3 | 5.86 | 1.15% |
| R2 | 5.82 | 0.492% |
| R1 | 5.79 | 0.0841% |
| Price | 5.79 | |
| S1 | 5.72 | -1.24% |
| S2 | 5.69 | -1.64% |
| S3 | 5.66 | -2.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.25 | 7.94% |
| R2 | 6.05 | 4.49% |
| R1 | 6.00 | 3.63% |
| Price | 5.79 | |
| S1 | 5.73 | -1.04% |
| S2 | 0 | - |
| S3 | 0 | - |
ITUB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | Jul 02, 2024 | Aug 09, 2024 | $0.0028 | 0.0491% |
| 2 | May 06, 2024 | Jun 24, 2024 | Sep 09, 2024 | $0.0354 | 0.613% |
| 3 | May 06, 2024 | Jun 04, 2024 | Jul 09, 2024 | $0.0030 | 0.0512% |
| 4 | Apr 03, 2024 | May 02, 2024 | Jun 10, 2024 | $0.0030 | 0.0511% |
| 5 | Mar 05, 2024 | Mar 28, 2024 | May 09, 2024 | $0.0030 | 0.0481% |
FAQ
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