ITAU UNIBANCO BANCO HOLDING SA ADS EACH - Daily - Technical analysis published on 09/23/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
17%
28%
56%
My opinion
Bearish under 8.73 USD
My targets
8.22 USD (-0.48%)
7.92 USD (-4.12%)
My analysis
The bearish basic trend is very strong on ITAU UNIBANCO BANCO HOLDING SA ADS EACH but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 8.73 USD. Crossing the first support at 8.22 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 7.92 USD as an objective. Crossing it would then enable sellers to target 7.67 USD. Caution, a return to above the resistance located at 8.73 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ITAU UNIBANCO BANCO HOLDING SA ADS EACH price is 8.26 USD. The price is lower by -0.96% since the last closing and was between 8.24 USD and 8.27 USD. This implies that the price is at +0.24% from its lowest and at -0.12% from its highest.8.24
8.27
8.26
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of ITAU UNIBANCO BANCO HOLDING SA ADS EACH indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.67 | 7.92 | 8.22 | 8.26 | 8.73 | 9.54 | 10.27 |
| Change (%) | -7.14% | -4.12% | -0.48% | - | +5.69% | +15.50% | +24.33% |
| Change | -0.59 | -0.34 | -0.04 | - | +0.47 | +1.28 | +2.01 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.81 | 8.05 | 8.18 | 8.42 | 8.55 | 8.79 | 8.92 |
| Camarilla | 8.21 | 8.24 | 8.28 | 8.31 | 8.34 | 8.38 | 8.41 |
| Woodie | 7.76 | 8.02 | 8.13 | 8.39 | 8.50 | 8.76 | 8.87 |
| Fibonacci | 8.05 | 8.19 | 8.28 | 8.42 | 8.56 | 8.65 | 8.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.13 | 8.34 | 8.53 | 8.74 | 8.94 | 9.15 | 9.34 |
| Camarilla | 8.62 | 8.66 | 8.69 | 8.73 | 8.77 | 8.80 | 8.84 |
| Woodie | 8.12 | 8.33 | 8.53 | 8.74 | 8.93 | 9.14 | 9.34 |
| Fibonacci | 8.34 | 8.49 | 8.59 | 8.74 | 8.90 | 8.99 | 9.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.29 | 7.08 | 7.65 | 8.44 | 9.02 | 9.81 | 10.38 |
| Camarilla | 7.86 | 7.98 | 8.11 | 8.23 | 8.36 | 8.48 | 8.61 |
| Woodie | 6.18 | 7.02 | 7.55 | 8.39 | 8.91 | 9.75 | 10.28 |
| Fibonacci | 7.08 | 7.60 | 7.92 | 8.44 | 8.96 | 9.29 | 9.81 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.01 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -4.95 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 8.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.94 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 8.05 | |
| Zig ZAG (10): | 8.34 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 50.30 | |
| TEMA (21): | 8.49 | |
| Williams %R (14): | -55.45 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | -2.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 7.32 |
| MA7: | 8.48 | |
| MA20: | 8.37 | |
| MA50: | 8.74 | |
| MA100: | 8.66 | |
| MAexp7: | 8.42 | |
| MAexp20: | 8.48 | |
| MAexp50: | 8.60 | |
| MAexp100: | 8.65 | |
| Price / MA7: | -2.59% | |
| Price / MA20: | -1.31% | |
| Price / MA50: | -5.49% | |
| Price / MA100: | -4.62% | |
| Price / MAexp7: | -1.90% | |
| Price / MAexp20: | -2.59% | |
| Price / MAexp50: | -3.95% | |
| Price / MAexp100: | -4.51% |
News
The latest news and videos published on ITAU UNIBANCO BANCO HOLDING SA ADS EACH at the time of the analysis were as follows:
- Itaú Unibanco Holding S.A. - Material Fact: Payment of Complementary Dividends
- Itaú Unibanco Holding S.A. - Announcement to the Market - IFRS - Results for the 2nd Quarter of 2019
- Itaú Unibanco Holding S.A. - Information on the 2019 2nd quarter result
- Conference Call Invitation - Itaú Unibanco Holding S.A
- Conference Call Invitation - Itaú Unibanco Holding S.A
This member declared not having a position on this financial instrument or a related financial instrument.
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