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Takip Edin: @UscMarketsITUB Stock Forecast & Itaú Unibanco Holding Chart Analysis
This article provides a detailed analysis of ITUB-Itaú Unibanco Holding stock including a forecast for ITUB shares. It features Itaú Unibanco Holding S.A. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
ITUB Historical Data Review
ITUB Current Price Performance Analysis
The Itaú Unibanco Holding - ITUB stock traded on the American stock market, on 06-05-2024, closed at 5.98$ with a %-0.33 decreased compared to the previous day.
In the last month, the price of ITUB changed by %-6.27 decreased in value, from 6.38 dollars on 05-06-2024 to 5.98 dollars, decreased.
Last year, the price of ITUB was 5.51 dollars on 06-06-2023, and changed by %8.53 increased in value, to 5.98 dollars increased within a year.
The price of Itaú Unibanco Holding stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
ITUB with AI Stock Forecast & Price Target
On the ITUB chart Itaú Unibanco Holding price was recorded as 5.98 Dollars on 06/05/2024.
The artificial intelligence's forecast on ITUB stock is as follows.
The artificial intelligence's prediction error margin for ITUB stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Itaú Unibanco Holding stock over the next 4 months is: 6.2 Dollars.
The commentary on ITUB stock Target Price: Highest: 7.285 Dollars is predicted.
The commentary on ITUB stock Target Price: Lowest: 5.299 Dollars is predicted.
Resistance Price where Itaú Unibanco Holding stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 6.544 |
| 10-23-2024 | 5.945 |
| 12-27-2024 | 6.490 |
| 02-20-2025 | 6.665 |
Support Price where Itaú Unibanco Holding stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-03-2024 | 5.299 |
| 10-28-2024 | 5.944 |
| 01-16-2025 | 6.387 |
| 03-17-2025 | 6.528 |
The commentary on ITUB stock: The target price can generally be said to be on the rise.
The commentary on ITUB stock: Fluctuations in the target price can be expected in the coming days.
The target price for Itaú Unibanco Holding stock by the end of 2024 is predicted to be 6.49 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on ITUB stock, and the 2024 target price predictions for Itaú Unibanco Holding are detailed above.
The technical analysis and charts for the commentary on ITUB stock are below.
ITUB Support & Resistance and Trend Analysis
ITUB stock you have reviewed the technical analysis support resistance charts regarding.
ITUB : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the ITUB review, the Itaú Unibanco Holding support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Itaú Unibanco Holding Support and Resistance Prices:
| ITUB Support Level Price | ITUB Resistance Level Price |
|---|---|
| 5.94 | 6.56 |
| 6.15 | 6.57 |
| 6.31 | 6.83 |
| 6.40 | 6.91 |
| 6.60 | 7.03 |
| 6.72 | 7.04 |
| 6.74 | 7.05 |
| 6.78 | 7.27 |
ITUB Technical Analysis: SMA, RSI, MACD
Upon reviewing the ITUB chart, buy and sell signals have been generated in the Itaú Unibanco Holding technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for ITUB stock are as follows:- ITUB technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Itaú Unibanco Holding gave a 'Buy' signal when the RSI was at 26.667, with the current RSI value at 18.75.
- The technical analysis for Itaú Unibanco Holding indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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