Following these proceedings, HSBC Securities upgraded its Itau Unibanco Holding S.A. ADR [ITUB] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late August from “a Buy” to “a Neutral”. Morgan Stanley also remained covering ITUB and has increased its forecast on June 17, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. BofA Securities revised its rating on January 16, 2024. It rated ITUB as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ITUB
On Tuesday, Itau Unibanco Holding S.A. ADR [NYSE:ITUB] saw its stock jump 0.20% to $5.10. Over the last five days, the stock has gained 0.59%. Itau Unibanco Holding S.A. ADR shares have risen nearly 2.88% since the year began. Nevertheless, the stocks have fallen -22.53% over the past one year. While a 52-week high of $7.01 was reached on 01/07/25, a 52-week low of $4.86 was recorded on 01/03/25. SMA at 50 days reached $5.51, while 200 days put it at $6.10.
Levels Of Support And Resistance For ITUB Stock
The 24-hour chart illustrates a support level at 5.04, which if violated will result in even more drops to 4.98. On the upside, there is a resistance level at 5.14. A further resistance level may holdings at 5.18. The Relative Strength Index (RSI) on the 14-day chart is 45.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.00%. Stochastics %K at 54.17% indicates the stock is a holding.
How much short interest is there in Itau Unibanco Holding S.A. ADR?
A steep rise in short interest was recorded in Itau Unibanco Holding S.A. ADR stocks on 2024-12-31, growing by 13.42 million shares to a total of 25.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 11.64 million shares. There was a rise of 53.56%, which implies that there is a positive sentiment for the stock.
