As this happened, UBS upgraded its Itau Unibanco Holding S.A. ADR [ITUB] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in mid January from “a Hold” to “a Buy”. UBS also remained covering ITUB and has decreased its forecast on August 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. Morgan Stanley revised its rating on June 17, 2024. It rated ITUB as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of ITUB
On Tuesday, Itau Unibanco Holding S.A. ADR [NYSE:ITUB] saw its stock jump 1.06% to $5.71. Over the last five days, the stock has lost -4.55%. Itau Unibanco Holding S.A. ADR shares have risen nearly 16.37% since the year began. Nevertheless, the stocks have fallen -13.44% over the past one year. While a 52-week high of $6.75 was reached on 02/14/25, a 52-week low of $4.81 was recorded on 01/03/25. SMA at 50 days reached $5.44, while 200 days put it at $6.01.
Levels Of Support And Resistance For ITUB Stock
The 24-hour chart illustrates a support level at 5.68, which if violated will result in even more drops to 5.64. On the upside, there is a resistance level at 5.76. A further resistance level may holdings at 5.80. The Relative Strength Index (RSI) on the 14-day chart is 51.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.82%. Stochastics %K at 13.82% indicates the stock is a buying.
