Open buy · week 4
Itaú Unibanco gains 6.4% and sets a new 90-day high after bouncing off its 20-day average
Our view last week
Itaú Unibanco's weekly price action leans toward the sellers, who dominated the bar to an extreme, with buying below 25% of volume: the stock slips 0.5% and stays under its 7-day high, in the 43.7 area, which turned it back again. On the daily chart money flow stays positive. For Itaú Unibanco stock the buy signal from 3 weeks ago is holding, and the swing trading case is still waiting for that ceiling to break.
This week's summary
Itaú Unibanco bounced off its 20-day moving average, in the 43 area, and closed the week up 6.4% with a new 90-day high in the 45.3 area. A week ago the stock was stuck under the ceiling in the 43.7 area: that ceiling is now behind it and the price action is back on the side of the buy signal. Itaú Unibanco stock has an improving weekly MACD and weekly money flow back in positive territory, but the ADX is still low: the swing trading case still needs a close above the new high.
IQS Phase
82
in tension / maturity
Signal Strength
42
medium · weak
Sizing
REDUCED
Ranking
#16 / 20
Rest of the World stocks in progress
Trade P&L %
+6.94%
from signal to date, no stop loss
Itau Unibanco (ITUB4) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 16th among the 20 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 42 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimeweak phase
Performanceweekly -2.46% · monthly -7.23%
ITUB4 belongs to the financials sector (reference ETF XLF). The sector is classified weak phase according to our weekly reading.
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