Itaú Unibanco: confirmed buy, the week cools off
Itaú Unibanco slips 5.3% back to its double bottom, but the buy signal holds
Itaú Unibanco: confirmed buy, the week cools off
Our view last week
Itaú Unibanco shares closed the week up 3.6%, with a 7% bounce off their own 20-day moving average: the technical picture stays solid, though three weekly warnings have surfaced — contracting volumes, fading body conviction, distribution underway. The first week's confirmation came in positive, the trade is already up 4.9%, ranking 6th among the 8 open Rest of the World buys.
This week's summary
Itaú Unibanco slips back 5.3% to the edge of the double bottom in the 39 area, the same floor it had bounced 8% off just days earlier: after a prior week up 4.9%, the trade has almost broken even. Warning signs keep piling up — contracting volumes, buyers in retreat, distribution underway — but the buy signal, fired three weeks ago, still holds its confirmation. Itaú Unibanco shares remain a case to watch in this week's technical analysis, with the banking sector still in a strength phase.
Open BUY
·3rd week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 4
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IQS Phase
54
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#6 / 10
Rest of the World stocks in progress
Trade P&L %
-0.66%
from signal to today
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