How Will the Market React to Itau Unibanco Holding SA ADR (ITUB) Stock Getting a Bullish Rating

Itau Unibanco Holding SA ADR (ITUB) stock has risen 1.69% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Itau Unibanco Holding SA ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ITUB!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With ITUB Stock Today?

Itau Unibanco Holding SA ADR (ITUB) stock is trading at $4.82 as of 2:35 PM on Monday, Dec 5, a decline of -$0.22, or -4.46% from the previous closing price of $5.04. The stock has traded between $4.81 and $4.95 so far today. Volume today is low. So far 19,189,220 shares have traded compared to average volume of 53,432,076 shares. To see InvestorsObserver's Sentiment Score for Itau Unibanco Holding SA ADR click here.

More About Itau Unibanco Holding SA ADR

Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Its commercial and consumer loans account for 36% of the bank's total loans each, while foreign loans now account for 28% of the bank's portfolio. Itaú also operates the fifth- largest insurer in Brazil and is the second- largest asset manager in the country, giving it broad reach over the Brazilian financial system. Click Here to get the full Stock Report for Itau Unibanco Holding SA ADR stock.