Technically Speaking For February 13: Itau Unibanco Holding S.A. (ITUB), Expeditors International of Washington, Inc. (EXPD)

Itau Unibanco Holding S.A. (ITUB) sank -1.18% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 3.6% and is now up by 10.39% since start of this year. A look at its monthly performance shows that the stock has recorded a -0.2% fall over the past 30 days. Its equity price climbed by 13.12% over the past three months which led to its overall six-month increase to stand at 36.63%.

Experts from research firms are bullish about the near-term performance of Itau Unibanco Holding S.A. with most of them predicting a $9.48 price target on a short-term (12 months) basis. The average price target by the analysts will see a -6.05% rise in the stock and would lead to ITUB’s market cap to surge to $85.51B. The stock has been rated an average 2.7, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 5 analysts that track Itau Unibanco Holding S.A. (NYSE:ITUB) and find out that 3 of them rated it as a Hold. 1 of the 2 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at ITUB technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 52.88 point. Its trading volume has added 2188085 shares compared to readings over the past three months as it recently exchanged 19998085 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 17810000 shares, and this is 1.12 times the normal volume.

The price of Expeditors International of Washington, Inc. (NASDAQ:EXPD) currently stands at $73.03 after it went up by $1.86 or 2.61% and has found a strong support at $72.05 a share. If the EXPD price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $71.07 mark would also be bad for the stock as it means that the stock would plunge by 2.68% from its current position. However, if the stock price is able to trade above the resistance point around $73.54, then it could likely surge higher to try and break the upward resistance which stands at $74.05 a share. Its average daily volatility over the past one month stands at 1.81%. The stock has plunged by 1.99% from its 52-weeks high of $71.58 which it reached on Dec. 06, 2018. In general, it is 16.88% above its 52-weeks lowest point which stands at $60.7 and this setback was observed on Mar. 23, 2018.

Analysts have predicted a price target for Expeditors International of Washington, Inc. (EXPD) for 1 year and it stands at an average $68.08/share. This means that it would likely increase by -6.78% from its current position. The current price of the stock has been moving between $71.58 and $73.07. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $57. On the other hand, one analyst is super bullish about the price, setting a target as high as $78.

The EXPD stock Stochastic Oscillator (%D) is at 92.85%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.62 which compares to the 0.6 recorded by the industry or the 2.19 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 21.37, which is lower than the 22.94 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 9.5% over the past five years.

Analysts view Expeditors International of Washington, Inc. (NASDAQ:EXPD) as a Sell, with 3.1 consensus rating. Reuters surveyed 14 analysts that follow EXPD and found that 9 of those analysts rated the stock as a Hold. The remaining 5 were divided, with 2 analyst rating it as a Buy or a Strong Buy while 3 analysts advised investors to desist from buying Expeditors International of Washington, Inc. (EXPD) shares or sell it if they already own it.