Technically Speaking For January 22: Itau Unibanco Holding S.A. (ITUB), Microsoft Corporation (MSFT) - The RNS Daily

Itau Unibanco Holding S.A. (ITUB) sank -1.09% 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 9.1% and is now up by 9.41% since start of this year. A look at its monthly performance shows that the stock has recorded a 12.11% gain over the past 30 days. Its equity price climbed by 12.7% over the past three months which led to its overall six-month increase to stand at 30.88%.

A look at ITUB technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 60.27 point. Its trading volume has lost -5542381 shares compared to readings over the past three months as it recently exchanged 13417619 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 18960000 shares, and this is 0.71 times the normal volume.

The price of Microsoft Corporation (NASDAQ:MSFT) currently stands at $107.71 after it went up by $1.59 or 1.5% and has found a strong support at $106.45 a share. If the MSFT price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $105.18 mark would also be bad for the stock as it means that the stock would plunge by 2.35% from its current position. However, if the stock price is able to trade above the resistance point around $108.44, then it could likely surge higher to try and break the upward resistance which stands at $109.16 a share. Its average daily volatility over the past one month stands at 3.16%. The stock has plunged by 1.67% from its 52-weeks high of $105.91 which it reached on Mar. 10, 2018. In general, it is 22.17% above its 52-weeks lowest point which stands at $83.83 and this setback was observed on Sep. 02, 2018.

Analysts have predicted a price target for Microsoft Corporation (MSFT) for 1 year and it stands at an average $124.28/share. This means that it would likely increase by 15.38% from its current position. The current price of the stock has been moving between $105.91 and $107.9. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $75. On the other hand, one analyst is super bullish about the price, setting a target as high as $140.

The MSFT stock Stochastic Oscillator (%D) is at 89.5%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 7.19 which compares to the 7458.41 recorded by the industry or the 123.63 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 21.41, which is lower than the 25.72 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 8.5% over the past five years.

Analysts view Microsoft Corporation (NASDAQ:MSFT) as a Buy, with 1.6 consensus rating. Reuters surveyed 34 analysts that follow MSFT and found that 1 of those analysts rated the stock as a Hold. The remaining 33 were divided, with 32 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Microsoft Corporation (MSFT) shares or sell it if they already own it.

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