AMBEV SA-ADR (ABEV) Stock Technical Analysis
NYSE:ABEV - New York Stock Exchange, Inc. - US02319V1035 - ADR - Currency: USD
Overall ABEV gets a technical rating of 6 out of 10. In the last year, ABEV was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that ABEV is one of the better performing stocks in the market, outperforming 79% of all stocks.
ABEV is part of the Beverages industry. There are 33 other stocks in this industry. ABEV outperforms 75% of them.
ABEV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ABEV is performing more or less in line with the market.
In the last month ABEV has a been trading in the 2.42 - 2.57 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ABEV has an average volume of 31226200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is only medium, ABEV does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.43, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ABEV in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.37
2.59
2 important support areas can be observed.
- A support zone ranging from 2.43 to 2.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.39 to 2.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.50 to 2.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ABEV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABEV is neutral. |
| ChartMill Relative Strength | 79.56 | POSITIVE | ABEV has a high relative strength, it outperformed 79.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABEV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABEV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABEV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.18 | NEUTRAL | The RSI value for ABEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ABEV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.56 | NEUTRAL | The Stochastics value for ABEV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEV suggests some volalility. |
| Average Directional Index/ADX (14) | 22.69 | NEUTRAL | The ADX value for ABEV suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.57 | 2.42 | 0.15 (5.84%) | 17.13% |
| An entry @2.57. This is a Buy Stop order right above the resistance zone. | An exit @2.42. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.15 points, which is 5.84%. | For a 1.00% total portfolio risk, you can invest 17.13% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.49
+0.03 (+1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg1.22%
1 Week2.05%
2 Weeks-0.8%
1 Month-1.58%
3 Month11.66%
6 Month8.73%
12 Month14.75%
2 Year-21.7%
3 Year-0.8%
5 Year-5.68%
10 Year-59.18%
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%2.05%
ATR Inc4.93%
Range Today0.06
ADR(20)0.05
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.56
Mansfield0.79
10 Day High2.54
10 Day Low2.42
20 Day High2.57
20 Day Low2.42
52 Week High2.64
52 Week Low1.76
CS1 End2.43
CR1 Start2.46
Volume & EV
DER(3)4.46%
DER(5)5.07%
Volume30.16M
Volume Incr-2.46%
Vol(5)22.91M
Vol(50)31.23M