AMBEV SA-ADR (ABEV) Stock Technical Analysis
NYSE:ABEV - US02319V1035 - ADR
2.2 USD
-0.03 (-1.35%)
2.2099 USD
+0.01 (+0.45%)
We assign a technical rating of 0 out of 10 to ABEV. ABEV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
80% of all other stocks performed better in the past year than ABEV.
ABEV is part of the Beverages industry. There are 32 other stocks in this industry, of which 61% are performing better than ABEV.
ABEV is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
ABEV has an average volume of 30450500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ABEV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABEV is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ABEV does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.20, a Stop Loss order could be placed below this zone.
More info and screens
2.13
2.57
We found 1 important support area.
- A support zone ranging from 2.15 to 2.20. 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 3 important areas.
- A resistance zone ranging from 2.29 to 2.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.42 from a trend line in the daily time frame.
- A resistance zone ranging from 2.48 to 2.54. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for ABEV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABEV is down. |
| ChartMill Relative Strength | 20.03 | NEGATIVE | ABEV has a low relative strength, it was outperformed by 79.97% 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) | DOWN | NEGATIVE | The current price of ABEV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ABEV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.75 | NEUTRAL | The RSI value for ABEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ABEV has a positive trend. |
| Stochastics (14,3) | 37.78 | NEUTRAL | The Stochastics value for ABEV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEV suggests some volalility. |
| Average Directional Index/ADX (14) | 16.29 | NEGATIVE | The low ADX value for ABEV suggests a weak or negative 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)
2.2
-0.03 (-1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg-1.35%
1 Week0.46%
2 Weeks-1.79%
1 Month-4.35%
3 Month-9.84%
6 Month6.28%
12 Month-3.08%
2 Year-20.58%
3 Year-24.14%
5 Year-2.22%
10 Year-58.25%
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%2.34%
ATR Inc3.26%
Range Today0.03
ADR(20)0.04
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.03
Mansfield-0.98
10 Day High2.27
10 Day Low2.15
20 Day High2.36
20 Day Low2.15
52 Week High2.64
52 Week Low1.76
CS1 End2.2
CR1 Start2.29
Volume & EV
DER(3)-1.04%
DER(5)1.23%
Volume14.71M
Volume Incr-30.08%
Vol(5)18.10M
Vol(50)30.45M