AMBEV SA-ADR (ABEV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABEV - US02319V1035 - ADR
We assign a technical rating of 10 out of 10 to ABEV. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABEV is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ABEV is one of the better performing stocks in the market, outperforming 90% of all stocks.
- ABEV is part of the Beverages industry. There are 33 other stocks in this industry. ABEV outperforms 84% of them.
- A new 52 week high is currently being made by ABEV, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month ABEV has a been trading in the 2.34 - 2.76 range, which is quite wide. It is currently trading near the high of this range.
- ABEV has an average volume of 29629600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although ABEV has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.15
When analyzing the support we can see 6 important areas.
- A support zone ranging from 2.49 to 2.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.42 to 2.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.38 from a trend line in the daily time frame.
- Support @2.28 from a horizontal line in the daily time frame.
- Support @2.24 from a trend line in the weekly time frame.
- Support @2.17 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for ABEV is up. |
| ChartMill Relative Strength | 90.52 | POSITIVE | ABEV has a high relative strength, it outperformed 90.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABEV is above the rising 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) | 73.63 | OVERBOUGHT | The high RSI value suggests ABEV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ABEV has a positive trend. |
| Stochastics (14,3) | 92.7 | OVERBOUGHT | The high Stochastics value suggests ABEV may be overbought. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEV suggests some volalility. |
| Average Directional Index/ADX (14) | 15.41 | NEGATIVE | The low ADX value for ABEV suggests a weak or negative trend. |
2.78
+0.04 (+1.46%)
AMBEV SA-ADR / ABEV FAQ
What is the ChartMill technical rating of AMBEV SA-ADR (ABEV) stock?
ChartMill assigns a technical rating of 10 / 10 to ABEV.
Can you provide the trend direction for AMBEV SA-ADR?
The current trend direction for AMBEV SA-ADR (ABEV) is Bullish.
What is the RSI signal for ABEV stock?
AMBEV SA-ADR (ABEV) has an RSI value of 73.6334. This indicates that the stock is currently overbought.
What is the short term momentum for AMBEV SA-ADR (ABEV) stock?
The short term momentum for AMBEV SA-ADR (ABEV) is positive.
What is the buy/sell signal for AMBEV SA-ADR (ABEV) stock?
The buy/sell signal for AMBEV SA-ADR (ABEV) is buy as both the short term and long term trends are positive.