AMBEV SA-ADR (ABEV) Technical Analysis
NYSE:ABEV • US02319V1035
Current stock price
ABEV Technical Rating and Analysis
Overall ABEV gets a technical rating of 3 out of 10. ABEV has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month ABEV has a been trading in the 2.84 - 3.23 range, which is quite wide. It is currently trading near the lows of this range.
- ABEV is one of the better performing stocks in the Beverages industry, it outperforms 84% of 33 stocks in the same industry.
- ABEV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ABEV is lagging the market slightly.
- ABEV has an average volume of 23950700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the performance of all stocks over the past year, ABEV turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
ABEV Weekly and Daily overview Charts
ABEV Setup Rating and Analysis
ABEV has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ABEV Support and Resistance Analysis
2.26
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2.87 to 2.90. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 2.70 to 2.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.64 from a trend line in the daily time frame.
- Support @2.36 from a trend line in the weekly time frame.
- Support @2.28 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.94 to 3.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.16 to 3.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
ABEV Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for ABEV is down. |
| ChartMill Relative Strength | 59.1 | NEUTRAL | ABEV is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of ABEV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.13 | NEUTRAL | The RSI value for ABEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ABEV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.82 | OVERSOLD | The low Stochastics value suggests ABEV may be oversold. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEV suggests some volalility. |
| Average Directional Index/ADX (14) | 14.98 | NEGATIVE | The low ADX value for ABEV suggests a weak or negative trend. |
ABEV Chart- and CandleStick Pattern Analysis
ABEV Technicals: Chart, Performance Metrics, Trend & Indicators
2.9
-0.02 (-0.68%)
AMBEV SA-ADR / ABEV TA FAQ
What is the ChartMill technical rating of AMBEV SA-ADR (ABEV) stock?
ChartMill assigns a technical rating of 3 / 10 to ABEV.
Can you provide the trend direction for AMBEV SA-ADR?
The current trend direction for AMBEV SA-ADR (ABEV) is Bullish.
Can you provide the RSI signal for AMBEV SA-ADR?
AMBEV SA-ADR (ABEV) has an RSI value of 44.1328. This indicates that the stock is currently neutral.
What is the MACD signal for AMBEV SA-ADR (ABEV) stock?
The MACD indicator for AMBEV SA-ADR (ABEV) has a value of -0.022241, indicating a bearish trend.
What are the support and resistance levels for AMBEV SA-ADR (ABEV) stock?
AMBEV SA-ADR (ABEV) has a support level at 2.9 and a resistance level at 2.94. Check the full technical report for our detailed analysis of ABEV support and resistance levels.