AMBEV SA-ADR (ABEV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABEV - US02319V1035 - ADR
Overall ABEV gets a technical rating of 4 out of 10. ABEV was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
ABEV has an average technical rating and it also does not offer a high quality setup 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
2.08
4 important support areas can be observed.
- Support @2.28 from a horizontal line in the daily time frame.
- Support @2.20 from a trend line in the weekly time frame.
- Support @2.15 from a horizontal line in the daily time frame.
- A support zone ranging from 2.10 to 2.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.41 to 2.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.55 to 2.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.63 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 | NEUTRAL | NEUTRAL | The long term trend for ABEV is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABEV is down. |
| ChartMill Relative Strength | 78.1 | POSITIVE | ABEV has a high relative strength, it outperformed 78.1% 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 | MIXED | The current price of ABEV is below 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) | 41.7 | NEUTRAL | The RSI value for ABEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ABEV has a negative trend. |
| Stochastics (14,3) | 20.43 | NEUTRAL | The Stochastics value for ABEV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEV suggests some volalility. |
| Average Directional Index/ADX (14) | 20.04 | NEUTRAL | The ADX value for ABEV suggests a possible start of a new trend. |
2.37
0 (0%)
AMBEV SA-ADR / ABEV FAQ
What is the ChartMill technical rating of AMBEV SA-ADR (ABEV) stock?
ChartMill assigns a technical rating of 4 / 10 to ABEV.
What is the trend direction for ABEV stock?
The current trend direction for AMBEV SA-ADR (ABEV) is Bearish.
What is the RSI signal for AMBEV SA-ADR (ABEV) stock?
AMBEV SA-ADR (ABEV) has an RSI value of 41.7025. This indicates that the stock is currently neutral.
What is the support and resistance level for ABEV stock?
AMBEV SA-ADR (ABEV) has a support level at 2.28 and a resistance level at 2.41. Check the full technical report for our detailed analysis of ABEV support and resistance levels.