AMBEV SA-ADR (ABEV) Technical Analysis
NYSE:ABEV • US02319V1035
Current stock price
ABEV Technical Rating and Analysis
Overall ABEV gets a technical rating of 8 out of 10. Both in the recent history as in the last year, ABEV has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ABEV did better than 77% of all other stocks.
- ABEV is part of the Beverages industry. There are 34 other stocks in this industry. ABEV outperforms 87% 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.
- ABEV has an average volume of 25323000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ABEV has a been trading in the 2.70 - 3.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ABEV Weekly and Daily overview Charts
ABEV Setup Rating and Analysis
Although ABEV has an excellent technical rating, it does not present a decent entry opportunity 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
We found 6 important support areas.
- A support zone ranging from 2.82 to 2.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.77 from a trend line in the daily 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 @2.56 from a trend line in the daily time frame.
- Support @2.32 from a trend line in the weekly time frame.
- Support @2.28 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @3.24 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for ABEV is up. |
| ChartMill Relative Strength | 77.8 | POSITIVE | ABEV has a high relative strength, it outperformed 77.8% 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 | 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) | 52.97 | NEUTRAL | The RSI value for ABEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ABEV has a positive trend. |
| Stochastics (14,3) | 88.03 | OVERBOUGHT | The high Stochastics value suggests ABEV may be overbought. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEV suggests some volalility. |
| Average Directional Index/ADX (14) | 18.47 | 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
2.93
-0.04 (-1.35%)
AMBEV SA-ADR / ABEV TA FAQ
What is the ChartMill technical rating of AMBEV SA-ADR (ABEV) stock?
ChartMill assigns a technical rating of 8 / 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 52.9728. 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 0.0124111, 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 2.88 and a resistance level at 3.24. Check the full technical report for our detailed analysis of ABEV support and resistance levels.