AMBEV SA-ADR (ABEV) Stock Technical Analysis
USA - NYSE:ABEV - US02319V1035 - ADR
Taking everything into account, ABEV scores 1 out of 10 in our technical rating. 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.
ABEV has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.15, a Stop Loss order could be placed below this zone.
More info and screens
2.08
2 important support areas can be observed.
- 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.20 to 2.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.37 to 2.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.54 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 | NEUTRAL | NEUTRAL | The short term trend for ABEV is neutral. |
| ChartMill Relative Strength | 25.36 | NEGATIVE | ABEV has a low relative strength, it was outperformed by 74.64% 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) | UP | MIXED | The current price of ABEV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.89 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 57.89 | NEUTRAL | The Stochastics value for ABEV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEV suggests some volalility. |
| Average Directional Index/ADX (14) | 12.56 | NEGATIVE | The low ADX value for ABEV suggests a weak or negative trend. |
2.19
-0.02 (-0.9%)
AMBEV SA-ADR / ABEV FAQ
What is the ChartMill technical rating of AMBEV SA-ADR (ABEV) stock?
ChartMill assigns a technical rating of 1 / 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 48.8929. 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 2.15 and a resistance level at 2.23. Check the full technical report for our detailed analysis of ABEV support and resistance levels.