AMBEV SA-ADR (ABEV) Stock Technical Analysis
NYSE:ABEV • US02319V1035
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!
- Looking at the yearly performance, ABEV did better than 88% of all other stocks. On top of that, ABEV also shows a nice and consistent pattern of rising prices.
- ABEV is part of the Beverages industry. There are 33 other stocks in this industry. ABEV outperforms 87% of them.
- ABEV is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ABEV has a been trading in the 2.76 - 3.24 range, which is quite wide. It is currently trading near the high of this range.
- ABEV has an average volume of 26097600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ABEV has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.17. Right above this resistance zone may be a good entry point.
More info and screens
2.15
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2.75 to 2.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.69 from a trend line in the weekly time frame.
- A support zone ranging from 2.44 to 2.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 2.28 to 2.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.17 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.17 to 3.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 88.48 | POSITIVE | ABEV has a high relative strength, it outperformed 88.48% 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) | 67.34 | NEUTRAL | The RSI value for ABEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ABEV has a negative trend. |
| Stochastics (14,3) | 84.18 | OVERBOUGHT | The high Stochastics value suggests ABEV may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEV suggests some volalility. |
| Average Directional Index/ADX (14) | 40.92 | POSITIVE | The high ADX value value for ABEV suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.25 | 2.99 | 0.26 (8.00%) | 12.50% |
| An entry @3.25. This is a Buy Stop order right above the resistance zone. | An exit @2.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.26 points, which is 8.00%. | When investing 12.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.16
-0.03 (-0.94%)
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 67.339. This indicates that the stock is currently neutral.
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.