AMBEV SA-ADR (ABEV) Technical Analysis
NYSE:ABEV • US02319V1035
Current stock price
ABEV Technical Rating and Analysis
Taking everything into account, ABEV scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month ABEV has a been trading in the 2.70 - 3.23 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that ABEV is one of the better performing stocks in the market, outperforming 80% of all stocks. We also observe that the gains produced by ABEV over the past year are nicely spread over this period.
- ABEV is part of the Beverages industry. There are 34 other stocks in this industry. ABEV outperforms 87% of them.
- ABEV has an average volume of 24175800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- ABEV is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ABEV is lagging the market slightly.
ABEV Weekly and Daily overview Charts
ABEV Setup Rating and Analysis
Although ABEV has an excellent technical rating, the quality of the presented setup is not ideal 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 3 important support areas.
- 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 @2.54 from a trend line in the daily time frame.
- A support zone ranging from 2.28 to 2.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.80 to 2.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.03 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 | DOWN | NEGATIVE | The short term trend for ABEV is down. |
| ChartMill Relative Strength | 80.69 | POSITIVE | ABEV has a high relative strength, it outperformed 80.69% 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) | 40.37 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 17.12 | OVERSOLD | The low Stochastics value suggests ABEV may be oversold. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEV suggests some volalility. |
| Average Directional Index/ADX (14) | 24.57 | NEUTRAL | The ADX value for ABEV suggests a possible start of a new trend. |
ABEV Chart- and CandleStick Pattern Analysis
ABEV Example Setup
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 |
|---|---|---|---|
| 2.85 | 2.69 | 0.16 (5.61%) | 17.81% |
| An entry @2.85. This is a Buy Stop order right above the resistance zone. | An exit @2.69. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.16 points, which is 5.61%. | When investing 17.81% 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.
ABEV Technicals: Chart, Performance Metrics, Trend & Indicators
2.78
-0.02 (-0.71%)
AMBEV SA-ADR / ABEV TA FAQ
What is the ChartMill technical rating of AMBEV SA-ADR (ABEV) stock?
ChartMill assigns a technical rating of 7 / 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 40.3721. 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 negative.
What is the buy/sell signal for AMBEV SA-ADR (ABEV) stock?
The buy/sell signal for AMBEV SA-ADR (ABEV) is hold as the short term and long term trends are mixed.