AMBEV SA-ADR (ABEV) Stock Technical Analysis
NYSE:ABEV - New York Stock Exchange, Inc. - US02319V1035 - ADR - Currency: USD
Overall ABEV gets a technical rating of 4 out of 10. ABEV has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
ABEV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ABEV is lagging the market slightly.
ABEV has an average volume of 33149600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the performance of all stocks over the past year, ABEV turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
ABEV is an average performer in the Beverages industry, it outperforms 64% of 32 stocks in the same industry.
In the last month ABEV has a been trading in the 2.30 - 2.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, ABEV does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.52. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ABEV in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.29
2.59
When analyzing the support we notice one important area.
- A support zone ranging from 2.31 to 2.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.52 to 2.56. 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 | DOWN | NEGATIVE | The short term trend for ABEV is down. |
| ChartMill Relative Strength | 55.27 | NEUTRAL | ABEV is not amongst the best or worst performers 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) | 47.68 | NEUTRAL | The RSI value for ABEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ABEV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.36 | NEUTRAL | The Stochastics value for ABEV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEV suggests some volalility. |
| Average Directional Index/ADX (14) | 16.29 | NEGATIVE | The low ADX value for ABEV suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.41
+0.05 (+2.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg2.12%
1 Week-0.41%
2 Weeks-1.23%
1 Month-1.23%
3 Month4.33%
6 Month36.16%
12 Month16.43%
2 Year-24.21%
3 Year-3.98%
5 Year-8.71%
10 Year-60.49%
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%2.27%
ATR Inc9.8%
Range Today0.07
ADR(20)0.05
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.27
Mansfield0.09
10 Day High2.48
10 Day Low2.3
20 Day High2.52
20 Day Low2.3
52 Week High2.64
52 Week Low1.76
CS1 End2.35
CR1 Start2.52
Volume & EV
DER(3)8.4%
DER(5)8.92%
Volume48.24M
Volume Incr58.8%
Vol(5)46.34M
Vol(50)33.15M