AMBEV SA-ADR (ABEV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABEV - US02319V1035 - ADR
We assign a technical rating of 10 out of 10 to ABEV. 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.
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 2.54. 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.
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2.13
We found 4 important support areas.
- A support zone ranging from 2.51 to 2.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.42 to 2.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 2.28 to 2.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.15 to 2.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.54 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 | UP | POSITIVE | The short term trend for ABEV is up. |
| ChartMill Relative Strength | 82.28 | POSITIVE | ABEV has a high relative strength, it outperformed 82.28% 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) | 65.38 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 61.74 | NEUTRAL | The Stochastics value for ABEV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEV suggests some volalility. |
| Average Directional Index/ADX (14) | 32.9 | 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 |
|---|---|---|---|
| 2.57 | 2.50 | 0.07 (2.72%) | 25.00% |
| An entry @2.57. This is a Buy Stop order right above the resistance zone. | An exit @2.50. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.07 points, which is 2.72%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.68%. |
- The distance between exit and entry is rather small compared to the average daily movement of ABEV. Please evaluate whether better entry and exit points can be found.
- 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.
2.54
+0.03 (+1.2%)
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.
What is the trend direction for ABEV stock?
The current trend direction for AMBEV SA-ADR (ABEV) is Bullish.
What is the RSI signal for AMBEV SA-ADR (ABEV) stock?
AMBEV SA-ADR (ABEV) has an RSI value of 65.3771. This indicates that the stock is currently neutral.
What is the buy/sell signal for ABEV stock?
The buy/sell signal for AMBEV SA-ADR (ABEV) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for AMBEV SA-ADR?
AMBEV SA-ADR (ABEV) has a support level at 2.51 and a resistance level at 2.54. Check the full technical report for our detailed analysis of ABEV support and resistance levels.