AMBEV SA-ADR (ABEV) Stock Technical Analysis
NYSE:ABEV • US02319V1035
Overall ABEV gets a technical rating of 10 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ABEV is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by ABEV over the past year are nicely spread over this period.
- ABEV is one of the better performing stocks in the Beverages industry, it outperforms 96% of 33 stocks in the same industry.
- 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 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- ABEV has an average volume of 27361900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, ABEV also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
2.15
We found 4 important support areas.
- A support zone ranging from 2.66 to 2.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.44 to 2.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 2.27 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.
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 | 89.48 | POSITIVE | ABEV has a high relative strength, it outperformed 89.48% 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) | 68.19 | NEUTRAL | The RSI value for ABEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ABEV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.9 | NEUTRAL | The Stochastics value for ABEV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEV suggests some volalility. |
| Average Directional Index/ADX (14) | 39.05 | 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 |
|---|---|---|---|
| 3.24 | 2.87 | 0.37 (11.34%) | 8.82% |
| An entry @3.24. This is a Buy Stop order right above the 10 day high. | An exit @2.87. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.37 points, which is 11.34%. | For a 1.00% total portfolio risk, you can invest 8.82% of your capital in this trade. |
- 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.
3.07
-0.01 (-0.32%)
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 68.1908. 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.