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 1 out of 10. ABEV has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month ABEV has a been trading in the 2.29 - 2.51 range, which is quite wide. It is currently trading near the lows of this range.
ABEV has an average volume of 30341200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, ABEV outperforms 42% of them, which is more or less in line with the market.
ABEV is an average performer in the Beverages industry, it outperforms 64% of 32 stocks in the same industry.
ABEV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABEV is lagging the market.
ABEV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2.29, a Stop Loss order could be placed below this zone.
More info and screens
2.27
2.59
We found 1 important support area.
- A support zone ranging from 2.29 to 2.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @2.32 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.37 to 2.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.42 to 2.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.49 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 | NEUTRAL | NEUTRAL | The long term trend for ABEV is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABEV is down. |
| ChartMill Relative Strength | 42.98 | 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) | DOWN | NEGATIVE | The current price of ABEV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ABEV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.69 | 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. |
| Stochastics (14,3) | 15.56 | OVERSOLD | The low Stochastics value suggests ABEV may be oversold. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEV suggests some volalility. |
| Average Directional Index/ADX (14) | 11.47 | 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)
2.3
-0.04 (-1.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg-1.71%
1 Week-5.35%
2 Weeks-4.96%
1 Month-4.96%
3 Month-7.63%
6 Month24.32%
12 Month11.11%
2 Year-26.28%
3 Year-18.44%
5 Year-14.18%
10 Year-59.51%
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%2.52%
ATR Inc-13.58%
Range Today0.06
ADR(20)0.05
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.98
Mansfield-0.6
10 Day High2.44
10 Day Low2.29
20 Day High2.51
20 Day Low2.29
52 Week High2.64
52 Week Low1.76
CS1 End2.29
CR1 Start2.32
Volume & EV
DER(3)2.07%
DER(5)2.96%
Volume42.69M
Volume Incr-31.34%
Vol(5)23.53M
Vol(50)30.34M