ABEV Technical Analysis - AMBEV SA-ADR

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to ABEV. ABEV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

75% of all other stocks performed better in the past year than ABEV.

In the last month ABEV has a been trading in the 2.10 - 2.33 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

ABEV has an average volume of 37896900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

ABEV is part of the Beverages industry. There are 32 other stocks in this industry, ABEV did better than 48% of them.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

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 a support zone below the current price at 2.15, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.08

2.57

2 important support areas can be observed.

Support @2.15 from a horizontal line in the daily time frame.
A support zone ranging from 2.10 to 2.10. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 2.23 to 2.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 2.37 to 2.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.54 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for ABEV is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ABEV is neutral.
ChartMill Relative Strength	25.36	NEGATIVE	ABEV has a low relative strength, it was outperformed by 74.64% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of ABEV is above 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)	UP	MIXED	The current price of ABEV is below the rising SMA(200).
Relative Strength Index/RSI (14)	48.89	NEUTRAL	The RSI value for ABEV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests ABEV has a positive trend, although the MACD value is declining.
Stochastics (14,3)	57.89	NEUTRAL	The Stochastics value for ABEV is a neutral value.
Average True Range in percent/ATR (20)	2.36	MEDIUM VOLATILITY	The ATR as a percentage value for ABEV suggests some volalility.
Average Directional Index/ADX (14)	12.56	NEGATIVE	The low ADX value for ABEV suggests a weak or negative trend.