ABI Technical Analysis - ANHEUSER-BUSCH INBEV SA/NV

Technical Rating and Analysis

Overall ABI gets a technical rating of 0 out of 10. ABI'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, ABI is a bad performer in the overall market: 93% of all stocks are doing better.

ABI is part of the Beverages industry. There are 27 other stocks in this industry, of which 80% are performing better than ABI.

ABI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month ABI has a been trading in the 48.87 - 54.64 range, which is quite wide. It is currently trading near the lows of this range.

ABI has an average volume of 1412720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ANHEUSER-BUSCH INBEV SA/NV / ABI Weekly stock chart

ANHEUSER-BUSCH INBEV SA/NV / ABI Daily stock chart

Setup Rating and Analysis

ABI has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

49.54

62.74

We can see 4 important resistance areas.

A resistance zone ranging from 53.78 to 54.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @56.87 from a trend line in the daily time frame.
Resistance @58.50 from a horizontal line in the daily time frame.
Resistance @62.12 from a horizontal line in the weekly 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	DOWN	NEGATIVE	The long term trend for ABI.BR is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ABI.BR is down.
ChartMill Relative Strength	7.71	NEGATIVE	ABI.BR has a low relative strength, it was outperformed by 92.29% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ABI.BR is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ABI.BR is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ABI.BR is below a declining SMA(200).
Relative Strength Index/RSI (14)	34.15	NEUTRAL	The RSI value for ABI.BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.08	NEGATIVE	The MACD value suggests ABI.BR has a negative trend, although the MACD value is rising.
Stochastics (14,3)	15.42	OVERSOLD	The low Stochastics value suggests ABI.BR may be oversold.
Average True Range in percent/ATR (20)	1.47	LOW VOLATILITY	The low ATR as a percentage value for ABI.BR suggests low volalility.
Average Directional Index/ADX (14)	36.95	POSITIVE	The high ADX value value for ABI.BR suggests a strong trend.