AMBEV SA-ADR (ABEV) Stock Technical Analysis
NYSE:ABEV - New York Stock Exchange, Inc. - US02319V1035 - ADR - Currency: USD
Taking everything into account, ABEV scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ABEV was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ABEV is a bad performer in the overall market: 85% of all stocks are doing better.
ABEV is part of the Beverages industry. There are 31 other stocks in this industry, of which 66% are performing better than ABEV.
ABEV 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 ABEV has a been trading in the 1.79 - 1.93 range, which is quite wide. It is currently trading near the high of this range.
ABEV has an average volume of 38902800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Considerably lower volume is observed in the last couple of days.
ABEV has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.93. Right above this resistance zone may be a good entry point.
More info and screens
1.75
2.27
2 important support areas can be observed.
- A support zone ranging from 1.86 to 1.91. 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 1.77 to 1.77. 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 1.93 to 1.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.07 to 2.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.25 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.73
Mansfield-1.92
10 Day High1.93
10 Day Low1.82
20 Day High1.93
20 Day Low1.79
52 Week High2.72
52 Week Low1.76
Performance
1 Week2.67%
2 Weeks4.35%
1 Month5.49%
3 Month-12.33%
6 Month-20%
12 Month-25%
2 Year-24.71%
3 Year-34.47%
5 Year-40.19%
10 Year-70.23%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)58.1
LBB1.81
UBB1.93
1.92
+0.01 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg0.52%
1 Week2.67%
2 Weeks4.35%
1 Month5.49%
3 Month-12.33%
6 Month-20%
12 Month-25%
2 Year-24.71%
3 Year-34.47%
5 Year-40.19%
10 Year-70.23%
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%2.14%
ATR Inc-27.08%
Range Today0.03
ADR(20)0.04
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.73
Mansfield-1.92
10 Day High1.93
10 Day Low1.82
20 Day High1.93
20 Day Low1.79
52 Week High2.72
52 Week Low1.76
CS1 End1.91
CR1 Start1.93
Volume & EV
DER(3)-1.62%
DER(5)-2.71%
Volume17.75M
Volume Incr-55.21%
Vol(5)18.45M
Vol(50)38.90M