Ambev S.A. Technical Analysis (NYSE:ABEV)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Ambev S.A. stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ABEV stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Ambev S.A.. The technical analysis form of Ambev S.A. stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Ambev S.A. Moving Average:
ABEV stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Ambev S.A. chart patterns after the calculations remain the same. The 100 day moving average of 5.94 is below the last closing price of 6.77. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $6.43 is below the price of $6.77.
Ambev S.A. Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ABEV stock. Ambev S.A. bollinger bands show that the stock price is $6.77, upper band is 1.99, lower band is 1.83, and the average is 1.91.
Ambev S.A. Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Ambev S.A. MACD indicator can be used to identify bullish and bearish trends for the stock.
Ambev S.A. Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of ABEV stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .