April 25, 2016

ABEV: Ambev technical analysis charts

On Friday, compared to Thursday, price action opened lower (5.28, vs Thursday's

close of 5.39), saw a lower high (5.40, vs Thursday's high of 5.45) and lower low

(5.27, vs Thursday's low of 5.31); and closed lower (5.33, vs Thursday's close of

5.39). The day's range was 13 ticks.

On the DAILY BOLLINGER BANDS CHART below, Friday represents the 1st

consecutive entire day above the middle of the Bollinger Band envelope (5.23).

The Bollinger Bands (5.00-5.45) are pointing higher; and widened from a width of

45 ticks on Thursday to a width of 45 ticks on Friday.

The RSI (59.95) below is in neutral mode between the key 20 (oversold) and 80

(overbought) levels.

April 25, 2016

The MACD 12 day moving average is below the MACD 26 day moving average;

both are above zero and rising. The MACD 12 day moving average has just crossed

above the MACD 26 day moving average, generating a positive signal.

The Slow Stochastics, below, generated a negative signal, as the K line crossed

below the D line.

The Commodity Channel Index (85.17), below, is in negative mode below the

overbought 200 level.

On the 20-DAY MOVING AVERAGE ENVELOPE CHART below, price action fell

towards the middle of the 20 day moving average envelope (5.23). The

parameters of the envelope (5.07-5.38) are pointing higher.

April 25, 2016

On the 5 AND 20 DAY MOVING AVERAGES CHART below, the 5 day moving

average (5.34, moving down) is above the 20 day moving average (5.23, moving

up), in positive mode. The 3-50 day strip of moving averages ranges from the 50

day moving average (4.96) at the bottom of the range to the 3 day moving

average (5.37) at the top of the range.

The Parabolic Stop and Reverse (5.13) below is in the 8th day of buy mode.

April 25, 2016

On the WEEKLY BOLLINGER BANDS CHART below, last week represents the 5th

consecutive entire week below the top Bollinger Band (5.52). The Bollinger Bands

(3.92-5.52) are diverging; expanding from a width of 151 ticks on Thursday to a

width of 160 ticks on Friday.