Ambev SA Stock Forecast
Red day on Wednesday for Ambev SA
(Updated on Apr 17, 2024)
No changes to the price of Ambev SA stock on the last trading day (Wednesday, 17th Apr 2024). During the last trading day the stock fluctuated 1.79% from a day low at $2.24 to a day high of $2.28. The price has fallen in 5 of the last 10 days and is down by -7.76% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.25 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.27% during the next 3 months and, with a 90% probability hold a price between $2.00 and $2.23 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
ABEV Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ambev SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.35 and $2.47. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ambev SA stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0400 (1.79%) between high and low. For the last week, the stock has had daily average volatility of 1.74%.
Ambev SA is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ABEV) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Ambev SA to open at $2.26, and during the day (based on 14 day Average True Range), to move between $2.21 and $2.31, which gives a possible trading interval of +/-$0.0547 (+/-2.42%) up or down from last closing price. If Ambev SA takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $2.45, some $0.190 (8.41%) from the current price of $2.26, our system finds the risk reward not very attractive.
Is Ambev SA stock A Buy?
Ambev SA holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.889 Sell Candidate Unchanged
Predicted Opening Price for Ambev SA of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $2.26 ( 0%) | $2.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABEV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.30 | 1.77 % | |
| R2 | 2.28 | 1.09 % | ||
| R1 | 2.28 | 0.676 % | ||
| Current price: | 2.26 | |||
| Support | S1 | 2.24 | -0.676 % | |
| S2 | 2.24 | -1.09 % | ||
| S3 | 2.22 | -1.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.56 | 13.27 % | |
| R2 | 2.48 | 9.73 % | ||
| R1 | 2.45 | 8.41 % | ||
| Current price | 2.26 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ABEV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 13, 2023 | Dec 22, 2023 | Jan 08, 2024 | $0.147 | 5.28% |
| 2 | Dec 09, 2022 | Dec 20, 2022 | Jan 09, 2023 | $0.146 | 5.37% |
| 3 | Dec 13, 2021 | Dec 20, 2021 | Jan 06, 2022 | $0.108 | 4.15% |
| 4 | Dec 31, 2020 | Jan 14, 2021 | Feb 08, 2021 | $0.0150 | 0.530% |
| 5 | Dec 17, 2020 | Dec 18, 2020 | Jan 11, 2021 | $0.0820 | 2.77% |
FAQ
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