$ABEV Ambev S.A Stock Robo Analyst June 14 2020 #ABEV

Ambev S.A (ABEV) “On a long-term technical basis, the stock (ABEV) is trading below its 200-day moving average which generally implies it is in a negative trend.

The stock has support at 2.69 and 2.30. If the stock breaks down through support at 2.69 then it will probably continue lower to 2.30. The stock has resistance at 3.02 and at 3.49. If the stock breaks up through resistance at 3.02 then it will probably continue higher to 3.49. The 200-day moving average is at 3.66. This will also act as resistance. The stock is extremely overbought according to the Stochastic Indicator (78.64), and turning down, which suggests a pause or possible pullback, especially if near resistance. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”