Ambev: weekly MACD turns bearish
Ambev falls 2.9% this week as the weekly MACD signal turns bearish
Ambev: weekly MACD turns bearish
Our view last week
Ambev is in week 8 of a buy signal: the first price reference has already been hit, but the trade is oscillating roughly at break-even. Signal strength has slipped to 42 out of 100, with a weekly bullish structure that is losing some shine. It ranks 5th among the 6 open buys in rest-of-world stocks, with earnings due in three-four weeks.
This week's summary
In this week's technical analysis on Ambev the picture gets trickier: the week shed 2.9%, the weekly MACD has just crossed bearish, and daily money flow has turned negative, with sellers dominating the tape. Ambev shares stay boxed between a nearby resistance and support, in the 15.84 and 15.68 areas. The buy signal, in its ninth week, is showing signs of fatigue.
Open BUY
·9th week from start
·Rest of the World stocks
·T1
·📅 Earnings · Jul 30
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IQS Phase
42
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#5 / 8
Rest of the World stocks in progress
Trade P&L %
-3.06%
from signal to today
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