Where Will Ambev SA (ABEV) Stock Go Next After It Is Higher By 2.00% in a Week?

The market has been high on Ambev SA (ABEV) stock recently. ABEV gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Ambev SA has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ABEV!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With ABEV Stock Today?

Ambev SA (ABEV) stock is trading at $2.55 as of 1:18 PM on Monday, Mar 11, a loss of -$0.01, or -0.59% from the previous closing price of $2.56. The stock has traded between $2.53 and $2.58 so far today. Volume today is light. So far 2,657,665 shares have traded compared to average volume of 13,159,143 shares.

More About Ambev SA

Ambev is the largest brewer in Latin America by volume and the fourth- largest beer producer in the world. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries. It also owns Argentina's largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil's two largest beverage companies, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving Interbrew (now Anheuser-Busch InBev) a controlling interest. Click Here to get the full Stock Report for Ambev SA stock.