Meanwhile, UBS downgraded its Ambev S.A. ADR [ABEV] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early April from “an Equal-weight” to “an Underweight”. BofA Securities also remained covering ABEV and has decreased its forecast on January 17, 2025 with a “Neutral” recommendation from previously “Buy” rating. Barclays revised its rating on March 04, 2024. It rated ABEV as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of ABEV
On Tuesday, Ambev S.A. ADR [NYSE:ABEV] saw its stock jump 1.25% to $2.43. Over the last five days, the stock has gained 6.11%. Ambev S.A. ADR shares have risen nearly 31.35% since the year began. Nevertheless, the stocks have risen 8.67% over the past one year. While a 52-week high of $2.51 was reached on 04/03/25, a 52-week low of $1.76 was recorded on 01/03/25. SMA at 50 days reached $2.18, while 200 days put it at $2.17.
Levels Of Support And Resistance For ABEV Stock
The 24-hour chart illustrates a support level at 2.38, which if violated will result in even more drops to 2.33. On the upside, there is a resistance level at 2.47. A further resistance level may holdings at 2.51. The Relative Strength Index (RSI) on the 14-day chart is 63.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.12%. Stochastics %K at 81.82% indicates the stock is a selling.
How much short interest is there in Ambev S.A. ADR?
A steep rise in short interest was recorded in Ambev S.A. ADR stocks on 2025-03-31, dropping by -8.07 million shares to a total of 31.73 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 39.8 million shares. There was a decline of -25.44%, which implies that there is a negative sentiment for the stock.
