Trend Table for ABEV - Ambev S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	F	Weak or Absent	Down	Down	Down	-6.62%
May 17	D	Weak or Absent	Down	Up	Up	-9.71%
May 16	F	Weak or Absent	Down	Down	Flat	-8.58%
May 15	F	Weak or Absent	Down	Down	Flat	-8.58%
May 14	F	Weak or Absent	Down	Down	Down	-7.42%
May 13	F	Weak or Absent	Down	Down	Down	-6.22%
May 10	F	Weak or Absent	Down	Down	Down	-5.82%
May 9	F	Weak or Absent	Down	Down	Down	-6.62%
May 8	F	Weak or Absent	Down	Down	Flat	-7.81%
May 7	D	Weak or Absent	Down	Up	Up	-11.18%