Trend Table for ABEV - Ambev S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 26	F	Weak or Absent	Down	Down	Flat	-18.66%
Jan 25	F	Weak or Absent	Down	Down	Down	-18.35%
Jan 24	F	Weak or Absent	Down	Down	Down	-17.42%
Jan 23	D	Weak or Absent	Down	Down	Down	-18.35%
Jan 22	D	Weak or Absent	Down	Down	Down	-17.74%
Jan 19	D	Weak or Absent	Flat	Flat	Down	-19.26%
Jan 18	D	Weak or Absent	Flat	Flat	Down	-19.26%
Jan 17	D	Weak or Absent	Down	Down	Down	-18.96%
Jan 16	D	Weak or Absent	Down	Flat	Down	-18.96%
Jan 12	C	Weak or Absent	Up	Up	Flat	-21.30%