Trend Table for ABEV - Ambev S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 27	C	Strong	Up	Up	Up	-22.54%
Dec 26	C	Strong	Up	Up	Up	-22.26%
Dec 22	C	Strong	Up	Up	Up	-21.71%
Dec 21	C	Strong	Up	Up	Flat	-20.65%
Dec 20	C	Strong	Up	Up	Flat	-20.11%
Dec 19	C	Strong	Up	Up	Up	-22.25%
Dec 18	C	Strong	Up	Up	Up	-21.46%
Dec 15	C	Strong	Up	Up	Flat	-19.56%
Dec 14	C	Strong	Up	Up	Up	-20.38%
Dec 13	C	Strong	Up	Up	Up	-21.73%