Technical Signs Every Trader Should Know: Ambev S.A. (ABEV), Southwest Airlines Co. (LUV)

Ambev S.A. (NYSE:ABEV) traded at an unexpectedly high level on 10/10/2017 when the stock experienced a 2.59% gain to a closing price of $6.74. The company saw 46.17 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 16.9 million shares a day, this signifies a pretty significant change over the norm.

Ambev S.A. (ABEV) Analyst Gushes

Analysts are speculating a 17.21% move, based on the high target price ($7.9) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $6.64 price target, but the stock is already up 45.33% from its recent lows. However, the stock is trading at -1.75% versus recent highs ($6.86). Analysts believe that we could see stock price minimum in the $4.78 range (lowest target price), allowing for another -29.08% drop from its current position. Leading up to this report, we have seen a 4.01% rise in the stock price over the last 30 days and a 16.61% increase over the past 3 months. Overall, the share price is up 37.27% so far this year. ABEV

Ambev S.A. (ABEV) Price Potential

Heading into the stock price potential, Ambev S.A. by far traveled -1.34% after crossing its median price target of $6.65. In order to determine directional movement, the 50-day and 200-day moving averages for Ambev S.A. (NYSE:ABEV) are $6.52 and $5.97. Given that liquidity is king in short-term, ABEV is a stock with 15.71 billion shares outstanding that normally trades 0.5% of its float. The stock price recently experienced a 5-day loss of -0.3% with 0.14 average true range (ATR). ABEV has a beta of 0 and RSI is 58.16.

Southwest Airlines Co. (NYSE:LUV)’s Lead Over its Technicals

On the other hand, Southwest Airlines Co. by far traveled 57.17% versus a 1-year low price of $36.91. The share price was last seen 0.61% higher, reaching at $58.01 on Oct. 10, 2017. This company shares are 13.05% off its target price of $65.58 and the current market capitalization stands at $34.78B. The recent change has given its price a 6.55% lead over SMA 50 and -9.91% deficit over its 52-week high. The stock witnessed 8.23% gains, -6.56% declines and 5.36% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found LUV’s volatility during a week at 2.11% and during a month it has been found around 1.93%.

Southwest Airlines Co. (NYSE:LUV) Intraday Metrics

Southwest Airlines Co. (LUV) exchanged hands at an unexpectedly low level of 5.02 million shares over the course of the day. Noting its average daily volume at 5.64 million shares each day over the month, this signifies a pretty significant change over the norm.

Southwest Airlines Co. Target Levels

The market experts are predicting a 37.91% rally, based on the high target price ($80) for Southwest Airlines Co. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $56 range (lowest target price). If faced, it would be a -3.46% drop from its current position. Overall, the share price is up 16.39% year to date.

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