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	-6.41%
May 17	D	Weak or Absent	Down	Up	Up	-9.50%
May 16	F	Weak or Absent	Down	Down	Flat	-8.37%
May 15	F	Weak or Absent	Down	Down	Flat	-8.37%
May 14	F	Weak or Absent	Down	Down	Down	-7.20%
May 13	F	Weak or Absent	Down	Down	Down	-6.01%
May 10	F	Weak or Absent	Down	Down	Down	-5.60%
May 9	F	Weak or Absent	Down	Down	Down	-6.41%
May 8	F	Weak or Absent	Down	Down	Flat	-7.59%
May 7	D	Weak or Absent	Down	Up	Up	-10.98%