Trend Table for ABEV - Ambev S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 1	F	Weak or Absent	Down	Down	Down	6.83%
Jul 31	F	Weak or Absent	Down	Down	Down	6.31%
Jul 30	F	Weak or Absent	Down	Down	Down	4.78%
Jul 29	F	Weak or Absent	Down	Down	Down	3.79%
Jul 26	F	Weak or Absent	Down	Down	Down	3.79%
Jul 25	F	Weak or Absent	Down	Down	Down	4.29%
Jul 24	F	Weak or Absent	Down	Down	Down	4.29%
Jul 23	F	Weak or Absent	Down	Down	Down	3.30%
Jul 22	F	Weak or Absent	Down	Down	Flat	2.82%
Jul 19	F	Weak or Absent	Down	Down	Down	3.79%