The Greedy Trader Weekly Analysis
Sign In Sep 17, 2021
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Archer-Daniels-Midland (ADM)

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :The price has risen above the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the Archer-Daniels-Midland (ADM). During the week, the ADM gave back -0.31 points, or -0.51%, and closed at 59.89 on Friday, September 10, 2021. Weekly volume was -11% below average.

Long-term trend: [See ADM long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 28.92 and reached 69.30 on June 7, 2021. ADM gained -40.38 points, or -139.63%, in 63 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (60.90) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See ADM medium-term trend chart]
A medium-term uptrend had started on July 19, 2021 at 56.91 and reached 62.78 on August 16, 2021. ADM gained -5.87 points, or -10.31%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (59.43) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ADM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since June 18, 2021. Use the following link to access a MACD help.

Short-term trend: [See ADM short-term trend chart]
A short-term downtrend had started on August 16, 2021 at 62.78 and reached 58.44 on September 8, 2021. ADM lost 4.34 points, or 6.91%, in 23 days. The price is now at the 33.41% retracement level.

Daily Technical Indicators: [See ADM daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since August 19, 2021. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.96
Williams' Percentage Range (W%R) 67.50
Lane's Stochastic (%D-Slow) 56.39
Greed/Fear Indicator (GFI) 48.95
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.04
Williams' Percentage Range (W%R) 76.30
Lane's Stochastic (%D-Slow) 47.08
Greed/Fear Indicator (GFI) 38.22
Moving Average Converg./Diverg. (MACD) 1.64 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 67.33
Upper Bollinger Band 61.90
Yearly Trendline Support 60.90
20 Day Moving Average 60.20
Price 59.89
Weekly Stochastic Crossing 59.85
50 Day Moving Average 59.72
Daily Stochastic Crossing 59.57
Monthly Trendline Support 59.43
Monthly Trendline Resistance 58.95
Parabolic System 58.43
Lower Bollinger Band 58.09
Sector and Industry
Description Name Rank
Sector Consumer Staples 3
Industry Agricultural Products 29
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 60.65
High Date 08/30/2021
Low 58.44
Low Date 09/08/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.78
High Date 08/16/2021
Low 58.44
Low Date 09/08/2021
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 58.95
Support 59.43
Low 56.91
Low Date 07/19/2021
High 62.78
High Date 08/16/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 69.30
High Date 06/07/2021
Low 56.91
Low Date 07/19/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 67.33
Support 60.90
Low 28.92
Low Date 03/23/2020
High 69.30
High Date 06/07/2021
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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