|
Advanced TA SearchArchive - 5/10/2024 - Sign In to see current Signals. |
Archer-Daniels-Midland (ADM) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Archer-Daniels-Midland (ADM). During the week, the ADM gained 3.81 points, or 6.44%, and closed at 62.98 on Friday, May 10, 2024. It was the best weekly gain since March 15, 2024. ADM was trading at average weekly trading volume. Long-term trend: [See ADM long-term trend chart] A long-term uptrend had started on March 23, 2020 at 28.92 and reached 98.88 on April 21, 2022. ADM gained -69.96 points, or -241.91%, in 108 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (104.47) 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 January 25, 2024 at 50.72 and reached 64.09 on April 9, 2024. ADM gained -13.37 points, or -26.36%, in 10 weeks. The price is now at the 8.30% retracement level. Weekly Technical Indicators: [See ADM weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since March 22, 2024. This is an indication that the medium-term trend is up. 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 April 9, 2024 at 64.09 and reached 57.36 on April 30, 2024. ADM lost 6.73 points, or 10.50%, in 21 days. The chart has formed a Broadening Descending Wedge chart pattern. Daily Technical Indicators: [See ADM daily technical indicators chart] Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 moved above 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. During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.
| |
|
|