The Greedy Trader Weekly Analysis
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Archer-Daniels-Midland (ADM)

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Summary:
Weekly :Oversold industryWilliams' Percentage Range and Lane's Stochastic are oversoldBroken trend support line
Daily :Bearish Downside Tasuki Gap CandlestickWilliams' Percentage Range is oversoldStochastic has raised above the signal lineDaily  MACD line has moved above its signal line
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It was the negative week for the Archer-Daniels-Midland (ADM). During the week, the ADM gave back -0.21 points, or -0.36%, and closed at 58.01 on Friday, July 23, 2021. Weekly volume was -6% below average.

ADM is a member of Agricultural Products Industry. Agricultural Products is the fourth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 (63.23) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ADM may retest the broken support line. It is considered to be a resistance line now. 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 downtrend had started on June 7, 2021 at 69.30 and reached 56.91 on July 19, 2021. ADM lost 12.39 points, or 17.88%, in 6 weeks. The price is now at the 8.88% retracement level.

Weekly Technical Indicators: [See ADM weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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.

The weekly MACD line is below its signal line since June 18, 2021. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See ADM short-term trend chart]
A short-term uptrend had started on July 19, 2021 at 56.91 and reached 58.77 on July 21, 2021. ADM gained -1.86 points, or -3.27%, in 2 days. The price is now at the 40.86% retracement level.

Daily Technical Indicators: [See ADM daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Candlestick pattern: [See ADM candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.31
Williams' Percentage Range (W%R) 86.70
Oversold
Lane's Stochastic (%D-Slow) 24.99
Greed/Fear Indicator (GFI) 24.52
Moving Average Converg./Diverg. (MACD) -1.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.99
Williams' Percentage Range (W%R) 81.70
Oversold
Lane's Stochastic (%D-Slow) 11.86
Oversold
Greed/Fear Indicator (GFI) 24.20
Moving Average Converg./Diverg. (MACD) 3.30
Trading Signals
Description Value Chart
Yearly Trendline Resistance 69.02
50 Day Moving Average 63.28
Yearly Trendline Support 63.23
Upper Bollinger Band 62.02
20 Day Moving Average 59.39
Parabolic System 58.67
Price 58.01
Weekly Stochastic Crossing 57.89
Daily Stochastic Crossing 57.68
Lower Bollinger Band 57.20
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Agricultural Products 4
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 56.91
Low Date 07/19/2021
High 58.77
High Date 07/21/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.91
Low Date 07/19/2021
High 58.77
High Date 07/21/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.91
Low Date 07/19/2021
High 58.77
High Date 07/21/2021
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 69.02
Support 63.23
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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