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Archive
- 4/26/2024 -
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Archer-Daniels-Midland (ADM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Archer-Daniels-Midland (ADM). During the week, the ADM dropped -2.50 points, or -3.99%, and closed at 60.10 on Friday, April 26, 2024. It was the worst weekly loss since February 9, 2024. Weekly volume was -17% 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 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 (103.75) 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 chart has formed a Rising Channel chart pattern. The uptrend support line (61.23) 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 medium-term trend.
 Weekly Technical Indicators: [See ADM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 link to access Lane's Stochastic help.
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 59.88 on April 16, 2024. ADM lost 4.21 points, or 6.57%, in 7 days. The price is now at the 5.23% 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 April 10, 2024. 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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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