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Advanced TA SearchArchive
- 4/5/2024 -
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Archer-Daniels-Midland (ADM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a sixth consecutive positive week for the Archer-Daniels-Midland (ADM). During the week, the ADM gained 0.65 points, or 1.03%, and closed at 63.46 on Friday, April 5, 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 (102.68) 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 63.68 on April 4, 2024. ADM gained -12.96 points, or -25.55%, in 10 weeks. Price is near the trend high.
 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. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 February 7, 2024 at 52.28 and reached 63.68 on April 4, 2024. ADM gained -11.40 points, or -21.81%, in 57 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See ADM daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since February 7, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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