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Agricultural Products Industry Stocks Technical Analysis - ADMArchive
- 11/8/2024 -
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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 -2.51 points, or -4.59%, and closed at 52.13 on Friday, November 8, 2024. It was the worst weekly loss since August 2, 2024. Weekly volume was 25% above average.
ADM is a member of Consumer Staples Sector. Consumer Staples is the most oversold sector. 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 downtrend had started on July 18, 2024 at 66.08 and reached 48.92 on November 5, 2024. ADM lost 17.16 points, or 25.97%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (60.69) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See ADM medium-term trend chart]
A medium-term downtrend had started on September 19, 2024 at 62.61 and reached 48.92 on November 5, 2024. ADM lost 13.69 points, or 21.87%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (53.68) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a medium-term trend.
 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. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 and Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 4, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 October 29, 2024 at 57.76 and reached 48.92 on November 5, 2024. ADM lost 8.84 points, or 15.30%, in 7 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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 October 29, 2024. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Staples |
1 |
| Industry |
Agricultural Products |
4 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
57.76 |
| High Date |
10/29/2024 |
| Low |
48.92 |
| Low Date |
11/05/2024 |
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| Weekly Trend |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
57.76 |
| High Date |
10/29/2024 |
| Low |
48.92 |
| Low Date |
11/05/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Support |
| Resistance |
56.39 |
| Support |
53.68 |
| High |
62.61 |
| High Date |
09/19/2024 |
| Low |
48.92 |
| Low Date |
11/05/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Support |
| Resistance |
58.77 |
| Support |
60.69 |
| High |
66.08 |
| High Date |
07/18/2024 |
| Low |
48.92 |
| Low Date |
11/05/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
98.88 |
| High Date |
04/21/2022 |
| Low |
48.92 |
| Low Date |
11/05/2024 |
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