|
|
S&P 500 Oversold StocksArchive
- 9/22/2023 -
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 the negative week for the Archer-Daniels-Midland (ADM). During the week, the ADM dropped -2.37 points, or -2.99%, and closed at 76.98 on Friday, September 22, 2023. It was the worst weekly loss since June 23, 2023. Weekly volume was -10% below average.
ADM is a member of Consumer Staples Sector. Consumer Staples is the second most oversold sector. 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 April 21, 2022 at 98.88 and reached 69.92 on June 1, 2023. ADM lost 28.96 points, or 29.29%, in 58 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 69.14 and resistance is at 97.31. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a long-term trend.
 Medium-term trend: [See ADM medium-term trend chart]
A medium-term uptrend had started on June 1, 2023 at 69.92 and reached 87.30 on July 26, 2023. ADM gained -17.38 points, or -24.86%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (78.39) 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 technical indicators are neutral.
The weekly MACD line is above its signal line since June 30, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 September 14, 2023 at 80.97 and reached 76.87 on September 22, 2023. ADM lost 4.10 points, or 5.06%, in 8 days. Price is near the trend low.
Daily Technical Indicators: [See ADM daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
| |
|
|