|
|
S&P 500 Oversold StocksArchive
- 3/17/2023 -
Sign In to see current Signals. |
Archer-Daniels-Midland (ADM) |
 |
| 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 -2.40 points, or -3.13%, and closed at 74.26 on Friday, March 17, 2023. Weekly volume was 6% above average.
ADM is a member of Agricultural Products Industry. Agricultural Products is the 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 98.88 on April 21, 2022. ADM gained -69.96 points, or -241.91%, in 108 weeks. The price is now at the 35.19% retracement level.
 Medium-term trend: [See ADM medium-term trend chart]
A medium-term downtrend had started on November 4, 2022 at 98.28 and reached 73.98 on March 17, 2023. ADM lost 24.30 points, or 24.73%, in 19 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend support (72.74) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See ADM weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Williams' Percentage Range or strongly oversold weekly 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since December 30, 2022. This is an indication that the medium-term trend is down. 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 January 17, 2023 at 89.32 and reached 73.98 on March 17, 2023. ADM lost 15.34 points, or 17.17%, in 59 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend support (74.03) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.
 Daily Technical Indicators: [See ADM daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since March 8, 2023. This is an indication that the short-term trend is down.
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.
| |
|
|