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Advanced TA SearchArchive
- 1/7/2022 -
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Archer-Daniels-Midland (ADM) |
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| Summary:
| | Weekly : | | Daily :
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| | It was a fifth positive week after 3 consecutive negative weeks for the Archer-Daniels-Midland (ADM). During the week, the ADM gained 2.22 points, or 3.28%, and closed at 69.81 on Friday, January 7, 2022. It was the best weekly gain since October 22, 2021. Weekly volume was -6% below average.
ADM is a member of Consumer Staples Sector. Consumer Staples is the most overbought 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 uptrend had started on March 23, 2020 at 28.92 and reached 69.86 on January 7, 2022. ADM gained -40.94 points, or -141.56%, in 93 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (64.98) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a long-term trend.
 Medium-term trend: [See ADM medium-term trend chart]
A medium-term uptrend had started on July 19, 2021 at 56.91 and reached 69.86 on January 7, 2022. ADM gained -12.95 points, or -22.76%, in 24 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (63.50) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See ADM weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish 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 weekly 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 23, 2021. 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 December 20, 2021 at 63.04 and reached 69.86 on January 7, 2022. ADM gained -6.82 points, or -10.82%, in 18 days. Price is near the trend high.
 Daily Technical Indicators: [See ADM daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.
The daily MACD line is above its signal line since December 13, 2021. This is an indication that the short-term trend is up.
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