ARCHER-DANIELS-MIDLAND CO. - 1H - Technical analysis published on 08/08/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 81.39 USD
My targets
83.86 USD (+1.37%)
88.03 USD (+6.41%)
My analysis
ARCHER-DANIELS-MIDLAND CO. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 81.39 USD. The next resistance located at 83.86 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 88.03 USD. After this resistance, buyers could then target 90.82 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ARCHER-DANIELS-MIDLAND CO. rating 82.73 USD. The price registered a decrease of -0.04% on the session and was traded between 82.25 USD and 83.34 USD over the period. The price is currently at +0.58% from its lowest and -0.73% from its highest.82.25
83.34
82.73
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ARCHER-DANIELS-MIDLAND CO. chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 73.93 | 77.60 | 81.39 | 82.73 | 83.86 | 90.82 | 97.76 |
| Change (%) | -10.64% | -6.20% | -1.62% | - | +1.37% | +9.78% | +18.17% |
| Change | -8.80 | -5.13 | -1.34 | - | +1.13 | +8.09 | +15.03 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.24 | 80.36 | 81.56 | 82.68 | 83.88 | 85.00 | 86.20 |
| Camarilla | 82.12 | 82.34 | 82.55 | 82.76 | 82.97 | 83.19 | 83.40 |
| Woodie | 79.28 | 80.38 | 81.60 | 82.70 | 83.92 | 85.02 | 86.24 |
| Fibonacci | 80.36 | 81.25 | 81.79 | 82.68 | 83.57 | 84.11 | 85.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.71 | 79.55 | 81.15 | 82.99 | 84.59 | 86.43 | 88.03 |
| Camarilla | 81.81 | 82.13 | 82.45 | 82.76 | 83.08 | 83.39 | 83.71 |
| Woodie | 77.60 | 79.49 | 81.04 | 82.93 | 84.48 | 86.37 | 87.92 |
| Fibonacci | 79.55 | 80.86 | 81.67 | 82.99 | 84.30 | 85.11 | 86.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.43 | 65.72 | 74.25 | 78.54 | 87.07 | 91.36 | 99.89 |
| Camarilla | 79.25 | 80.42 | 81.60 | 82.77 | 83.95 | 85.12 | 86.30 |
| Woodie | 63.54 | 66.78 | 76.36 | 79.60 | 89.18 | 92.42 | 102.00 |
| Fibonacci | 65.72 | 70.62 | 73.65 | 78.54 | 83.44 | 86.47 | 91.36 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.94 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 3.35 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 82.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 83.46 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 83.71 | |
| Zig ZAG (10): | 82.50 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 47.19 | |
| TEMA (21): | 82.44 | |
| Williams %R (14): | -52.81 | |
| Chande Momentum Oscillator (20): | 0.54 | |
| Repulse (5,40,3): | -0.2900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.80 |
| MA7: | 82.79 | |
| MA20: | 77.59 | |
| MA50: | 79.51 | |
| MA100: | 84.51 | |
| MAexp7: | 82.60 | |
| MAexp20: | 82.51 | |
| MAexp50: | 81.76 | |
| MAexp100: | 80.02 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +6.62% | |
| Price / MA50: | +4.05% | |
| Price / MA100: | -2.11% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +1.19% | |
| Price / MAexp100: | +3.39% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on ARCHER-DANIELS-MIDLAND CO. at the time of the analysis were as follows:
- On World Food Day, ADM Announces Partnership with Concern Worldwide to Fight Hunger in Ethiopia, Kenya
- ADM to Release Third Quarter Financial Results Oct. 31, 2019
- ADM Animal Nutrition Recalls MoorMan’s® ShowTec® Lamb Creep DC
- ADM Milling Statement Regarding Flour Recall
- ADM Joins Forces with LG Chem to Develop Sustainable Technology for Superabsorbent Polymers Used in Diapers
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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