ARCHER-DANIELS-MIDLAND CO.

150.12 USD (+0.25%)

04/02/2025 - 17:34 Open 15 min delayed data - NYSE Stocks

Open:	149.75
Change:	+0.37
Volume:	112,438

Low:	149.10
High:	150.26
High / Low range:	1.16

Type:	Stocks
Ticker:	ADM
ISIN:

ARCHER-DANIELS-MIDLAND CO. - Daily - Technical analysis published on 01/30/2023 (GMT)

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01/30/2023 - 17:47
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Londinia

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Timeframe : Daily
- Analysis generated on 01/30/2023 - 17:47
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 84.25 USD

My targets

80.11 USD (-2.71%)

76.91 USD (-6.59%)

My analysis

The bearish trend is currently very strong for ARCHER-DANIELS-MIDLAND CO.. As long as the price remains below the resistance at 84.25 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 80.11 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 76.91 USD as an objective. Crossing it would then enable sellers to target 71.06 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by AleksanderTheGreat. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ARCHER-DANIELS-MIDLAND CO. price is 82.34 USD. On the day, this instrument lost -1.54% with the lowest point at 82.12 USD and the highest point at 83.33 USD. The deviation from the price is +0.27% for the low point and -1.19% for the high point.

82.12

83.33

82.34

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ARCHER-DANIELS-MIDLAND CO. indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Support of channel is broken

Type : Bearish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	71.06	76.91	80.11	82.34	84.25	88.44	90.83
Change (%)	-13.70%	-6.59%	-2.71%	-	+2.32%	+7.41%	+10.31%
Change	-11.28	-5.43	-2.23	-	+1.91	+6.10	+8.49
Level	Major	Minor	Intermediate	-	Major	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	80.43	81.88	82.76	84.21	85.09	86.54	87.42
Camarilla	82.99	83.20	83.42	83.63	83.84	84.06	84.27
Woodie	80.14	81.74	82.47	84.07	84.80	86.40	87.13
Fibonacci	81.88	82.77	83.32	84.21	85.10	85.65	86.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.76	80.78	82.21	84.23	85.66	87.68	89.11
Camarilla	82.68	83.00	83.31	83.63	83.95	84.26	84.58
Woodie	78.46	80.63	81.91	84.08	85.36	87.53	88.81
Fibonacci	80.78	82.10	82.92	84.23	85.55	86.37	87.68

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	81.10	85.47	89.16	93.53	97.22	101.59	105.28
Camarilla	90.63	91.37	92.11	92.85	93.59	94.33	95.07
Woodie	80.76	85.30	88.82	93.36	96.88	101.42	104.94
Fibonacci	85.47	88.55	90.45	93.53	96.61	98.51	101.59

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	31.83
MACD (12,26,9):	-2.0100
Directional Movement:	-19.39
AROON (14):	-64.29
DEMA (21):	83.86
Parabolic SAR (0,02-0,02-0,2):	86.83
Elder Ray (13):	-2.66
Super Trend (3,10):	88.97
Zig ZAG (10):	82.40
VORTEX (21):	0.7200
Stochastique (14,3,5):	15.96
TEMA (21):	82.97
Williams %R (14):	-96.81
Chande Momentum Oscillator (20):	-4.33
Repulse (5,40,3):	-2.4200
ROCnROLL:	2
TRIX (15,9):	-0.3100
Courbe Coppock:	6.71

MA7:	84.47
MA20:	86.14
MA50:	90.85
MA100:	89.61
MAexp7:	84.35
MAexp20:	86.45
MAexp50:	88.81
MAexp100:	88.67
Price / MA7:	-2.52%
Price / MA20:	-4.41%
Price / MA50:	-9.37%
Price / MA100:	-8.11%
Price / MAexp7:	-2.38%
Price / MAexp20:	-4.75%
Price / MAexp50:	-7.29%
Price / MAexp100:	-7.14%

Quotes : 01/30/2023 - 17:31 - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on ARCHER-DANIELS-MIDLAND CO.. At the time of publication of this analysis, the latest news was as follows:

10/16/2019 - 14:23 On World Food Day, ADM Announces Partnership with Concern Worldwide to Fight Hunger in Ethiopia, Kenya
10/10/2019 - 14:00 ADM to Release Third Quarter Financial Results Oct. 31, 2019
10/04/2019 - 20:42 ADM Animal Nutrition Recalls MoorMan’s® ShowTec® Lamb Creep DC
10/03/2019 - 18:51 ADM Milling Statement Regarding Flour Recall
09/25/2019 - 14:00 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.

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