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ARCHER-DANIELS-MIDLAND CO is setting up nicely for a breakout.

By Mill Chart

Last update: Nov 25, 2022

A possible breakout setup was detected on ARCHER-DANIELS-MIDLAND CO (NYSE:ADM) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NYSE:ADM.

ADM Daily chart on 2022-11-25

Technical Analysis Observations

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

Taking everything into account, ADM scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ADM has proven to be a steady performer, scoring decent points in every aspect analyzed.

  • The long and short term trends are both positive. This is looking good!
  • Looking at the yearly performance, ADM did better than 96% of all other stocks. On top of that, ADM also shows a nice and consistent pattern of rising prices.
  • ADM is one of the better performing stocks in the Food Products industry, it outperforms 96% of 101 stocks in the same industry.
  • ADM is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
  • In the last month ADM has a been trading in the 91.74 - 98.28 range, which is quite wide. It is currently trading near the high of this range.

Why is NYSE:ADM a setup?

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:ADM scores a 9 out of 10:

Besides having an excellent technical rating, ADM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 96.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 93.07, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Trading setups like NYSE:ADM

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

Of course, there are many ways to trade or not trade NYSE:ADM and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.

Our Breakout analyzer lists more breakout setups and is updated daily.

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ARCHER-DANIELS-MIDLAND CO

NYSE:ADM (3/27/2024, 8:04:00 PM)

Premarket: 62.99 0 (0%)

62.99

+1.17 (+1.89%)

ADM News

News Image3 hours ago - ChartmillWhy NYSE:ADM provides a good dividend, while having solid fundamentals.

Why ARCHER-DANIELS-MIDLAND CO (NYSE:ADM) provides a good dividend, while having solid fundamentals.

News Imagea day ago - Shareholders Foundation, Inc.Lawsuit Notice: Investors who lost money with Archer-Daniels-Midland Company (NYSE: ADM) shares should contact the Shareholders Foundation

/PRNewswire/ -- The Shareholders Foundation, Inc. announced that a lawsuit is pending for certain investors in Archer-Daniels-Midland Company (NYSE: ADM)...

News Image2 days ago - Market News VideoFair Isaac Takes Over #265 Spot From Archer Daniels Midland
News Image3 days ago - TheNewswire.comADM DEADLINE TODAY: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Archer-Daniels-Midland Company Investors with Losses in Excess of $100K to Secure Counsel Before Important March 25 Deadline in Securities Class Action - ADM

WHY: NEW YORK, NY - (NewMediaWire) - March 25, 2024 - Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Archer-Daniels-Midland Company (NYSE: ADM) between April 30, 2020 and January 22, 2024, both dates inclusive (the “Class Period”), of the important March 25, 2024 lead plaintiff deadline.

News Image3 days ago - NewMediaWireADM DEADLINE TODAY: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Archer-Daniels-Midland Company Investors with Losses in Excess of $100K to Secure Counsel Before Important March 25 Deadline in Securities Class Action - ADM

Search for the latest press releases from publicly traded companies, private corporations, non-profits and other public sector organizations.

News Image4 days ago - TheNewswire.comADM DEADLINE TOMORROW: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Archer-Daniels-Midland Company Investors with Losses in Excess of $100K to Secure Counsel Before Important March 25 Deadline in Securities Class Action - ADM

WHY: NEW YORK, NY - (NewMediaWire) - March 24, 2024 - Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Archer-Daniels-Midland Company (NYSE: ADM) between April 30, 2020 and January 22, 2024, both dates inclusive (the “Class Period”), of the important March 25, 2024 lead plaintiff deadline.

News Image4 days ago - NewMediaWireADM DEADLINE TOMORROW: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Archer-Daniels-Midland Company Investors with Losses in Excess of $100K to Secure Counsel Before Important March 25 Deadline in Securities Class Action - ADM

Search for the latest press releases from publicly traded companies, private corporations, non-profits and other public sector organizations.

News Image5 days ago - NewMediaWireADM DEADLINE MONDAY: ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages Archer-Daniels-Midland Company Investors with Losses in Excess of $100K to Secure Counsel Before Important March 25 Deadline in Securities Class Action - ADM

Search for the latest press releases from publicly traded companies, private corporations, non-profits and other public sector organizations.

News Image5 days ago - TheNewswire.comADM DEADLINE MONDAY: ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages Archer-Daniels-Midland Company Investors with Losses in Excess of $100K to Secure Counsel Before Important March 25 Deadline in Securities Class Action - ADM

WHY: NEW YORK, NY - (NewMediaWire) - March 23, 2024 - Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Archer-Daniels-Midland Company (NYSE: ADM) between April 30, 2020 and January 22, 2024, both dates inclusive (the “Class Period”), of the important March 25, 2024 lead plaintiff deadline.

News Image6 days ago - Bragar Eagel & SquireADM DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Archer-Daniels-Midland Company and Encourages Investors to Contact the Firm
News Image6 days ago - Kahn Swick & Foti, LLCARCHER-DANIELS-MIDLAND 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Archer-Daniels-Midland Company - ADM
News Image6 days ago - TheNewswire.comADM FINAL DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Archer-Daniels-Midland Company Investors with Losses in Excess of $100K to Secure Counsel Before Important March 25 Deadline in Securities Class Action - ADM

WHY: NEW YORK, NY - (NewMediaWire) - March 22, 2024 - Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Archer-Daniels-Midland Company (NYSE: ADM) between April 30, 2020 and January 22, 2024, both dates inclusive (the “Class Period”), of the important March 25, 2024 lead plaintiff deadline.

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