When Archer-daniels Midland ($ADM) Moves Investors should Listen
October 04, 2023, 00:00 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ADM
- Buy ADM slightly over 68.74 target 75.18 stop loss @ 68.54 Details
The technical summary data tells us to buy ADM near 68.74 with an upside target of 75.18. This data also tells us to set a stop loss @ 68.54 to protect against excessive loss in case the stock begins to move against the trade. 68.74 is the first level of support below 73.81 , and by rule, any test of support is a buy signal. In this case, support 68.74 would be being tested, so a buy signal would exist.
- Short ADM slightly under 75.18, target 68.74, stop loss @ 75.4 Details
The technical summary data is suggesting a short of ADM as it gets near 75.18 with a downside target of 68.74. We should have a stop loss in place at 75.4though. 75.18 is the first level of resistance above 73.81, and by rule, any test of resistance is a short signal. In this case, if resistance 75.18 is being tested, so a short signal would exist.
Swing Trading Plans for ADM
- Buy ADM slightly over 74.59, target 75.18, Stop Loss @ 74.37 Details
If 74.59 begins to break higher, the technical summary data tells us to buy ADM just slightly over 74.59, with an upside target of 75.18. The data also tells us to set a stop loss @ 74.37 in case the stock turns against the trade. 74.59 is the first level of resistance above 73.81, and by rule, any break above resistance is a buy signal. In this case, 74.59, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ADM slightly near 74.59, target 73.09, Stop Loss @ 74.81. Details
The technical summary data is suggesting a short of ADM if it tests 74.59 with a downside target of 73.09. We should have a stop loss in place at 74.81 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 74.59, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ADM
- Buy ADM slightly over 74.26, target 74.59, Stop Loss @ 74.09 Details
If 74.26 begins to break higher, the technical summary data tells us to buy ADM just slightly over 74.26, with an upside target of 74.59. The data also tells us to set a stop loss @ 74.09 in case the stock turns against the trade. 74.26 is the first level of resistance above 73.81, and by rule, any break above resistance is a buy signal. In this case, 74.26, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ADM slightly near 74.26, target 73.09, Stop Loss @ 74.43. Details
The technical summary data is suggesting a short of ADM if it tests 74.26 with a downside target of 73.09. We should have a stop loss in place at 74.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 74.26, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Archer-daniels Midland (ADM) available here: ADM.
ADM Ratings for October 04:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
68.74 |
| P2 |
73.05 |
73.09 |
75.18 |
| P3 |
74.26 |
74.59 |
81.63 |
AI Generated Signals for ADM
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Archer-daniels Midland (NYSE: ADM) report below is a real world example. Included are trading plans for ADM, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ADM:
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