Trend Tracker for Archer-daniels Midland ADM

September 22, 2022, 08:30 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The data for Archer-daniels Midland (NYSE: ADM) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ADM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ADM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ADM too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for ADM

• Buy ADM slightly over 80.30 target 90.08 stop loss @ 80.07 Details

The technical summary data tells us to buy ADM near 80.30 with an upside target of 90.08. This data also tells us to set a stop loss @ 80.07 to protect against excessive loss in case the stock begins to move against the trade. 80.30 is the first level of support below 86.99 , and by rule, any test of support is a buy signal. In this case, support 80.30 would be being tested, so a buy signal would exist.

• Short ADM slightly under 90.08, target 80.30, stop loss @ 90.34 Details

The technical summary data is suggesting a short of ADM as it gets near 90.08 with a downside target of 80.30. We should have a stop loss in place at 90.34though. 90.08 is the first level of resistance above 86.99, and by rule, any test of resistance is a short signal. In this case, if resistance 90.08 is being tested, so a short signal would exist.

Swing Trading Plans for ADM

• Buy ADM slightly over 87.76, target 90.08, Stop Loss @ 87.51 Details

If 87.76 begins to break higher, the technical summary data tells us to buy ADM just slightly over 87.76, with an upside target of 90.08. The data also tells us to set a stop loss @ 87.51 in case the stock turns against the trade. 87.76 is the first level of resistance above 86.99, and by rule, any break above resistance is a buy signal. In this case, 87.76, 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 87.76, target 84.18, Stop Loss @ 88.01. Details

The technical summary data is suggesting a short of ADM if it tests 87.76 with a downside target of 84.18. We should have a stop loss in place at 88.01 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, 87.76, 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 87.27, target 87.76, Stop Loss @ 87.07 Details

If 87.27 begins to break higher, the technical summary data tells us to buy ADM just slightly over 87.27, with an upside target of 87.76. The data also tells us to set a stop loss @ 87.07 in case the stock turns against the trade. 87.27 is the first level of resistance above 86.99, and by rule, any break above resistance is a buy signal. In this case, 87.27, 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 87.27, target 85.64, Stop Loss @ 87.47. Details

The technical summary data is suggesting a short of ADM if it tests 87.27 with a downside target of 85.64. We should have a stop loss in place at 87.47 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, 87.27, 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.

ADM Ratings for September 22:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	80.30
P2	85.64	84.18	90.08
P3	87.27	87.76	100.56

Support and Resistance Plot Chart for ADM

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