$ADM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADM after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 40%.
0JQQ trade ideas
ADM Equality Mirror TargetProjection based on Fibonacci analysis. This chart shows equality relationship. 84 is likely a key level because of gaps. You could try the 2020 pivot low for the lower box and you will find a confluence with 38% subdivision.
This suggests a continued rise in wheat price and other ag.
Archer Daniels Could Be Fighting HigherThe S&P 500 and Nasdaq-100 have made new multiyear lows this week. That helps draw attention to the price action in today’s stock, which has been fighting higher all year: Archer Daniels Midland.
The grain processor bottomed in mid-July, followed by a higher low in late September. It also managed to hold its 200-day simple moving average (SMA). (Did you know only 15 percent of the S&P 500’s members were above their 200-day SMAs yesterday, according to TradeStation data?)
It then jumped to begin October and managed to hold the higher level despite the broader market rolling over. That is a potential sign of relative strength.
The current price zone also establishes ADM back above it 50-day SMA, which could suggest the bulls are taking charge.
Finally, this chart includes our 2 MA Ratio custom script. It has the default settings of the 8- and 21-day exponential moving averages (EMAs). Notice how the indicator just turned green, signifying the faster EMA has crossed above the slower EMA.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
ADM: upside momentum to remain?A price action above 84.00 supports a bullish trend direction.
Crossing below this level will negate the bullish trend.
Consolidation price range from 86.00 to 88.00.
Crossing above 88.00 might assist the bullish trend to target 92.00.
Crossing below 86.00 will be the first sign of pending weakness.
Remains above its 200-day simple moving average.
Can $ADM hold support and move higher from here?Notes:
* Very strong up trend on all time frames
* Good earnings in the recent quarters
* Basing for the past ~6 months
* Coming up on the right side of its base
* Recently broke back above a key level around ~$87.2 and has been holding this level as support with higher than average volume
* Printed an inside day with higher than average volume
* Bouncing off of its 20EMA
Technicals:
Sector: Consumer Defensive - Farm Products
Relative Strength vs. Sector: 2.78
Relative Strength vs. SP500: 1.55
U/D Ratio: 1.81
Base Depth: 37.27%
Distance from breakout buy point: -10.61%
Volume 22.31% above its 15 day avg.
Trade Idea:
* You can enter now as the price is bouncing off of its 20EMA and a key support level around $87.2
* If you want a better entry you can look to enter around $87.2 or if it pulls back closer to the 20EMA
* This stock usually has local tops when the price closes around 12.92% above its 50 EMA
* Consider selling into strength if the price closes 12.72% to 13.12% (or higher) above its 50 EMA
* The last closing price is 4.89% away from its 50 EMA
Looking For correctionHello
We are at the top for this company stock. Looking for a correction to start coming in.
More details about the company can be found on the investor relations of the company website.
Good luck.
ADM and WTZ2+AO in the ZoneADM is likely WTZ2 pattern perfectly while AO in the Zone signal is applied for competitive entry. I expect a few TP, the 1st one is at the end of B and the previous high could be the 2nd. However, the entry size is as significant as the entry price. Calculate your risks well before trading. Good Luck!
ADM and WTZ2 in DowntrendADM is likely moving in downtrend. I apply my favorite setup (WTZ2) for entering the order. For the trade setup, risks reward ratio is also competitive for me. Enjoy your trading!
ADM - Complete Ascending ScallopA complete chart pattern formation
Following the completion of this a large bullish rise is to be expected
Which is already being seen on this log chart
ADM High-risk Initial LongADM High-risk Initial Long. SL and TP on the chart. 10-20x leverage. Move SL on TP.
$ADM Cup Completion Cheat Setup$ADM putting in a mini coil that potentially could turn into a cup completion cheat (3Cs) setup heading into next week.
Worthy of a watchlist.
Wheat price hike in summerWorld wheat prices soared by 19.7% during March, while maize prices posted a 19.1% month-on-month increase, hitting a record high along with those of barley and sorghum. The FAO said these problems were likely to persist, leading to higher prices, lower stocks and uncertainty in the wheat market in the future.
$ADM offering a pull-back recovery entry?Notes:
* Great earnings record in the past 2 years
* Very strong up trend in all time frames
* Offering a potential pull-back recovery entry
* Recovering with well above average volume
Technicals:
* Sector: Consumer Defensive - Farm Products
* Relative Strength vs. Sector: 4.42
* Relative Strength vs. SP500: 8.38
* U/D Ratio: 1.62
* Base Depth: 14.79%
* Distance from breakout buy point: 0.45%
* Volume 73.23% above its 15 day average.
Trade Idea:
* You can enter now as the price is recovering from the pull-back with higher than average volume.
* If you're looking for a better entry you can look for an opportunity around $93.5
* Or even $92.1 given the current market conditions
* Manage risk accordingly
ADM - long - pullback - Keltner channelsPullback - daily
Lower timeframes are now bullish and showing signs of the trend turning.
Above the 200.
Account size - $50k
Position size - 1% = $500 = 5 shares
ATR - $2.60
SL - 2 ATRs
TP - 2 ATRs
deadline - 9 days (May 1st)
Current price: $90.97
SL - $5.20 = $90.97- $5.20 = $85.77
TP - $5.20 = $90.97 + $5.20 = $96.17
NYSE:ADM
Archer Daniels Mid Land USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Long ADM: A Crystal Clear ChannelADM has stayed nicely in this upward trending channel for some time. I have a simple rule: When a chart looks like this, be long.
Breakout from a bullish consolidationUpward trend consolidates in the form of a symmetrical triangle.
The price breaks out of the triangle and has technical potential to about 80.14.
I would set the SL at around 62.30.
ADM looking to head higher?* Good earnings in the recent quarters
* Good general up trend in the long term
* High 3-month relative strength of 1.04 in the Consumer Defensive sector
* Breaking out of a 7 month base with higher than average volume
* Has a U/D ratio of 1.24 meaning it's under accumulation.
Trade Idea:
* Due to the market conditions I'd suggest you wait for a better entry around $68.51 if you do consider it.
* If you're willing to bare the volatility at the cost of getting into the stock, now's a great time to enter as the price is just breaking out and is only 2.07% away from the broken level.
Trade from a book! So nice.Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working well.
2. Globally uptrend locally uptrend.
3. The level 69.69$ is confirmed by many touches.
4. Near test, but we don't see an impulse.
5. Approached with big bars *open W1*
6. Approached with almost no rollbacks
7. There is accumulation for the last 5 days *open M5*
8. there was almost no rollbacks on the way up
9. yesterday there are was a close above the level, but today no impuls, and the instrument went down
10. an all-time high
11. there is enough room for a move 1 to 5.1
12. there is a model ascending lows *which is against short idea*
13. no news for the last 10 days
14. the price came from below
15. the stock has a good potential for a big move down
16. no report in the following 2 weeks
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If you find my work valuable, please, press a thumb up! 👍
ADM climbing to the resistance level againADM is once climbing near the resistance level. Will it break out this round or it will break down like before? to answer this question, observing the volumes of this stock might help you reach your conclusion. If volumes increase, the chance for it to break out is high and vice versa. Another factor is we are in the Thanking giving rally now. Assuming no black swan, based on histories the market will usually go up around 3% until early Jan. next year. If you are buying in right now, a good approach is to buy 15% to 20% and set a loss limit. If it break out you add more at that time, if it goes south then let the loss limit execute. A little goes a long way. Happy trading and have a great thanksgiving.
