$ADMGreen: Entry Point
Blue: Start of Week
Red: End of Week
Thumbs Up: Trade Available for Week
Numbers: Price Targets
*For share traders only. Not meant for options.
1ADM trade ideas
BearishPrice oscillator just crossed below zero due to poor earnings. Time to go short. Buy weekly ATM put.
This is a trade journal. Do your own analysis.
BearishPrice oscillator just crossed below zero due to poor earnings. Time to go short. Buy weekly ATM put.
This is a trade journal. Do your own analysis.
ADM Needs Help, So I Am Short!That right, ADM is setting up nicely for a short pullback trade. Looking for price to break just below today's candle 10/29 for an entry.
Great Entry into ADMADM has a great entry setup I give stop loss 10% which fits with the support level and a clear breakout target on the right shoulder in the $70 range which should potentially yield a quick trip back through the levels if a bullish movement is reached resulting in a great long term hold.
ADM still being sold. Looks good at $63 and better at $67.Really love what this company does, you already know this is a staple stock, but we need to break this channel and I'd take a small position at $63 and add on at $67.
Other than that, keep it on watch.
Also look at key level around $68
Target 68.25Following weekly chart.
Got a long signal from indicator.
TP1 64.09
TP2 68.25
SL - Close under 58.95 candle close.
Archer Daniels Midland (ADM) Rises as Accounting Probe ConcludesArcher Daniels Midland Co. ( NYSE:ADM ), the agricultural powerhouse based in Chicago, saw a surge in its stock price after announcing the completion of an internal investigation into accounting irregularities within its nutrition business. While this development removed a significant overhang on the stock, ADM faces challenges as its fourth-quarter earnings fell short of expectations. Despite this setback, the company's upbeat guidance for 2024 and additional share buyback authorization offer a glimmer of hope amidst uncertainty.
Resolution of Accounting Probe:
ADM's stock rose by 3.95% following the announcement that the internal investigation into accounting practices at its nutrition segment has been substantially completed. The company assured investors that the adjustments required as a result of the probe would not have a material impact on its overall financial statements. This resolution alleviates concerns stemming from a voluntary document request by the Securities and Exchange Commission (SEC) and restores confidence in NYSE:ADM 's governance and transparency.
Earnings Disappointment:
However, despite the positive news regarding the accounting probe, NYSE:ADM 's fourth-quarter earnings fell short of analyst estimates. Net income for the quarter stood at $565 million, down from $1.019 billion in the previous year. Adjusted earnings per share came in at $1.36, below the FactSet consensus of $1.43. Additionally, revenue declined to $22.978 billion, missing expectations of $23.786 billion. These disappointing figures underscore the challenges facing ADM amidst shifting market dynamics and operational headwinds.
Optimistic Guidance and Share Buyback Authorization:
Despite the earnings miss, NYSE:ADM provided upbeat guidance for 2024, expecting adjusted earnings per share in the range of $5.25 to $6.25. The company's board also approved an additional $2 billion for its share buyback program, signaling confidence in its long-term prospects. However, FactSet's expectation of $5.41 falls within the lower end of ADM's guidance range, indicating lingering uncertainties about the company's performance.
Looking Ahead:
As NYSE:ADM navigates through the aftermath of the accounting probe and works towards remediation, investor sentiment remains mixed. While the resolution of the probe removes a significant cloud over the stock, concerns about earnings performance persist. The company's ability to execute its remediation plan effectively, improve financial transparency, and capitalize on growth opportunities will be critical in restoring investor confidence and driving long-term shareholder value.
ADM: Bullish Harami on the Weekly at a Bullish Gartley HOP LevelArcher-Daniels-Midland is sitting at the HOP level of a Bullish Gartley aligning with support with a Bullish Harami Visible on the Weekly Timeframe after setting record-breaking weekly volume into the test of the Support Zone.
ADM will close and confirm the Weekly Harami in less than an hour and from there we would expect to see ADM make an effort to fill the weekly gap above, perhaps going all the way up to the 61.8% retracement.
ADM is oversold!Start accumulating daily/weekly!
I plan to trade ADM the exact same way as I traded Pfizer stock a month ago. I drop a link below.
ADM - Long Dear traders,
ADM is too oversold, lets find entry orders at least with a target to fill the gap around 70,
The general trend is bullish and it already touched the previous level of resistance, which is a good level for thinking in open a buying position.
best of trading,
Advanced Micro Devices, Inc (symbol ‘AMD’), Daily
Shares of Advanced Micro Devices, Inc (symbol ‘AMD’) rose by around 10% in the third quarter of the year. The company’s earnings report for the fiscal quarter ending December 2023 is expected to be released on Tuesday 30th of January, after market close. The consensus EPS is $0.58, against $0.54 of the same quarter last year.
‘ The company reached a new all time high on January 19th at $174.23 after trading outside of the upper band of the Bollinger bands indicating the high volatility in the market for its shares. As of September 30, 2023, there has been a notable year-over-year reduction of approximately 30.45% in the company's long term debt. This decline has resulted in the total debt comprising a modest 13.5% of the overall liabilities. ‘ said Antreas Themistokleous, trading specialist at Exness.
From the technical analysis perspective the price has reached a new all time high and has corrected to the downside in today’s session at the time of this report being written. The upper band of the Bollinger bands has proven to be sufficient resistance on the price while at the same time indicating fueled up volatility for the share.
The faster moving average (50 days) is trading well above the slower (100 day) validating the overall bullish momentum in the market while the Stochastic oscillator is recording extreme overbought level hinting that a correction to the downside is a very possible scenario in the following sessions. If the correction takes place then the first area of possible support might be found around the $160 level which is the psychological support of the round number and is also just below the support of the 23.6% of the weekly Fibonacci retracement level.
ADM's Financial Woes UnearthedArcher Daniels Midland ( NYSE:ADM ) Faces Investor Skepticism and Downgraded Ratings Following Accounting Investigation"
In a shocking turn of events, Archer Daniels Midland ( NYSE:ADM ), one of the major players in the international grain trading and processing industry, has placed its Chief Financial Officer (CFO), Vikram Luthar, on administrative leave amid an investigation into accounting practices within its nutrition business. The move has sent ripples through the financial world, causing a double-digit drop in NYSE:ADM 's shares and prompting a delay in the release of its fourth-quarter earnings.
The investigation was initiated following a request for documents from the U.S. Securities and Exchange Commission (SEC), raising concerns about the company's financial governance and prompting immediate action from NYSE:ADM 's board. Luthar, who assumed the role of CFO in 2022, has been replaced on an interim basis by Ismael Roig.
NYSE:ADM , which competes with industry giants like Bunge and Louis Dreyfus, saw its shares plummet more than 10% in pre-market trading, reflecting investor unease about the potential impact on the company's financial health and growth prospects. Goldman Sachs promptly downgraded the stock to "neutral" from "buy," citing uncertainties surrounding the investigation and its potential consequences.
The nutrition business, where the accounting irregularities are under scrutiny, has been a significant focus for NYSE:ADM in recent years. With multi-billion-dollar investments in European ingredients manufacturer Wild Flavors and French animal feed maker Neovia, NYSE:ADM sought to capitalize on the growing demand for nutritional products. However, recent struggles in the nutrition business, particularly in the face of waning interest in plant-based proteins, have added to the company's challenges.
Conclusion
As NYSE:ADM navigates this turbulent period, industry experts and investors are closely monitoring developments. The delay in the release of fourth-quarter earnings adds to the uncertainty, leaving stakeholders with more questions than answers. The board's commitment to working closely with advisors to align processes with financial governance best practices is an assurance, but the road ahead remains uncertain for NYSE:ADM as it works to rebuild investor trust and weather the storm of financial scrutiny.
ADM // cup handle formationAlthough there is a cup-handle formation on the chart, the targets are drawn according to Fibonacci. Pay attention to the wedge resistance in the weekly time frame.
ADM: Piercing Line with Bullish Divergence at Deep Cypher PCZWe have a Piercing Line with Bullish Divergence on the 3 Day near the 200 SMA at the PCZ of a Bullish Deep Cypher that if plays out could take it up to the level of $97 but if we're being realistic probably at least $100.
ADM - Similar Double TopsTrend Line up in white shows that the bearish top is in.
The double top will act as the first one did, pushing price down to the up trend line.
The bars pattern tool shows my thoughts for price following this double top.
ADM - Strong Downtrend A strong downtrend is evident on ADM on this hourly chart
I think price will be rejected and continue along this trend line that can be drawn with a low at 68
The company is setting up for a correctionHello,
Archer-Daniels-Midland Co. engages in the production of oilseeds, corn, wheat, cocoa, and other agricultural commodities. It operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Other.
The company has indicated that in March will permanently close its flour mill in New Braunfels, Texas, following a review of its milling business.
The company stock shows we expect a consolidation of the price around the current area for the next few years. This are areas where we can actively seek buying opportunities from the bottom.
More details about the company on their website.
Good luck!
$ADM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADM after a POsitive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 90%.
PennantThe pole is Down.
Pennants and Flags are neutral until broken with a trend in that direction.
No recommendation.
Double Top, Daily Chart, Short Idea I can't help but clearly see the large double top formation, and when this happens my gut tells me not to ignore it since they tend to have a very high rate of success playing out correctly, double tops (M) and double bottoms (W). Double Tops = downtrend upcoming and Double Bottom = uptrend upcoming
It looks as if shorting to the target of $41 would be a good idea. Getting put options. Let me know what you think.
