Archer-Daniels-Midland Company Stock Forecast
Red day on Friday for Archer-Daniels-Midland Company stock after losing 0.757%
(Updated on May 17, 2024)
The Archer-Daniels-Midland Company stock price fell by -0.757% on the last day (Friday, 17th May 2024) from 56.83€ to 56.40€. During the last trading day the stock fluctuated 0.461% from a day low at 56.37€ to a day high of 56.63€. The price has risen in 7 of the last 10 days and is up by 3.03% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -572 shares and in total, 250 shares were bought and sold for approximately 14.10€ thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 55.95€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.13% during the next 3 months and, with a 90% probability hold a price between 64.98€ and 72.59€ at the end of this 3-month period.
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ADM.DE Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Archer-Daniels-Midland Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 57.13€ and 57.24€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -4.10%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Archer-Daniels-Midland Company stock
On the downside, the stock finds support just below today's level from accumulated volume at 53.20€ and 52.60€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Archer-Daniels-Midland Company finds support just below today's level at 53.20€. If this is broken, then the next support from accumulated volume will be at 52.60€ and 50.40€.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.260€ between high and low, or 0.461%. For the last week the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADM.DE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Archer-Daniels-Midland Company to open at 56.47€, and during the day (based on 14 day Average True Range), to move between 55.41€ and 57.39€, which gives a possible trading interval of +/-0.99€ (+/-1.75%) up or down from last closing price. If Archer-Daniels-Midland Company takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 56.41€ (0.02%) than the support at 53.20€ (5.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Archer-Daniels-Midland Company stock A Buy?
The Archer-Daniels-Midland Company stock holds several negative signals and despite the positive trend, we believe Archer-Daniels-Midland Company will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.815 Sell Candidate Unchanged
Predicted Opening Price for Archer-Daniels-Midland Company of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 56.47€ ( 0.118%) | 56.40€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADM.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.73 | 0.579 % | |
| R2 | 56.63 | 0.403 % | ||
| R1 | 56.57 | 0.294 % | ||
| Current price: | 56.40 | |||
| Support | S1 | 56.37 | -0.0579 % | |
| S2 | 56.31 | -0.167 % | ||
| S3 | 56.21 | -0.343 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.40 | 1.77 % | |
| R2 | 56.87 | 0.83 % | ||
| R1 | 56.41 | 0.0177 % | ||
| Current price | 56.40 | |||
| Support | S1 | 53.20 | -5.67% | |
| S2 | 52.60 | -6.74% | ||
| S3 | 50.40 | -10.64% |
ADM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | Jun 05, 2024 | 0.467€ | 0.83% |
| 2 | Feb 07, 2024 | Feb 07, 2024 | Feb 29, 2024 | 0.461€ | 0.94% |
| 3 | Nov 14, 2023 | Nov 14, 2023 | Nov 14, 2023 | 0€ | 0% |
| 4 | Aug 15, 2023 | Aug 15, 2023 | Aug 15, 2023 | 0.450€ | 0.595% |
| 5 | May 16, 2023 | May 16, 2023 | May 16, 2023 | 0.450€ | 0.668% |
FAQ
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