Archer Daniels Midland Company Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Archer Daniels Midland Company stock upgraded to Buy Candidate.
(Updated on Apr 22, 2024)
The Archer Daniels Midland Company stock price gained 1.61% on the last trading day (Monday, 22nd Apr 2024), rising from £2,735.00 to £2,779.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.42% from a day low at £2,753.00 to a day high of £2,792.00. The price has risen in 6 of the last 10 days and is up by 4.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 39 thousand more shares were traded than the day before. In total, 379 thousand shares were bought and sold for approximately £1.05 billion.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.43% during the next 3 months and, with a 90% probability hold a price between £3,002.78 and £3,236.36 at the end of this 3-month period.
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ADM.L Signals & Forecast
The Archer Daniels Midland Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £2,712.43 and £2,719.91. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -2.04%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Archer Daniels Midland Company stock
Archer Daniels Midland Company finds support from accumulated volume at £2,734.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £39.00 between high and low, or 1.42%. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: £2,657.13 (-4.39%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (ADM.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Archer Daniels Midland Company to open at £2,774.67, and during the day (based on 14 day Average True Range), to move between £2,725.14 and £2,832.86, which gives a possible trading interval of +/-£53.86 (+/-1.94%) 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 3.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £2,734.00 (1.62%) than the resistance at £2,830.00 (1.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Archer Daniels Midland Company stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Archer Daniels Midland Company stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.424 Buy Candidate Upgraded
Predicted Opening Price for Archer Daniels Midland Company of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £2,774.67 ( 0.156%) | £2,779.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,813.67 | 1.25 % | |
| R2 | 2,798.77 | 0.711 % | ||
| R1 | 2,789.56 | 0.380 % | ||
| Current price: | 2,779.00 | |||
| Support | S1 | 2,759.77 | -0.692 % | |
| S2 | 2,750.56 | -1.02 % | ||
| S3 | 2,735.67 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,837.00 | 2.09 % | |
| R2 | 2,833.00 | 1.94 % | ||
| R1 | 2,830.00 | 1.84 % | ||
| Current price | 2,779.00 | |||
| Support | S1 | 2,734.00 | -1.62% | |
| S2 | 2,650.00 | -4.64% | ||
| S3 | 2,583.00 | -7.05% |
ADM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | Jun 07, 2024 | £52.00 | 1.87% |
| 2 | Mar 08, 2023 | May 04, 2023 | Jun 02, 2023 | £14.50 | 0.611% |
| 3 | Aug 10, 2022 | Sep 01, 2022 | Sep 30, 2022 | £60.80 | 3.18% |
| 4 | Mar 03, 2022 | May 05, 2022 | Jun 06, 2022 | £75.80 | 3.33% |
| 5 | Aug 11, 2021 | Sep 02, 2021 | Oct 01, 2021 | £73.10 | 2.33% |
FAQ
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