Archer-Daniels-Midland Co (ADM): Price Now Near $58.73; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for ADM

At the moment, ADM (Get Ratings)’s price is up $0.02 (0.03%) from the hour prior. The hourly chart shows that ADM has seen 3 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Out of Food Products stocks, ADM ranks 4th in regards to today’s price percentage change.

ADM’s Technical Outlook on the Daily Chart

At the moment, ADM’s price is up $0.69 (1.19%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as ADM has now gone up 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Archer-Daniels-Midland Co’s price action over the past 90 days can be seen via the chart below.

ADM

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ADM: Daily RSI Analysis

  • ADM’s RSI now stands at 65.1515.
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