Archer Daniels Midland Technical Analysis (NYSE:ADM)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Archer Daniels Midland stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ADM stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Archer Daniels Midland. The technical analysis form of Archer Daniels Midland stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Archer Daniels Midland Moving Average:
Moving averages show the ADM stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A key factor that impacts moving averages is the lag factor. The 20 day moving average of $42.82 is below the price of $43.57.
Archer Daniels Midland Bollinger Bands:
Bollinger bands comprise of a center line usually ADM SMA, and two ADM stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Archer Daniels Midland bollinger bands.
Archer Daniels Midland Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Archer Daniels Midland MACD line is below the signal line.
Archer Daniels Midland Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 72.28 is the RSI value of ADM stock. .