A fresh buy on ADM, but patience is the trade
Archer-Daniels-Midland gains 6.8%, a fresh buy signal near its recent highs
A fresh buy on ADM, but patience is the trade
Our view last week
After a flat week, Archer-Daniels-Midland shares bounced 4.7% off a clean double bottom in the 75 area, pushing price back toward the Inversion Point. The sell signal is losing strength — down to 2 out of 100 — with buyers dominating daily volume: the decline looks nearly spent. Our model still flags trading as not recommended.
This week's summary
Archer-Daniels-Midland shares rebounded 6.8% this week, climbing off a clean double bottom in the 75 area with buyers dominating 96% of daily volume. A fresh buy signal has fired: 12th among the 20 new US Longs, with medium signal strength. The price, though, is back near its recent highs, already tested twice in the past 10 weeks: for our model, opening here stays high-risk.
IQS Phase
74
in tension
Signal Strength
54
medium
Sizing
STANDARD
Ranking
#12 / 20
New us stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content