Earnings loom, the buy signal holds firm
ADM closes flat (+0.0%) near its highs, with earnings on deck
Earnings loom, the buy signal holds firm
Our view last week
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.
This week's summary
Archer-Daniels-Midland shares are back near their recent highs, already tested twice over the past ten weeks, just as this week's earnings report, on July 28, raises the stakes. The weekly technical analysis flags the first warning signs: buyer dominance is fading and sellers slightly prevailed in the last session, with the week closing essentially flat. The buy signal that fired a week ago is holding, but our model stays cautious about entering here.
IQS Phase
70
in tension
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#58 / 124
US stocks in progress
Trade P&L %
+0.02%
from signal to today
Rank position
ranks 58th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimein positive regime
Performanceweekly +1.44% · monthly +0.20%
ADM belongs to the materials sector (reference ETF XLB). The sector is classified in positive regime according to our weekly reading.
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