Archer-Daniels-Midland: rough week, SL1 breached
Archer-Daniels-Midland stock falls 7.7% this week as SL1 stop is breached
Archer-Daniels-Midland: rough week, SL1 breached
Our view last week
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.
This week's summary
Archer-Daniels-Midland stock closed the week sharply lower, with sellers turning dominant in the last session and buyer momentum collapsing: the weekly technical analysis shows a 7.7% decline. Price closed below the first stop level (SL1) flagged in last week's card (80.56 area): for anyone following that level the trade is closed.
IQS Phase
52
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#28 / 120
US stocks in progress
Trade P&L %
-7.72%
from signal to date, no stop loss
Rank position
ranks 28th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimeweak phase
Performanceweekly -1.62% · monthly -1.16%
ADM belongs to the materials sector (reference ETF XLB). The sector is classified weak phase according to our weekly reading.
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