Sell signal, week 2 · US stocks
Archer-Daniels-Midland slips 0.7% and closes below its 20-week average
Our view last week
A third straight losing week for Archer-Daniels-Midland, down 0.8%: the buy signal that was holding with little margin last week gives way to a new Sell signal. Price action on the daily chart shows 5 lower highs, from the 89 area to the 82 area, while Archer-Daniels-Midland stock still closes above its 20-week average, in the 80 area. Signal strength is 4 out of 100, a decline losing steam: for swing trading among US stocks, opening a short here is high-risk.
This week's summary
The week tried to climb and was turned back by the 20-day and 50-day moving averages, in the 82 area: Archer-Daniels-Midland closes down 0.7%, near the week's low. It is the 4th straight weekly drop and, compared with 7 days ago, Archer-Daniels-Midland stock has also lost its 20-week average, in the 80 area. Price action points to distribution on contracting volumes. The Sell signal is gaining pace, but for swing trading among US stocks, opening a short here remains high-risk.
Sell signal in observation
·2nd week from start
·US stocks
·T2
·📅 Earnings · Nov 3
★ See Gold version →
IQS Phase
77
in tension
Signal Strength
19
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#77 / 174
US stocks sell signals
Trade P&L %
+0.70%
from signal to date, no stop loss
Archer-Daniels-Midland (ADM) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 77th among the 174 sell signals for US stocks in our ranking, with a signal strength of 19 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimeweak phase
Performanceweekly +1.17% · monthly -3.81%
ADM belongs to the materials sector (reference ETF XLB). The sector is classified weak phase according to our weekly reading.
restricted Platinum content