Objective Long/Short Report (ADM).

November 30, 2024, 8:02 PM ET, BY Simon M. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for ADM

• Buy ADM near 49.49 and target a stop loss of 55.64 at 49.35 Details

The technical summary data tells us to buy ADM at around 49.49 with an upside target of 55.64. This data also tells us to set a stop loss at 49.35 to protect ourselves from excessive losses in case the stock starts moving against the trade. 49.49 is the first level of support below 54.6, and fundamentally any test of support is a buy signal. In this case the support 49.49 would be tested, so a buy signal would be present.

• Short ADM just below 55.64, target 49.49, stop loss at 55.8 Details

The summary technical data suggests a short on ADM as it approaches the 55.64 level and the downside target is at 49.49. However, we should have a stop loss at 55.8. 55.64 is the first resistance level above 54.6, and basically any test of resistance is a short signal. In this case, if the resistance 55.64 is tested, a short signal is present.

Swing trading plans for ADM

• Buy ADM just above 54.61, target 55.64, stop loss at 54.45 Details

If 54.61 starts to break higher, the technical summary data tells us to buy ADM just above 54.61 with an upside target of 55.64. The data also tells us to set a stop loss at 54.45 in case the stock turns against the trade. 54.61 is the first resistance level above 54.6, and basically any break above resistance is a buy signal. In this case, 54.61, the initial resistance, would break upwards, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short ADM slightly near 54.61, target 53.56, stop loss at 54.77. Details

Technical summary data suggests shorting ADM if it tests 54.61, with a downside target of 53.56. However, we should have a stop loss at 54.77 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if the resistance 54.61 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for ADM

• Buy ADM just above 54.61, target 55.64, stop loss at 54.48 Details

If 54.61 starts to break higher, the technical summary data tells us to buy ADM just above 54.61 with an upside target of 55.64. The data also tells us to set a stop loss at 54.48 in case the stock turns against the trade. 54.61 is the first resistance level above 54.6, and basically any break above resistance is a buy signal. In this case, 54.61, the initial resistance, would break upwards, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short ADM slightly near 54.61, target 53.75, stop loss at 54.74. Details

The technical summary data suggests a short on ADM if it tests 54.61 with a downside target of 53.75. However, we should have a stop loss at 54.74 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if the resistance 54.61 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Archer Daniels Midland Company (ADM) available here: ADM.

ADM ratings for November 30th:

AI generated signals for ADM

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This report was generated using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to help identify the most advantageous trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The aim of this particular report is to optimize trading Archer Daniels Midland Company (NYSE: ADM) incorporating prudent risk controls.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for ADM change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when ADM tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for ADM. All of this is offered below the overview table.