ADM - Barchart's Chart of the Day

Archer-Daniels-Midland (ADM) is the Barchart Chart of the Day.  The agricultural products company has a Trend Spotter buy signal, a Weighted Alpha of 39.30+, gained 39.62% in the last year and paid a 1.90% dividend.

The Chart of the Day belongs to Archer-Daniel-Midlands (ADM).  I found the stock by sorting the All Time High List for the stocks with the best technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 8/5 the stock gained 5.62%.

ADM procures, transports, stores, processes, and merchandises agricultural commodities and products. Its operations are classified into three business segments: Oilseeds Processing, Corn Processing, and Agricultural Services. The Company processes oilseeds, corn, wheat, cocoa, and other agricultural commodities. It manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report


Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 3.16% in the last month
• Relative Strength Index 69.68%
• Barchart computes a technical support level at 50.23
• Recently traded at 51.26 with a 50 day moving average of 48.89

Fundamental factors:

• Market Cap $33.55 billion
• P/E 18.47
• Dividend yield 1.90%
• Revenue predicted to decrease 1.60% this year but increase again next year by 1.10%
• Earnings are estimated to increase by 30.90% this year, an additional 18.00% next year and continue to increase at an annual rate of 4.00% for the next 5 years
• Wall Street analysts issued 3 strong buy, 5 buy, 5 hold and an under perform report on the stock

The 100 day moving average vs price has been a reliable technical indicator to use for entry and exit points on this stock.