Archer-Daniels-Midland (ADM-N, Monday’s close US$67.92) declined from US$98.28 in 2022 to US$40.98 in 2025 (A-B), while trading below a falling trend line (dashed line) and below its falling 40-week Moving Average (40wMA).
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During the summer of 2025, the stock reversed the negative trend as it rallied above these indicators. The stock reached a high of US$65.00 in October (C), had a minor pullback to its rising 40wMA (D), and reached a higher high of US$70.48 to confirm the start of a new uptrend toward higher targets (E).
There is solid support near US$61-62, while the 40wMA (currently near US$58-59) represents the next key level. Only a sustained decline below the average would turn the outlook negative.
Point & Figure measurements provide targets of US$74 and US$79. Higher targets are visible.
Monica Rizk is the Senior Technical Analyst of the Phases & Cycles publication (www.capitalightresearch.com). Chart courtesy of www.LSEG.com