Consumer Defense Archer Daniels $ADM MACD Buy Signal

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Consumer Defense stock Archer Daniels $ADM had a MACD buy signal on December 22, 2022. The stock is in a technical strong uptrend.

Archer Daniels stock chart on December 26 2022 with MACD buy signal
Archer Daniels stock chart on December 26 2022 with MACD buy signal

Dark Pool Trade In Archer Daniels $ADM Stock

A series of dark pool trades occurred in Archer Daniels $ADM stock on December 16, 2022. The dark pool trades were valued at over $90 million. We think the trades were buy orders because $ADM stock rose following the trades hitting the tape.

Archer Daniels stock chart on December 26 2022 with a dark pool trade shown with orange bar
Archer Daniels stock chart on December 26 2022 with a dark pool trade shown with orange bar

Make sure to review this lesson on dark pool trading so that you understand the chart above.

A narrative emerges that an institutional investor increased its long position in Archer Daniels stock after the UBS buy rating on December 14, 2022.

Archer Daniels Gets Buy Rating At UBS

Archer Daniels was given a Buy rating and a $115 price target by UBS analyst Manav Gupta when he started covering the company on December 14, 2022. Even in a normalized margin environment, according to Gupta, $ADM will produce earnings of $7.75 per share by 2026 when productivity and innovation initiatives are taken into account. Manav Gupta predicts a bottom in earnings of $6.07 per share, a significant increase over the $4.50 per share normalized earnings levels that are currently in place.

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