NYSE: ADM – Uptrend Structure Intact with Strong Confluence Supp

NYSE: ADM (Archer-Daniels-Midland) has been in a steady uptrend since April, forming a consistent pattern of higher highs and higher lows. After breaking above the 50-day SMA, price has remained comfortably above it — with every pullback showing healthy consolidation and renewed buying interest.

From mid-year onward, all four major simple moving averages — SMA 50, 100, 150, and 200 — have completed a bullish alignment, each sloping upward. This marks a decisive shift in market structure from a previous downtrend into a confirmed uptrend, reflecting growing institutional confidence.

Price has also respected the rising trendline (green) multiple times — around June 5, August 1, October 3, and October 15 — each time rebounding and closing back above the SMA 50, showing consistent trendline support.

Over the past two months, ADM has been consolidating near the $60 level, forming a horizontal base (red dotted line). Notably, several candles in September showed long lower wicks, signaling liquidity grabs below $60 — likely sweeping retail stop-losses before a quick recovery.

At present, price sits above multiple layers of support:
* Bullish SMA alignment (50 > 100 > 150 > 200)
* Rising trendline (green)
* $60 horizontal support zone (red dotted line)
* 50-day SMA as dynamic support

This confluence of signals reinforces ADM’s medium- and long-term bullish bias. As long as price holds above the trendline and SMA 50, the path of least resistance remains to the upside.