Archer Daniels Midland Stock (ADM): Base / Breakout Pattern In Play?

The commodities complex is mixed but still showing some inflationary pressures. Sure oil has rallied on Iran war fears, but it’s still off its highs.

Outside of energy, we see some agriculture commodities and sectors showing strength.

One stock I’d like to highlight today is Archer Daniels Midland (NYSE: ADM).

ADM has rallied to new multi-month highs but is pulling back and might retest an important breakout area.

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$ADM Archer Daniels Midland Stock Chart

Here we can see ADM’s breakout above $52 and out of a nice basing pattern. It is pulling back right now and looks like it may retest this breakout area as well as the flattening 200-day moving average. Holding above $50 is key. The would indicate that the trading trend is in tact.

adm stock price retest breakout support chart june 22 2025 archer daniels midland

Twitter: @andrewnyquist

The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.