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Archer-Daniels-Midland's Chart Shows MACD and KDJ Death Cross
ByAinvest
Wednesday, May 1, 2024 3:33 pm ET1min read
The 15-minute trading chart for Archer-Daniels-Midland has exhibited a bearish signal as both the Moving Average Convergence Divergence (MACD) and the Stochastic KDJ indicators crossed in a manner known as the "Death Cross" at 3:30 PM on May 1, 2024. This technical development suggests that the share price of Archer-Daniels-Midland may persist in a downward trajectory, indicating that the momentum is veering toward a negative trend with the possibility of continued depreciation in value.
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