DEERE & CO (DE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DE - US2441991054 - Common Stock
We assign a technical rating of 4 out of 10 to DE. In the past year, DE was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, DE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 467.09, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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3 important support areas can be observed.
- A support zone ranging from 467.05 to 467.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @459.51 from a trend line in the weekly time frame.
- A support zone ranging from 439.10 to 451.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 472.40 to 476.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 495.99 to 499.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 531.48 to 531.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for DE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DE is neutral. |
| ChartMill Relative Strength | 57.92 | NEUTRAL | DE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.25 | NEUTRAL | The RSI value for DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.59 | NEGATIVE | The MACD value suggests DE has a negative trend. |
| Stochastics (14,3) | 13.62 | OVERSOLD | The low Stochastics value suggests DE may be oversold. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for DE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.81 | NEGATIVE | The low ADX value for DE suggests a weak or negative trend. |
469.15
+1.04 (+0.22%)
DEERE & CO / DE FAQ
What is the technical rating for DE stock?
ChartMill assigns a technical rating of 4 / 10 to DE.
What is the trend direction for DE stock?
The current trend direction for DEERE & CO (DE) is Bearish.
Can you provide the RSI signal for DEERE & CO?
DEERE & CO (DE) has an RSI value of 47.252. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DEERE & CO?
The short term momentum for DEERE & CO (DE) is neutral.