DE Technical Analysis - DEERE & CO

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to DE. DE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

DE has an average volume of 1454540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, DE outperforms 42% of them, which is more or less in line with the market.

DE is an average performer in the Machinery industry, it outperforms 53% of 129 stocks in the same industry.

DE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DE is lagging the market.

In the last month DE has a been trading in the 447.44 - 478.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, DE does present a nice setup opportunity. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

437.14

536.79

We found 3 important support areas.

Support @460.74 from a horizontal line in the weekly time frame.
A support zone ranging from 451.72 to 453.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @441.56 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 460.94 to 465.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @509.27 from a horizontal line in the daily time frame.
A resistance zone ranging from 520.97 to 531.48. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for DE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DE is down.
ChartMill Relative Strength	42.16	NEUTRAL	DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of DE is below the rising SMA(200).
Relative Strength Index/RSI (14)	42.28	NEUTRAL	The RSI value for DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.47	POSITIVE	The MACD value suggests DE has a positive trend.
Stochastics (14,3)	40.65	NEUTRAL	The Stochastics value for DE is a neutral value.
Average True Range in percent/ATR (20)	1.9	LOW VOLATILITY	The low ATR as a percentage value for DE suggests low volalility.
Average Directional Index/ADX (14)	30.33	POSITIVE	The high ADX value value for DE suggests a strong trend.