DEERE & CO (DE) Stock Technical Analysis
NYSE:DE • US2441991054
Taking everything into account, DE scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DE is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- DE is part of the Machinery industry. There are 131 other stocks in this industry. DE outperforms 74% of them.
- DE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DE has a been trading in the 506.42 - 674.19 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- DE has an average volume of 1626820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that DE is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
447.21
When analyzing the support we can see 3 important areas.
- Support @593.26 from a horizontal line in the daily time frame.
- A support zone ranging from 477.60 to 481.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 451.73 to 461.63. 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 | UP | POSITIVE | The long term trend for DE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DE is up. |
| ChartMill Relative Strength | 87.01 | POSITIVE | DE has a high relative strength, it outperformed 87.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DE is above 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) | UP | POSITIVE | The current price of DE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.52 | OVERBOUGHT | The high RSI value suggests DE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 7.01 | POSITIVE | The MACD value suggests DE has a positive trend. |
| Stochastics (14,3) | 84.6 | OVERBOUGHT | The high Stochastics value suggests DE may be overbought. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for DE suggests some volalility. |
| Average Directional Index/ADX (14) | 57.61 | POSITIVE | The high ADX value value for DE suggests a strong trend. |
662.49
+0.49 (+0.07%)
DEERE & CO / DE FAQ
What is the technical rating for DE stock?
ChartMill assigns a technical rating of 9 / 10 to DE.
What is the current trend direction of DEERE & CO (DE) stock?
The current trend direction for DEERE & CO (DE) is Bullish.
Can you provide the RSI signal for DEERE & CO?
DEERE & CO (DE) has an RSI value of 81.5238. This indicates that the stock is currently overbought.
What is the MACD signal for DEERE & CO (DE) stock?
The MACD indicator for DEERE & CO (DE) has a value of 7.01075, indicating a bullish trend.
What are the support and resistance levels for DEERE & CO (DE) stock?
DEERE & CO (DE) has a support level at 593.26. Check the full technical report for our detailed analysis of DE support and resistance levels.