DEERE & CO (DE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:DE • US2441991054
Overall DE gets a technical rating of 8 out of 10. Although DE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- DE is currently making a new 52 week high. This is a strong signal. 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 464.31 - 545.32 range, which is quite wide. It is currently trading near the high of this range.
- DE has an average volume of 1510740 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 77% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- DE is an average performer in the Machinery industry, it outperforms 64% of 132 stocks in the same industry.
Although DE has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
447.21
2 important support areas can be observed.
- A support zone ranging from 474.31 to 481.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 451.73 to 466.79. 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 | 77.23 | POSITIVE | DE has a high relative strength, it outperformed 77.23% 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) | 71.24 | OVERBOUGHT | The high RSI value suggests DE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.01 | POSITIVE | The MACD value suggests DE has a positive trend. |
| Stochastics (14,3) | 90.39 | OVERBOUGHT | The high Stochastics value suggests DE may be overbought. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for DE suggests some volalility. |
| Average Directional Index/ADX (14) | 34.06 | POSITIVE | The high ADX value value for DE suggests a strong trend. |
545
+12.75 (+2.4%)
DEERE & CO / DE FAQ
What is the technical rating for DE stock?
ChartMill assigns a technical rating of 8 / 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 71.2419. 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 2.0076, indicating a bullish trend.
What are the support and resistance levels for DEERE & CO (DE) stock?
DEERE & CO (DE) has a support level at 481.51. Check the full technical report for our detailed analysis of DE support and resistance levels.