DEERE & CO (DE) Stock Technical Analysis
NYSE:DE - New York Stock Exchange, Inc. - US2441991054 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to DE. Both in the recent history as in the last year, DE has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, DE did better than 84% of all other stocks. On top of that, DE also shows a nice and consistent pattern of rising prices.
DE is one of the better performing stocks in the Machinery industry, it outperforms 70% of 128 stocks in the same industry.
DE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DE is lagging the market slightly.
DE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
DE has an average volume of 1203870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 506.73, 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.
More info and screens
404.48
536.80
When analyzing the support we can see 4 important areas.
- A support zone ranging from 500.19 to 508.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 461.91 to 466.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @426.68 from a trend line in the daily time frame.
- A support zone ranging from 408.57 to 411.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 512.53 to 515.20. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for DE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DE is neutral. |
| ChartMill Relative Strength | 84.02 | POSITIVE | DE has a high relative strength, it outperformed 84.02% off all stocks 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) | UP | POSITIVE | The current price of DE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.28 | NEUTRAL | The RSI value for DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.38 | NEGATIVE | The MACD value suggests DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.99 | NEUTRAL | The Stochastics value for DE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for DE suggests some volalility. |
| Average Directional Index/ADX (14) | 17.15 | NEGATIVE | The low ADX value for DE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 514.32 | 497.93 | 16.39 (3.19%) | 25.00% |
| An entry @514.32. This is a Buy Stop order right above the 10 day moving average. | An exit @497.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 16.39 points, which is 3.19%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
508.36
-0.13 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.03%
1 Week-1.12%
2 Weeks-3.07%
1 Month0.1%
3 Month18.26%
6 Month20.4%
12 Month41.2%
2 Year18.33%
3 Year48.13%
5 Year188.33%
10 Year437.55%
15 Year662.39%
Volatility
ATR(14)10.59
ATR(20)%2.07%
ATR Inc43.6%
Range Today19.89
ADR(20)9.81
ADR(20)%1.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.02
Mansfield0.72
10 Day High531.38
10 Day Low494.93
20 Day High531.38
20 Day Low494.93
52 Week High533.78
52 Week Low340.2
CS1 End506.73
CR1 Start531.48
Volume & EV
DER(3)0.3%
DER(5)0.13%
Volume1.38M
Volume Incr26.04%
Vol(5)1.40M
Vol(50)1.20M