DEERE & CO (DE) Technical Analysis
NYSE:DE • US2441991054
Current stock price
DE Technical Rating and Analysis
Overall DE gets a technical rating of 6 out of 10. In the last year, DE was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month DE has a been trading in the 562.19 - 674.19 range, which is quite wide. It is currently trading near the lows of this range.
- DE is one of the better performing stocks in the Machinery industry, it outperforms 73% of 131 stocks in the same industry.
- DE has an average volume of 1664300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the yearly performance of all stocks, we notice that DE is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- DE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DE is lagging the market slightly.
DE Weekly and Daily overview Charts
DE Setup Rating and Analysis
DE has an average technical rating and also the quality of the setup is only medium 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
DE Support and Resistance Analysis
447.21
When analyzing the support we can see 4 important areas.
- A support zone ranging from 561.84 to 571.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 481.51 to 490.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 461.63 to 468.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @451.73 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @630.89 from a horizontal line in the daily time frame.
DE 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 | UP | POSITIVE | The long term trend for DE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DE is down. |
| ChartMill Relative Strength | 83.3 | POSITIVE | DE has a high relative strength, it outperformed 83.3% off all stocks 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) | 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) | 41.82 | NEUTRAL | The RSI value for DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -8.28 | NEGATIVE | The MACD value suggests DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.15 | OVERSOLD | The low Stochastics value suggests DE may be oversold. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for DE suggests some volalility. |
| Average Directional Index/ADX (14) | 30.51 | POSITIVE | The high ADX value value for DE suggests a strong trend. |
DE Chart- and CandleStick Pattern Analysis
DE Example Setup
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 |
|---|---|---|---|
| 584.79 | 562.18 | 22.61 (3.87%) | 25.00% |
| An entry @584.79. This is a Buy Stop order right above the 10 day moving average. | An exit @562.18. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 22.61 points, which is 3.87%. | For a 0.97% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DE. Please evaluate whether better entry and exit points can be found.
- 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.
DE Technicals: Chart, Performance Metrics, Trend & Indicators
571.02
-3.24 (-0.56%)
DEERE & CO / DE TA FAQ
What is the technical rating for DE stock?
ChartMill assigns a technical rating of 6 / 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 41.8189. This indicates that the stock is currently neutral.
What is the MACD signal for DEERE & CO (DE) stock?
The MACD indicator for DEERE & CO (DE) has a value of -8.28478, indicating a bearish trend.
What are the support and resistance levels for DEERE & CO (DE) stock?
DEERE & CO (DE) has a support level at 571.01 and a resistance level at 630.89. Check the full technical report for our detailed analysis of DE support and resistance levels.