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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

In the last month DE has a been trading in the 462.83 - 499.20 range, which is quite wide. It is currently trading near the lows of this range.

DE has an average volume of 1347320 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 44% of them, which is more or less in line with the market.

DE is part of the Machinery industry. There are 128 other stocks in this industry, DE did better than 50% of them.

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.

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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. There is a support zone below the current price at 468.69, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

404.48

536.80

We found 2 important support areas.

A support zone ranging from 464.98 to 473.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @408.57 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

Resistance @509.27 from a horizontal line in the daily time frame.
Resistance @520.97 from a horizontal line 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.

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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	44.6	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)	38.86	NEUTRAL	The RSI value for DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.37	NEGATIVE	The MACD value suggests DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	16.81	OVERSOLD	The low Stochastics value suggests DE may be oversold.
Average True Range in percent/ATR (20)	2.09	MEDIUM VOLATILITY	The ATR as a percentage value for DE suggests some volalility.
Average Directional Index/ADX (14)	27.92	POSITIVE	The high ADX value value for DE suggests a strong trend.