The Greedy Trader Weekly Analysis
Sign In Jul 20, 2018
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Deere & Co.
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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :Relative Strength Index bullish divergenceDaily  MACD line has moved above its signal lineThe price touches the lower Bollinger Band
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It was the negative week for the Deere & Co. (DE). During the week, the DE dropped -2.40 points, or -1.71%, and closed at 137.58 on Friday, July 13, 2018. DE was trading at average weekly trading volume.

DE is a member of Industrial Goods Sector. Industrial Goods is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See DE long-term trend chart]
A long-term uptrend had started on October 8, 1998 at 13.78 and reached 175.26 on February 16, 2018. DE gained -161.48 points, or -1171.84%, in 1010 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (80.67) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See DE medium-term trend chart]
A medium-term downtrend had started on February 16, 2018 at 175.26 and reached 131.26 on May 3, 2018. DE lost 44.00 points, or 25.11%, in 10 weeks. The price is now at the 14.36% retracement level.

Weekly Technical Indicators: [See DE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 23, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See DE short-term trend chart]
A short-term downtrend had started on May 21, 2018 at 161.39 and reached 137.32 on June 28, 2018. DE lost 24.07 points, or 14.91%, in 38 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 131.25 and resistance is at 158.06. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See DE daily technical indicators chart]
Daily technical indicators are neutral. Daily Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Relative Strength Index help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price touches the lower Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.17
Bullish
Williams' Percentage Range (W%R) 73.80
Lane's Stochastic (%D-Slow) 49.24
Greed/Fear Indicator (GFI) 36.88
Moving Average Converg./Diverg. (MACD) -2.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.28
Williams' Percentage Range (W%R) 74.50
Lane's Stochastic (%D-Slow) 40.70
Greed/Fear Indicator (GFI) 37.00
Moving Average Converg./Diverg. (MACD) 1.12
Trading Signals
Description Value Chart
Weekly Trendline Resistance 158.06
Upper Bollinger Band 148.69
50 Day Moving Average 147.43
Parabolic System 146.44
Weekly Stochastic Crossing 144.83
20 Day Moving Average 141.80
Daily Stochastic Crossing 141.05
Price 137.58
Lower Bollinger Band 137.32
Weekly Trendline Support 131.25
Sector and Industry
Description Name Rank
Sector Industrial Goods 2
Industry Farm/Construction Machnry 28
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 137.32
Low Date 06/28/2018
High 146.29
High Date 07/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 158.06
Support 131.25
High 161.39
High Date 05/21/2018
Low 137.32
Low Date 06/28/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 175.26
High Date 02/16/2018
Low 131.26
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.16
Low Date 01/20/2016
High 175.26
High Date 02/16/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 100.43
Support 80.67
Low 13.78
Low Date 10/08/1998
High 175.26
High Date 02/16/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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