The Greedy Trader Weekly Analysis
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Deere & Co.
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Summary:
Weekly :Broken trend resistance lineLane's Stochastic is oversoldBroken trend resistance line
Daily :Lane's Stochastic is strongly overboughtBearish Deliberation CandlestickDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 3 consecutive negative weeks for the Deere & Co. (DE). During the week, the DE gained 10.02 points, or 7.30%, and closed at 147.32 on Friday, May 11, 2018. It was the best weekly gain since March 9, 2018. Weekly volume was -6% below average.

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 (80.07) 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 chart has formed a Falling Channel chart pattern. The downtrend resistance line (126.14) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DE may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.

Weekly Technical Indicators: [See DE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 Lane's Stochastic help.

The weekly MACD line is below its signal line since February 23, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See DE short-term trend chart]
A short-term uptrend had started on May 3, 2018 at 131.26 and reached 149.00 on May 11, 2018. DE gained -17.74 points, or -13.52%, in 8 days. The price is now at the 9.47% retracement level.

Daily Technical Indicators: [See DE daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Candlestick pattern: [See DE candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.42
Williams' Percentage Range (W%R) 25.60
Lane's Stochastic (%D-Slow) 92.44
Strong Overbought
Greed/Fear Indicator (GFI) 73.10
Moving Average Converg./Diverg. (MACD) -3.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.64
Williams' Percentage Range (W%R) 64.70
Lane's Stochastic (%D-Slow) 16.96
Oversold
Greed/Fear Indicator (GFI) 32.40
Moving Average Converg./Diverg. (MACD) 4.72
Trading Signals
Description Value Chart
Upper Bollinger Band 153.88
50 Day Moving Average 149.61
Daily Stochastic Crossing 147.98
Price 147.32
Monthly Trendline Resistance 145.46
20 Day Moving Average 142.00
Weekly Stochastic Crossing 137.09
Parabolic System 135.17
Lower Bollinger Band 132.46
Monthly Trendline Support 126.14
Sector and Industry
Description Name Rank
Sector Industrial Goods 3
Industry Farm/Construction Machnry 50
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 131.26
Low Date 05/03/2018
High 149.00
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 131.26
Low Date 05/03/2018
High 149.00
High Date 05/11/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 145.46
Support 126.14
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 100.36
Support 80.07
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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