The Greedy Trader Weekly Analysis
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Deere & Co.
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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaBroken trend resistance line
Daily :Price has crossed below the 50 Day Moving AverageA Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was the negative week for the Deere & Co. (DE). During the week, the DE gave back -0.86 points, or -0.54%, and closed at 158.15 on Friday, March 15, 2019. Weekly volume was -33% below average.

DE is a member of Industrial Goods Sector. Industrial Goods is the second most overbought 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 (83.00) 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 uptrend had started on October 29, 2018 at 128.32 and reached 167.82 on February 25, 2019. DE gained -39.50 points, or -30.78%, in 17 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 146.94 and resistance is at 168.70. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See DE weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since November 23, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 March 12, 2019 at 161.00 and reached 156.96 on March 14, 2019. DE lost 4.04 points, or 2.51%, in 2 days. The price is now at the 29.46% retracement level.

Daily Technical Indicators: [See DE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since February 6, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (159.7) comes close to the price (158.15). It indicates that the trend is getting weaker. 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.61
Williams' Percentage Range (W%R) 72.90
Lane's Stochastic (%D-Slow) 30.96
Greed/Fear Indicator (GFI) 30.22
Moving Average Converg./Diverg. (MACD) 0.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.98
Williams' Percentage Range (W%R) 25.80
Lane's Stochastic (%D-Slow) 75.87
Greed/Fear Indicator (GFI) 68.19
Moving Average Converg./Diverg. (MACD) 3.30
Trading Signals
Description Value Chart
Monthly Trendline Resistance 168.70
Upper Bollinger Band 166.11
Weekly Stochastic Crossing 163.97
20 Day Moving Average 161.11
50 Day Moving Average 160.21
Parabolic System 159.70
Price 158.15
Daily Stochastic Crossing 157.16
Lower Bollinger Band 154.83
Monthly Trendline Support 146.94
Sector and Industry
Description Name Rank
Sector Industrial Goods 8
Industry Farm/Construction Machnry 70
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 161.00
High Date 03/12/2019
Low 156.96
Low Date 03/14/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 167.82
High Date 02/25/2019
Low 155.54
Low Date 03/07/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 168.70
Support 146.94
Low 128.32
Low Date 10/29/2018
High 167.82
High Date 02/25/2019
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 100.70
Support 83.00
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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