Deere & Co.
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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.