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Archive
- 11/8/2024 -
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Deere & Co. (DE) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Deere & Co. (DE). During the week, the DE dropped -6.30 points, or -1.57%, and closed at 394.10 on Friday, November 8, 2024. Weekly volume was -17% below average.
DE is a member of Industrials Sector. Industrials is the 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 450.00 on July 25, 2023. DE gained -436.22 points, or -3165.60%, in 1293 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (40.95) 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 July 25, 2023 at 450.00 and reached 340.20 on August 5, 2024. DE lost 109.80 points, or 24.4%, in 53 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (397.52). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See DE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since August 23, 2024. 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 August 5, 2024 at 340.20 and reached 420.47 on October 1, 2024. DE gained -80.27 points, or -23.59%, in 57 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (413.86) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.
Daily Technical Indicators: [See DE daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD 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.
The daily MACD line is below its signal line since October 2, 2024. The distance between MACD and the signal line is low and getting smaller.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is falling, and it was 4.36% on Friday. It is 55.13% lower than one year average. It indicates the period of low volatility of the stock price. 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.
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