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Downtrend Broken Resist.Archive
- 12/13/2024 -
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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 gave back -3.60 points, or -0.81%, and closed at 440.40 on Friday, December 13, 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 469.40 on November 25, 2024. DE gained -455.62 points, or -3306.39%, in 1363 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (85.30) 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 November 13, 2024 at 387.00 and reached 469.40 on November 25, 2024. DE gained -82.40 points, or -21.29%, in 1 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (460.46) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DE may retest the broken support line. It is considered to be a resistance 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 support 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. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend 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 downtrend had started on November 25, 2024 at 469.40 and reached 437.00 on December 13, 2024. DE lost 32.40 points, or 6.90%, in 18 days. The price is now at the 10.49% retracement level.
 Daily Technical Indicators: [See DE daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
The price is close to 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.
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