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Uptrend SupportArchive
- 1/10/2025 -
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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 -13.60 points, or -3.22%, and closed at 408.60 on Friday, January 10, 2025. Weekly volume was -10% 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 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 (85.49) 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 August 5, 2024 at 340.20 and reached 469.40 on November 25, 2024. DE gained -129.20 points, or -37.98%, in 16 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (412.05) line. The support is usually stronger when technical indicators are oversold. 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 support 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. 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 December 20, 2024 at 436.50 and reached 403.00 on January 10, 2025. DE lost 33.50 points, or 7.67%, in 21 days. The price is now at the 16.72% retracement level.
 Daily Technical Indicators: [See DE daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Relative Strength Index and MACD have bullish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and 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. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since December 9, 2024. This is an indication that the short-term trend is down.
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