The Greedy Trader Weekly Analysis
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Quarterly Price vs. Fibonacci:Near 61.8% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/10/2024 -
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Deere & Co. (DE) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a second consecutive positive week for the Deere & Co. (DE). During the week, the DE gained 6.93 points, or 1.73%, and closed at 407.89 on Friday, May 10, 2024. Weekly volume was -35% below average.

DE is a member of Industrials Sector. Industrials 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 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 (40.43) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 353.15 on February 22, 2024. DE lost 96.85 points, or 21.52%, in 30 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (350.34) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DE may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See DE weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since March 15, 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 May 1, 2024 at 383.77 and reached 411.69 on May 10, 2024. DE gained -27.92 points, or -7.28%, in 9 days. The price is now at the 13.61% retracement level.

Daily Technical Indicators: [See DE daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.23
Williams' Percentage Range (W%R) 4.30
Strong Overbought
Lane's Stochastic (%D-Slow) 89.13
Overbought
Greed/Fear Indicator (GFI) 81.03
Overbought
Moving Average Converg./Diverg. (MACD) 1.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.18
Williams' Percentage Range (W%R) 7.00
Strong Overbought
Lane's Stochastic (%D-Slow) 75.31
Greed/Fear Indicator (GFI) 74.67
Moving Average Converg./Diverg. (MACD) 0.89
Trading Signals
Description Value Chart
Upper Bollinger Band 411.65
Daily Stochastic Crossing 409.45
Price 407.89
Weekly Stochastic Crossing 404.33
20 Day Moving Average 398.50
50 Day Moving Average 394.74
Lower Bollinger Band 389.30
Parabolic System 386.95
Quarterly Trendline Resistance 371.37
Quarterly Trendline Support 350.34
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Agricultural & Farm Machinery 113
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 383.77
Low Date 05/01/2024
High 411.69
High Date 05/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 383.77
Low Date 05/01/2024
High 411.69
High Date 05/10/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 353.15
Low Date 02/22/2024
High 414.80
High Date 04/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 371.37
Support 350.34
High 450.00
High Date 07/25/2023
Low 353.15
Low Date 02/22/2024
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 202.82
Support 40.43
Low 13.78
Low Date 10/08/1998
High 450.00
High Date 07/25/2023
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.