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Advanced TA SearchArchive
- 4/5/2024 -
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Deere & Co. (DE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a seventh positive week after 3 consecutive negative weeks for the Deere & Co. (DE). During the week, the DE climbed 1.80 points, or 0.44%, and closed at 412.54 on Friday, April 5, 2024. Weekly volume was -28% 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 (40.32) 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 (351.62) 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 April 2, 2024 at 402.24 and reached 413.92 on April 4, 2024. DE gained -11.68 points, or -2.90%, in 2 days. The price is now at the 11.82% retracement level.
 Daily Technical Indicators: [See DE daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since March 1, 2024. This is an indication that the short-term trend is up.
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