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Deere & Co. |
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Deere & Co. (DE). During the week, the DE gained 6.07 points, or 4.04%, and closed at 156.40 on Friday, October 05, 2018. It was the best weekly gain since May 18, 2018. Weekly volume was 10% above 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 175.26 on February 16, 2018. DE gained -161.48 points, or -1171.84%, in 1010 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (81.49) 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 February 16, 2018 at 175.26 and reached 131.26 on May 3, 2018. DE lost 44.00 points, or 25.11%, in 10 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (132.81) 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 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 weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since September 7, 2018. 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 17, 2018 at 132.32 and reached 159.30 on October 4, 2018. DE gained -26.98 points, or -20.39%, in 48 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 153.25 and resistance is at 165.43. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
 Daily Technical Indicators: [See DE daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily MACD has bearish 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 bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
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.
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