The Greedy Trader Weekly Analysis
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Uptrend Exhaustion
Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend

Deere & Co. (DE)

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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaRelative Strength Index, Lane's Stochastic and MACD bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :
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It was a third consecutive positive week for the Deere & Co. (DE). During the week, the DE gained 6.77 points, or 2.69%, and closed at 258.56 on Friday, November 20, 2020. Weekly volume was -8% 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 265.87 on November 9, 2020. DE gained -252.09 points, or -1829.39%, in 1152 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (36.79) 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 October 4, 2011 at 59.92 and reached 265.87 on November 9, 2020. DE gained -205.95 points, or -343.71%, in 474 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (148.09) 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 medium-term trend.

Weekly Technical Indicators: [See DE weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Weekly 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 weekly 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. 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 weekly MACD line is above its signal line since May 29, 2020. This is an indication that the medium-term trend is up. 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 March 18, 2020 at 106.14 and reached 265.87 on November 9, 2020. DE gained -159.73 points, or -150.49%, in 236 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See DE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since November 5, 2020. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.72
Williams' Percentage Range (W%R) 20.90
Lane's Stochastic (%D-Slow) 68.80
Greed/Fear Indicator (GFI) 73.53
Moving Average Converg./Diverg. (MACD) 6.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.33
Overbought Bearish
Williams' Percentage Range (W%R) 8.40
Strong Overbought
Lane's Stochastic (%D-Slow) 78.11
Bearish
Greed/Fear Indicator (GFI) 77.72
Moving Average Converg./Diverg. (MACD) 18.74 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 270.66
Price 258.56
Daily Stochastic Crossing 255.65
Weekly Stochastic Crossing 253.26
Parabolic System 251.47
20 Day Moving Average 243.97
50 Day Moving Average 233.87
Lower Bollinger Band 223.12
Quarterly Trendline Resistance 215.39
Sector and Industry
Description Name Rank
Sector Industrials 10
Industry Agricultural & Farm Machinery 122
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 106.14
Low Date 03/18/2020
High 265.87
High Date 11/09/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 132.68
Low Date 05/20/2019
High 265.87
High Date 11/09/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 128.32
Low Date 10/29/2018
High 265.87
High Date 11/09/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 215.39
Support 148.09
Low 59.92
Low Date 10/04/2011
High 265.87
High Date 11/09/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 177.46
Support 36.79
Low 13.78
Low Date 10/08/1998
High 265.87
High Date 11/09/2020
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.

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