DEERE & COMPANY - Daily - Technical analysis published on 02/13/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 383.92 USD
My targets
413.61 USD (+5.33%)
439.11 USD (+11.83%)
My analysis
The bullish trend is currently very strong on DEERE & COMPANY. As long as the price remains above the support at 383.92 USD, you could try to benefit from the boom. The first bullish objective is located at 413.61 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 439.11 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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This analysis was given by DipFarda. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DEERE & COMPANY price is 392.67 USD. The price registered a decrease of -0.12% on the session and was between 387.32 USD and 399.73 USD. This implies that the price is at +1.38% from its lowest and at -1.77% from its highest.387.32
399.73
392.67
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DEERE & COMPANY in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 367.86 | 383.92 | 389.34 | 392.67 |
| Change (%) | -6.32% | -2.23% | -0.85% | - |
| Change | -24.81 | -8.75 | -3.33 | - |
| Level | Intermediate | Minor | Major | - |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 374.34 | 380.83 | 386.75 | 393.24 | 399.16 | 405.65 | 411.57 |
| Camarilla | 389.26 | 390.40 | 391.53 | 392.67 | 393.81 | 394.95 | 396.08 |
| Woodie | 374.06 | 380.69 | 386.47 | 393.10 | 398.88 | 405.51 | 411.29 |
| Fibonacci | 380.83 | 385.57 | 388.50 | 393.24 | 397.98 | 400.91 | 405.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 343.31 | 356.00 | 374.34 | 387.03 | 405.37 | 418.06 | 436.40 |
| Camarilla | 384.14 | 386.98 | 389.83 | 392.67 | 395.51 | 398.36 | 401.20 |
| Woodie | 346.13 | 357.41 | 377.16 | 388.44 | 408.19 | 419.47 | 439.22 |
| Fibonacci | 356.00 | 367.86 | 375.18 | 387.03 | 398.89 | 406.21 | 418.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 306.78 | 325.39 | 350.89 | 369.50 | 395.00 | 413.61 | 439.11 |
| Camarilla | 364.27 | 368.31 | 372.36 | 376.40 | 380.44 | 384.49 | 388.53 |
| Woodie | 310.24 | 327.11 | 354.35 | 371.22 | 398.46 | 415.33 | 442.57 |
| Fibonacci | 325.39 | 342.24 | 352.65 | 369.50 | 386.35 | 396.76 | 413.61 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.15 | |
| MACD (12,26,9): | 6.7200 | |
| Directional Movement: | 7.20 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 386.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 351.96 | |
| Elder Ray (13): | 11.77 | |
| Super Trend (3,10): | 362.24 | |
| Zig ZAG (10): | 392.67 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 88.41 | |
| TEMA (21): | 388.88 | |
| Williams %R (14): | -14.43 | |
| Chande Momentum Oscillator (20): | 20.43 | |
| Repulse (5,40,3): | 0.8800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 7.24 |
| MA7: | 383.38 | |
| MA20: | 376.87 | |
| MA50: | 364.69 | |
| MA100: | 355.25 | |
| MAexp7: | 386.45 | |
| MAexp20: | 378.18 | |
| MAexp50: | 368.55 | |
| MAexp100: | 362.15 | |
| Price / MA7: | +2.42% | |
| Price / MA20: | +4.19% | |
| Price / MA50: | +7.67% | |
| Price / MA100: | +10.53% | |
| Price / MAexp7: | +1.61% | |
| Price / MAexp20: | +3.83% | |
| Price / MAexp50: | +6.54% | |
| Price / MAexp100: | +8.43% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on DEERE & COMPANY at the time of the generation of this analysis was as follows:
- Users of John Deere Operations Center™ Can Integrate Their Data With FarmCommand Platform From Farmers Edge
- John Deere Acquires Majority Ownership in Kreisel Electric
-
John Deere Is Facing a Farmer Revolt
- Deere adds seven companies to its 2022 Startup Collaborator program
- Thinking about trading options or stock in Beyond Meat, Pfizer, Ford, Deere & Company, or Charles Schwab?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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