DEERE & COMPANY - 1H - Technical analysis published on 08/05/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 330.83 USD
My targets
344.72 USD (+0.72%)
365.16 USD (+6.69%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DEERE & COMPANY as long as the price remains well above 330.83 USD. The buyers' bullish objective is set at 344.72 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 365.16 USD. If there is any crossing, the next objective would be the resistance located at 385.39 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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Additional analysis
Quotes
The DEERE & COMPANY price is 342.27 USD. The price registered a decrease of -0.03% on the session and was between 337.32 USD and 343.22 USD. This implies that the price is at +1.47% from its lowest and at -0.28% from its highest.337.32
343.22
342.27
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DEERE & COMPANY chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 320.47 | 325.50 | 330.83 | 342.27 | 344.72 | 365.16 | 385.39 |
| Change (%) | -6.37% | -4.90% | -3.34% | - | +0.72% | +6.69% | +12.60% |
| Change | -21.80 | -16.77 | -11.44 | - | +2.45 | +22.89 | +43.12 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 329.77 | 333.25 | 337.81 | 341.29 | 345.85 | 349.33 | 353.89 |
| Camarilla | 340.17 | 340.91 | 341.64 | 342.38 | 343.12 | 343.85 | 344.59 |
| Woodie | 330.32 | 333.52 | 338.36 | 341.56 | 346.40 | 349.60 | 354.44 |
| Fibonacci | 333.25 | 336.32 | 338.22 | 341.29 | 344.36 | 346.26 | 349.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 289.02 | 300.47 | 321.82 | 333.27 | 354.62 | 366.07 | 387.42 |
| Camarilla | 334.16 | 337.17 | 340.17 | 343.18 | 346.19 | 349.19 | 352.20 |
| Woodie | 293.98 | 302.95 | 326.78 | 335.75 | 359.58 | 368.55 | 392.38 |
| Fibonacci | 300.47 | 313.00 | 320.74 | 333.27 | 345.80 | 353.54 | 366.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 242.19 | 263.00 | 303.09 | 323.90 | 363.99 | 384.80 | 424.89 |
| Camarilla | 326.43 | 332.02 | 337.60 | 343.18 | 348.76 | 354.35 | 359.93 |
| Woodie | 251.83 | 267.82 | 312.73 | 328.72 | 373.63 | 389.62 | 434.53 |
| Fibonacci | 263.00 | 286.26 | 300.64 | 323.90 | 347.16 | 361.54 | 384.80 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.61 | |
| MACD (12,26,9): | 2.1200 | |
| Directional Movement: | 0.48 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 342.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 335.68 | |
| Elder Ray (13): | 1.30 | |
| Super Trend (3,10): | 335.18 | |
| Zig ZAG (10): | 342.54 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 78.43 | |
| TEMA (21): | 342.51 | |
| Williams %R (14): | -21.65 | |
| Chande Momentum Oscillator (20): | 4.72 | |
| Repulse (5,40,3): | 1.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 3.82 |
| MA7: | 338.23 | |
| MA20: | 318.64 | |
| MA50: | 323.76 | |
| MA100: | 360.02 | |
| MAexp7: | 342.13 | |
| MAexp20: | 340.11 | |
| MAexp50: | 334.97 | |
| MAexp100: | 327.29 | |
| Price / MA7: | +1.19% | |
| Price / MA20: | +7.42% | |
| Price / MA50: | +5.72% | |
| Price / MA100: | -4.93% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.64% | |
| Price / MAexp50: | +2.18% | |
| Price / MAexp100: | +4.58% |
Quotes :
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15 min delayed data
-
NYSE Stocks
News
The last news published on DEERE & COMPANY at the time of the generation of this analysis was as follows:
- John Deere invests in Hello Tractor
- Felecia Pryor Joins Deere & Company as Senior Vice President & Chief People Officer
- Deere Announces Senior Leadership Changes including Ryan Campbell as President, Worldwide Construction & Forestry; Raj Kalathur as CFO
- Deere & Company Raises Dividend Eight Percent
- Deere Reports Second Quarter Net Income of $2.098 Billion
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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