DEERE & COMPANY

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	DE
ISIN:

DEERE & COMPANY - 1H - Technical analysis published on 02/22/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

56%

17%

28%

My opinion

Bearish under 370.15 USD

My targets

343.65 USD (-3.76%)

315.54 USD (-11.63%)

My analysis

The bearish basic trend is very strong on DEERE & COMPANY but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 370.15 USD. Crossing the first support at 343.65 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 315.54 USD as an objective. Crossing it would then enable sellers to target 284.57 USD. Caution, a return to above the resistance located at 370.15 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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 bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

3.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DEERE & COMPANY rating is 357.06 USD. The price registered a decrease of -0.06% on the session with the lowest point at 353.15 USD and the highest point at 358.14 USD. The deviation from the price is +1.11% for the low point and -0.30% for the high point.

353.15

358.14

357.06

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DEERE & COMPANY:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of DEERE & COMPANY in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found this result concerning these indicators:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish doji star

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	243.10	284.57	343.65	357.06	358.28	376.22	380.61
Change (%)	-31.92%	-20.30%	-3.76%	-	+0.34%	+5.37%	+6.60%
Change	-113.96	-72.49	-13.41	-	+1.22	+19.16	+23.55
Level	Minor	Intermediate	Major	-	Major	Minor	Intermediate

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	350.83	352.64	354.97	356.78	359.11	360.92	363.25
Camarilla	356.15	356.53	356.91	357.29	357.67	358.05	358.43
Woodie	351.08	352.77	355.22	356.91	359.36	361.05	363.50
Fibonacci	352.64	354.23	355.20	356.78	358.37	359.34	360.92

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	315.54	336.90	348.79	370.15	382.04	403.40	415.29
Camarilla	351.54	354.58	357.63	360.68	363.73	366.78	369.82
Woodie	310.81	334.53	344.06	367.78	377.31	401.03	410.56
Fibonacci	336.90	349.60	357.45	370.15	382.85	390.70	403.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	347.31	361.77	377.67	392.13	408.03	422.49	438.39
Camarilla	385.23	388.01	390.80	393.58	396.36	399.15	401.93
Woodie	348.04	362.13	378.40	392.49	408.76	422.85	439.12
Fibonacci	361.77	373.36	380.53	392.13	403.72	410.89	422.49

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):	39.72
MACD (12,26,9):	-2.3600
Directional Movement:	-4.30
AROON (14):	-57.14
DEMA (21):	354.01
Parabolic SAR (0,02-0,02-0,2):	353.35
Elder Ray (13):	-0.24
Super Trend (3,10):	361.79
Zig ZAG (10):	356.64
VORTEX (21):	0.8900
Stochastique (14,3,5):	62.94
TEMA (21):	355.65
Williams %R (14):	-39.82
Chande Momentum Oscillator (20):	0.12
Repulse (5,40,3):	0.0000
ROCnROLL:	2
TRIX (15,9):	-0.1300
Courbe Coppock:	0.56

MA7:	365.81
MA20:	381.96
MA50:	385.66
MA100:	379.18
MAexp7:	356.50
MAexp20:	357.76
MAexp50:	364.54
MAexp100:	372.60
Price / MA7:	-2.39%
Price / MA20:	-6.52%
Price / MA50:	-7.42%
Price / MA100:	-5.83%
Price / MAexp7:	+0.16%
Price / MAexp20:	-0.20%
Price / MAexp50:	-2.05%
Price / MAexp100:	-4.17%

Quotes : - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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