DEERE & COMPANY - Daily - Technical analysis published on 10/07/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 166.02 USD
My targets
171.49 USD (+2.27%)
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 166.02 USD. The buyers” bullish objective is set at 171.49 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DEERE & COMPANY rating is 167.69 USD. The price has increased by +1.74% since the last closing and was between 164.15 USD and 167.78 USD. This implies that the price is at +2.16% from its lowest and at -0.05% from its highest.164.15
167.78
167.69
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DEERE & COMPANY:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 155.94 | 158.65 | 166.02 | 167.69 | 171.49 |
| Change (%) | -7.01% | -5.39% | -1.00% | - | +2.27% |
| Change | -11.75 | -9.04 | -1.67 | - | +3.80 |
| Level | Minor | Minor | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 157.32 | 158.96 | 161.90 | 163.54 | 166.48 | 168.12 | 171.06 |
| Camarilla | 163.57 | 163.99 | 164.41 | 164.83 | 165.25 | 165.67 | 166.09 |
| Woodie | 157.96 | 159.29 | 162.54 | 163.87 | 167.12 | 168.45 | 171.70 |
| Fibonacci | 158.96 | 160.71 | 161.79 | 163.54 | 165.29 | 166.37 | 168.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 158.30 | 160.16 | 162.83 | 164.69 | 167.36 | 169.22 | 171.89 |
| Camarilla | 164.26 | 164.67 | 165.09 | 165.50 | 165.92 | 166.33 | 166.75 |
| Woodie | 158.71 | 160.36 | 163.24 | 164.89 | 167.77 | 169.42 | 172.29 |
| Fibonacci | 160.16 | 161.89 | 162.96 | 164.69 | 166.42 | 167.49 | 169.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 136.04 | 142.71 | 155.69 | 162.36 | 175.35 | 182.02 | 195.00 |
| Camarilla | 163.28 | 165.08 | 166.88 | 168.68 | 170.48 | 172.28 | 174.09 |
| Woodie | 139.20 | 144.29 | 158.85 | 163.94 | 178.51 | 183.60 | 198.16 |
| Fibonacci | 142.71 | 150.22 | 154.85 | 162.36 | 169.87 | 174.51 | 182.02 |
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): | 60.82 | |
| MACD (12,26,9): | 2.4800 | |
| Directional Movement: | 4.86 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 166.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 169.83 | |
| Elder Ray (13): | 1.20 | |
| Super Trend (3,10): | 158.82 | |
| Zig ZAG (10): | 167.69 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 47.16 | |
| TEMA (21): | 167.88 | |
| Williams %R (14): | -26.25 | |
| Chande Momentum Oscillator (20): | 3.07 | |
| Repulse (5,40,3): | 3.4100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2500 | |
| Courbe Coppock: | 4.18 |
| MA7: | 165.98 | |
| MA20: | 164.36 | |
| MA50: | 157.99 | |
| MA100: | 155.96 | |
| MAexp7: | 165.71 | |
| MAexp20: | 163.44 | |
| MAexp50: | 160.21 | |
| MAexp100: | 158.25 | |
| Price / MA7: | +1.03% | |
| Price / MA20: | +2.03% | |
| Price / MA50: | +6.14% | |
| Price / MA100: | +7.52% | |
| Price / MAexp7: | +1.19% | |
| Price / MAexp20: | +2.60% | |
| Price / MAexp50: | +4.67% | |
| Price / MAexp100: | +5.97% |
News
The last news published on DEERE & COMPANY at the time of the generation of this analysis was as follows:
- Deere Report Highlights Unique Position to Deliver Sustainable Outcomes
- Deere & Company Board Elects John May as CEO and Board Member
- Deere & Company Announces Quarterly Dividend
- Deere Reports Third-Quarter Net Income of $899 Million
- Deere & Company Announces Quarterly Dividend
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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