Deere Company had favorable earnings in May reporting quarterly earnings of about 3.5 % on
their share's market price. DE is a blue-chip industrial sector stock comparable to CAT. It not
a fast mover but very suitable for options trading or investment. On the 4H chart DE had been
trending down through earnings in a descending parallel channel and relying on...
DE on this daily chart shows long horizontal movement.
The first horizontal section led to an upside so its natural to assume that the second one will also lead to upsides.
Bullish
The last wave started on July 22 is moving with pullbacks at the fib level of 0.618 even so was unable to break above the weekly level of $447.8.
On the downside I see $327.37 as key level for a strong support.
The recent pullback for NYSE:DE looks tempting, but I'm not adding right now. I will monitor price until we get in between the FOMC and earnings in May. I'm eying anything between 347-360 as a strong opportunity to accumulate.
DE is a core holding for me. They have strong dividend growth, low payout ratio, and a strong history of earnings beats. They are a...
ABCD completed, reverse confirmed by break of trendline. Fibonacci for incoming retracement, and it already looks like this was an early catch.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where...
Next Support and Resistance Area for $DE
Identified on the chart the next possible Support and Resistance, where the price will exit this trading range.
Industrial stocks have outperformed in the past month. Today’s chart examines a big name in the sector: farm-equipment maker Deere.
First consider the high basing pattern above $400 so far in 2023. It’s a higher low than the troughs of July and September, potentially establishing new support near the previous all-time high from last April.
Next, DE was...
EMAs are moving in a small range with negative price action.
A break should come soon.
On the long side there are no reference. On the short side there are more levels.
The PEAD projected a bullish outlook for $DE after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%.
End goal is 506-510 by as early as April, but more likely May
Near term there is a decision point at 434 that will at least be tested for breakout in the coming weeks. If it breaksout expect 450, then pullback to test 434 for support, then finally move to low 500s.
Risk is definitely present with the possibility of filling gap down to 404.97; however, assume ...
The weekly chart looks impressive with a strong rally since March 2020....
It is now in a peak zone where the probability of it retracing to 397 price level is quite high.
Once it reaches there, wait for bullish signal before going LONG. If it falls further to 284 to 321, that would be much more attractive price to get in.
Accuracy in direction. I started with penny stocks then forex. Through it all I stuck with reading the charts and understanding it. I've used tradeview as a diary for myself.
DE is a stock to watch. Showing relative strength in a strong sector. Like it long in the green box with targets at the recent high and Fib extensions above. Aggressive stop would be just below green box. Longer term holders could use the 618 Fib RT on a deeper pull back.
DE (Deere & Co aka John Deer) is seeing a correction move lower off its recent highs. Momentum lower will target the $400 to $350 area. Risk Identified between $300 and $250. A sustained move above the November high at $448.40 would challenge the Bears....
The peak highs in DE and AGCO during bullish markets tend to coincide with the highs in Corn Futures.
DE (Deer & Co) and AGCO are attractive growth and dividend paying stocks that do well in steady to strong economies even without strong Ag futures markets because of their exposure to the construction and infrastructure sectors . They tend to over-perform in...
