$DE Triple Top: Broken Rising Channel, Bearish RSI DivergenceSee Callouts. Buying $162.5 Strike Puts 10/11 expiration. Goodluck!
1DE trade ideas
Giving DE Short another shot!It doesn't get much more clear as the line in the chart above. We are right at resistance in my most despised trade war stock, DE. The reluctance for this stock to roll over despite tons of bad news, terrible earnings and terrible guidance has been uncanny. I think DE is especially vulnerable here with no good news in the trade war in sight. Let's short DE here.
Short @ 152.60
Target 1: $146
Target 2: 141
Stop on a an hourly closing basis through the drawn line (about ~$1 higher).
DEERE & CO CARRIES A LOT OF RISK INTO EARNINGS AGRICULTURE & CHINA CONTINUE TO WEIGH ON NYSE:DE THE TRADE DISPUTE IS HITTING THEM FROM BOTH SIDES, AND TO THE CURRENCY ISSUES THE FUTURE IS NOT TO BRIGHT FOR INVESTORS.
$DE #John Deere ShortCurrently in a long put debit spread. Looking to tag bottom of bollinger.
With the current trade war, and farmers being hammered in the midwest, we have technical analysis supporting the bearish macro narrative. Tough year on farmers, isn't the year they are going to be making investments in new big AG equipment.
Trading it short while also COLLECTING time premium. So there is no option decay - you actually get a small gain because of this.
John Deer DE double top and divergenceInteresting chart on DE its been toying with the top at around $170 for a while and pushing up to it today again. The MACD shows we should be down around $165. Not a big move down, bu the AUg 9 expiration 165 puts are at under a dollar so we'll grab a few for a pullback next week.
Deere ascending wedge upward breakoutDeere has surged upward through both recent highs and the top of its ascending wedge today. I don't love entering when it's so overbought and we're still 4 days away from the corner of the wedge, so I will hope for an oscillation downward. (But oh, the FOMO! Maybe I'll enter if we hold above the wedge and also close a bar above the Hull Moving Average.)
Deere poised for multi year breakout above $170 It's just a matter of time before it breaks so have your orders placed, earnings is still a few weeks away so we are of the opinion that this could happen in the next few days if not hours.
Long ATM Straddle John Deere with LOW IVR = CHEAPWe purchased an at the money straddle for a small debit of only 3.22. This trade is notably cheap because the IVR is extremely low: 2%. Being a long straddle (buying the calls and puts at 165), we are giving ourself unlimited profit, risking a limited $322 per contract.
We take our neutral position because of the positive characteristics of the trade itself, but the fundamental conditions further our thought. With an equity value of over 51 billion, John Deere is a company with significantly large exposure to China, and Chinese trade tensions. Also, interest rates have a somewhat direct effect on the profitability of this corporation. Financial Services comprises 9.2% of Deere's market cap, so as cuts in July become more of a reality, the profitability of the Financial Services division will be affected, possibly drastically. Lower rates mean lower borrowing costs for Deere, and could cause the stock to move outside of the breakevens to lead to profits.
Also, the technicals indicate the high possibility of large movements prior to maturity. The RSI, MFI and Stochastics all indicate an overbought sentiment, and the DMI DI+ and DI- indicate change in direction. The PSaR also has recently switched direction.
DE - Bull Put Credit SpreadPA sell off last few days to Mid BB%
Daily RSI Oversold after recent decline.
Found S&R at 160 level. Looking for consolidation and then reversal to mean back higher.
Aiming for 160/155 Put Credit & 165 Call option for Directional bias higher.
Exp Aug 16 (...but selling to close in Profit well before that.! )
Good Luck - Watch YOUR RISK
Short DE double topLooking to short DE at the double top here.
If the meeting later this friday goes bad against the china deal. I think this stock will take a huge beating, especially if china retaliate with another tariff against our agricultural sector.
Short Entry 169.50
stop 172
exit 160
Shorting Deere's (DE) dead cat bounce!In the middle of May, Deere reported earnings during what was a massive cascading sell-off in its stock. Their main issues for poor guidance were the China tariffs and the fact that they had begun to hurt the revenues of farmers and therefore the machinery that Deere sold to farmers. The stock took yet another spill after earnings and managed to bottom around $132 before embarking on an impressive 17% rally in 20 trading sessions.
Today, at the top of this rally, Baird came out and upgraded the stock! I believe this is a prime example of analysts being late to the party as the upgrade has forced the stock to rally right into previous support (now resistance in the 154-155.50 level. The China situation has only gotten worse and farmers continue to struggle despite Trump's many attempts to inject cash into their pockets.
I believe we can short DE between 153.50 and 155.50 with the following parameters:
Target 1: $147
Target 2: $132
Stop: 158
Picture perfect Elliott WaveDeere & Co has just broken out of a multi-year consolidation, which to me is bullish. My analysis would suggest that we are most definitely in the 5th wave and maybe even a 5th of a 5th so caution is the order of the day. My count on this 5th wave which started in 2009 is doubtful but possible. However, EW suggests that the boundary of the parallel channel could be the final destination for the 5th wave. Interesting times indeed.
$DE Bearish earnings report, profits down, outlook downbeat.Things are not going to get any better for DE, the meeting with Trump and Xi can not come quick enough for them. Sales have declined and the outlook looks bleak, uncertainly has also crippled the stock of most heavy machinery and industrial equipment makers since the trade war began. China is for sure a massive concern for investors but also the impact on its USA agricultural market. Farmer have reduced spending significantly and that has no signs of changing. Add to this the Dollar strength and worries of worldwide growth, investors loyalty will be tested in they weeks to come.
Ticker symbol DEERE Takes a Tumble To Expected Price TargetSometimes you have to have patience and a strong resolve to remain in a market. For those of you who shorted this market to current price you did well. Something in the 143s would be next but remember you now have a gap to fill. Target is 141ish.
$DE Rangebound - Near Term Bullish$DE Rangebound - Near Term Bullish, RSI Bottoming
Near term target - $167.00
SL - $154.50
Note: Informational, not investment advice.
$DE This pullback in industrial's could be a opportunity.DEERE HAD JUST HIT A 52 WEEK HIGH WHEN SENTIMENT TURNED AGAINST THE SECTOR. SINCE THEN SOME SELLING HAS TAKING CONTROL BUT THIS COULD BE A PERFECT BUYING OPPORTUNITY HEADING INTO EARNINGS. WE AWAIT A CHANGE IN SENTIMENT AND MORE POSITIVE PRICE ACTION AND INDICATORS TO CONSIDER A LONG. DEERE IS QUITE DEPENDENT ON A RESOLUTION TO THE TRADE TENSIONS WITH CHINA SO ANY NEGATIVE NEWS ITS A SHORT.
Deere And Co Pattern Gives Bearish BiasThe widest part of the pattern projected downward provides a potential profit target. The key word here being "potential" as targets may be exceeded, reached, half way reached or not at all. I give this a bearish thumbs up.
$DE Rising Wedge Breakdown - Disappointing Earnings LW$DE Rising Wedge Breakdown - Disappointing Earnings LW
Near term target - $145-$150 range
Note: Informational analysis, not investment advice.
$DE Bearish Seeing lower highs for DE relative strength. With a rising wedge, i can't help but see a bearish scenario here.
