DE Bull RunPurely Price action / Structural analysis. DE is refueling after a strong Macro Rally. At this point in time DE is nearing the end of its Correction and is preparing for its next bullish rally. Price target is $418+ NYSE:DE
1DE trade ideas
$DE with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:DE after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 25%.
$DE no ideaDE is super extended. a pullback to the demand zone could be a good consolidation and push up zone
$DE in a parallel downtrendNYSE:DE in a parallel downtrend. the 20 day is below the 50 day moving average another signal of a downtrend and below the 200 day moving average. Weekly chart shows the same. Weekly chart has support at the 200 weekly moving average.
DE traders buy on favorable earningsDeere 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 a lower VWAP
for support. At the middle of this past week, DE made its reversal move into a trend up. This
was accompanied by a change in the volume to predominantly buying volumes relatively high
compared with the period before the earnings. This surge of volume of sorts is the fuel for
upward price action. The zero-lag MACD indicator shows moving average divergence Price is
breaking out of the channel moving towards the mean VWAP and POC line of the volume profile.
demonstrating bullish momentum. Accordingly, I see DE as well setup for a long trade.
( SL $345 pivot low TP1 $400 ( 1 std above mean VWAP ) TP2 $420 ( 2 std above mean VWAP)
DE - Horizontal Periods Leading to UpsidesDE 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
Chart Update : DEThe 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.
DE - looks temptingThe 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 leader in their space, switching costs are high, demand for products in their sector will continue to grow, and replacement demand can only be postponed temporarily. The management team seems to have navigated adversity well, which is critical with geopolitical tensions running hot.
DE has a history of volatility around earnings releases and outlook for industrials is influenced by monetary policy. The industrials surged 26% from the September lows to the March highs. They corrected sharply after the March FOMC and their recovery pulled back again when the ISM manufacturing PMI came in below forecast. DE's price movements coincide with its index, but it typically outperforms the S&P, where the index tends to underperform the S&P.
In this chart we see that movement into the lower portion of the rising channel are an infrequent and rewarding opportunity. Momentum and lack of meaningful company updates suggests that the current downtrend will follow the industrial index and that we may see such an opportunity. I will take any opportunity that I see near the center of the blue circled area and then likely take some profit above the solid green trendline. I've drawn a fib time zone that starts with the April 2022 drawdown. It has aligned with major price reversals and has an upcoming marker in May in between the FOMC and earnings.
Deere and Co Continues to Meet with Gravity. DEABCD 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 relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Weekly Levels : $DENext Support and Resistance Area for $DE
Identified on the chart the next possible Support and Resistance, where the price will exit this trading range.
Will Deere Start Running Again?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 relatively extended the last time it challenged resistance. But this time it’s rested, which could make some traders expect a breakout.
Third, you have the pair of bullish gaps in November and February after quarterly results beat estimates. That could suggest investors have a positive fundamental view.
Fourth, MACD has turned higher in recent weeks.
Finally, prices are bouncing at their 50- and 100-day simple moving averages (EMA). The eight-day EMA has also crossed back above the 21-day EMA, a potential sign of short-term momentum shifting toward the bulls.
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TBox for $DEEMAs 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.
$DE with a bullish outlook following its earnings #StocksThe 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%.
Beginning Wave V of Impulse off July LoEnd 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 wave V is realized then it would be proceeded by a corrective wave to apprx. the wave IV low (in this case it would wait and fill gap down then and not now).
Highly recommended stock long-term based on my research on the company, IBD has 448.50 as the Buy-Point. DE impressed on earnings on Feb. 17, which can act as near-term catalyst if buyers pile in on this 0.618 pullback.
Not Financial Advice, but this is a Buy atm.
Oh dear, did you miss Deere & Co ?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.
DE Stock to watch 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.
Bull flag breakout on Deere and CompanyBull flag breakout on Deere and Company. I will wait to see if there is a retest of the upper trendline which was acting as resistance
DE Deere & CoDE (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....
Ag Sector (DE and AGCO) trading inline with Ag Commodity FuturesThe 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 years of Bullish Commodity Markets and Inflationary driven markets just as they have done since the 2020 lows. But just like Ag Futures, the stocks rise Fast and Fall hard. If the Funds decide to leave one (either equities or futures), the other seems to follow lower.
$DE - tightening upAgri name $DE tightening up, readying for move higher. Trading near all time highs. Stock is at important level on long term weekly chart.
$DE setting up$DE trendline and horizontal pivot confluence as it tries to resume its uptrend from its 50 MA
$DE to 330$?Hello dear Traders,
Here is my idea for #DE
Price closed below yellow line (previous month low)
Targets marked in the chart (green lines)
Invalidation level marked with red line
Good luck!
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DE SELL+++++I would add on any upward trend every $5 in share price. DE is overextended and approaching a double top. I would expect a correction to fill the gap at $40.235 and $387 is cloud support.
