Deere stock: buy or sell

DE stock price: $353.56 0.01% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

1

Deere stock brief

  • Deere stock merely moved 0.01% to close at $353.56 on the stock market on Wednesday.
  • Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide.

Should I buy Deere stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $DE stock a buy?

In the current situation of Deere there is not any eligible buy setup. This doesn't mean we expect a selloff for $DE in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Deere stock?

"To sell or not to sell", if you are holding Deere shares?. Trading strategies prevent us from making rash decisions based on our moods or the noise surrounding the market. When selling, as well as buying, detailed setups are very simple to follow and are only applicable for selling shares in your porfolio, not for selling short $DE stock

A guiding principle is that you must never mantain an operation that yields greater losses than those expected by the time of purchase. The timing to sell shares must always be determined by the stop-loss (automatic or manual)

Is it time to sell Deere stock?

Currently, Deere stock doesn't match any of our preferred sell setups, so if you own Deere stock and your operation is in profit probably is not time to sell now

Deere ratings

We don't have any rating published in the last 30 days for Deere

Deere stock analysis

SMAs overview

DE stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $356.19 (0.74% above)
  • R2: $364.66 (3.14% above)
  • R3: $368.30 (4.17% above)
  • The current support levels are:

  • S1: $351.69 (-0.53% below)
  • S2: $349.63 (-1.11% below)
  • S3: $328.93 (-6.97% below)
  • Bollinger bands

    Since the price broke down the lower band on July 19, the price bounced off by 7.49%. The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks

    DE stock Bollinger Bands chart

    Relative strength index

    The RSI crossed up the oversold level of 30 in mid-June after just being in the oversold zone for a single day (what can be considered a strength sign). The RSI reading on Wednesday was 53.7. Deere price exploded a 7.75% since that level was surpassed

    DE stock RSI chart

    Deere stock price history

    Deere went public on Jun 1st, 1972 at $0.00 per share1. Since then, DE stock has risen by -, with an average of 0.00% per year. An investment of $1,000USD on Jun 1972 would be valued $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    DE stock price history chart

    Price target for Deere stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.

    The following table shows the price target released by analysts in the last month. If you are a small trader you must not trade based on these projections.

    In the previous 30 days we couldn't find any price target published for Deere stock.

    Earnings and financials

    Deere & Company ($DE) posted earnings of $5.68 per share last May, significantly improving the Market consensus estimate of $4.52 per share. This Q2 report means an earnings surprise of 25.66%. Forecasted turnover was $10.4 billion but Deere enhanced by 15.50%, reporting $12.1 billion.

    Compared to the same quarter one year ago, EPS was $2.11, so current EPS means a improvement of 169.19%. Revenue skyrocketed a 30.20% on an annualized basis in the , from $92.6B to $120.6B last quarter.

    Deere ($DE) is hosting the Q3 earnings call mid next August. Analysts estimate of $4.54, that is a 20.07% lower than previous quarter.

    Deere performance

    DE performance compared
    Company1m3m6m
    Deere ($DE) 0.80% -7.40% 23.70%

    Disclaimer:
    The opinions expressed in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not have an understanding of the individual scenarios of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for informational reasons only

    Deere summary

    Wednesday, July 28th, 2021
    Open$354.31
    Close$353.56
    Day range$351.11 - $356.88
    Previous close$353.52
    Session gain0.01%
    Average true range$9.31
    50d mov avg$349.76
    100d mov avg$361.88
    200d mov avg$318.32
    Earnings dateAugust 20th, 2021

    Frequently asked questions

    What is Deere stock symbol?

    Deere & Company is a public company trading in the US stock market with the DE symbol

    Is Deere stock a buy or sell?

    Deere had no ratings in the last 30 days Read the article to get additional tips on trading DE stock.

    Will DE go up?

    There were no forecasts posted by market analysts in the last month for Deere.