Deere stock: buy or sell
Jan 25th, 2021
Deere stock brief
- After making all-time highs last Friday, Deere closed at $305.17 merely changing a -0.11%
- Vertical Research published a strong bullish rating for Deere last Wednesday, with a forecast of $345.00
- 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?
Currently, Deere stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $DE in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Deere stock?
When is it time to sell Deere?. As when we have to buy shares, determining when is appropiate time to sell is not a fickle decision, and we must follow our own trading strategy. When selling, as well as buying, detailed strategies are very simple to follow and are only applicable for selling stocks in your porfolio, not for shorting $DE stock
A golden rule is that you should never keep a trading operation that produces higher than expected losses by the time of the buy. The moment to sell shares should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Deere stock?
In the current situation of Deere there is not any eligible sell setup, so Deere stock holders with operations in green can keep their positions
In the last 30 days, 3 ratings were published for Deere. General sentiment is bullish, with 3 out of 3 posting optimistic forecasts
|Jan 12th, 2021|
|Robert W. Baird||Buy|
|Jan 15th, 2021|
|Jefferies Financial Group|| |
|Jan 20th, 2021|
|Vertical Research|| |
Deere stock analysis
Since in May 2020, Deere has been drawing an uptrend that by now marked a gorgeous 161.93%. During this uptrend, the price provided some entry points on the breakouts. Latest pullback was in early December, when price bounced at $249.82. In late December, Deere broke out above its last top ($265.11) offering a good buy point that resulted in a 15.11% gain
$DE at Highs
Deere did it again, and hit new all-time highs (ATH) last Friday at $306.96. It's the third time in the last 10 sessions, marking an important rally
Supports and resistances
Price is at all-time highs and there are not upper resistance levels.
The current supports are:
Relative strength index
Broke through the 70 level last Friday, marking a value of 71.25. Climbing above the overvalued zone is not a sell signal, as shares can climb during several weeks being in the overvalued zone
Deere stock price history
Deere started trading on Jun 1st, 1972 at $0.00 per share1. Since then, DE stock has risen by -, with an average of 0.00% per year. If you had invested $1,000USD in Deere stock at that time, it would be valued $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Deere stock
Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions publish their price predictions based on the stock price action and the company fundamental data. Most of these predictions follow the release of new fundamental information by the company, and usually. Again, these estimates are not direct recommendations for small investors and should not be trusted blindly.
The average price target for Deere stock calculated from the table below is $346.67. Deere closed at $305.17 last Friday, so the target price is predicting an increase by 13.60%.
|Brokerage firm||Price target|
|Jan 12th, 2021|
|Robert W. Baird||$300.00 → $345.00|
|Jan 15th, 2021|
|Jefferies Financial Group||$320.00 → $350.00|
|Jan 20th, 2021|
Earnings and financials
Last November, Deere ($DE) hosted the earnings event and released the report. Deere posted earnings of $2.39 per share on sales of $8.7 billion. The consensus earnings estimate was $1.49 per share on revenue of $7.7 billion.This compares to Earnings of $2.14 per share same quarter last year, so reported EPS means an increase of 11.68%. Looking at turnover, figures only changed compared to $98.8B same quarter last year.
Deere ($DE) is releasing Q1 earnings report mid next February. Expected for this quarter is $2.09, compared to $2.39 that was reported for Q4.
Important note:The comments given in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not know the specific situations of the reader, his or her finances 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 Viewpoints are expressed for education motives only
|Friday, January 22nd, 2021|
|Day range||$301.31 - $306.96|
|Average true range||$11.33|
|50d mov avg||$268.07|
|100d mov avg||$246.60|
|200d mov avg||$202.52|
|Earnings date||February 19th, 2021|