Deere stock: buy or sell

DE stock price: $305.17 -0.11% At close on Jan 22nd, 2021

Updated on:
Jan 25th, 2021

2

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

Deere ratings

In the last 30 days, 3 ratings were published for Deere. General sentiment is bullish, with 3 out of 3 posting optimistic forecasts

Deere analysts' ratings - Last month
Brokerage firmRating
Jan 12th, 2021
Robert W. Baird Buy
Jan 15th, 2021
Jefferies Financial Group Strong buy
Jan 20th, 2021
Vertical Research Strong buy

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

SMAs overview

DE stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistance levels.

The current supports are:

  • S1: $265.11 (-13.13% below)
  • S2: $249.82 (-18.14% below)
  • S3: $242.70 (-20.47% below)
  • Bollinger bands

    DE stock Bollinger Bands chart

    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

    DE stock RSI chart

    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

    DE stock price history chart

    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%.

    Deere stock price predictions
    Brokerage firmPrice target
    Jan 12th, 2021
    Robert W. Baird $300.00$345.00
    Jan 15th, 2021
    Jefferies Financial Group $320.00$350.00
    Jan 20th, 2021
    Vertical Research $345.00

    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.

    Deere performance

    DE performance compared
    Company1m3m6m
    Deere ($DE) 14.40% 29.60% 73.40%

    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

    Deere summary

    Friday, January 22nd, 2021
    Open$302.89
    Close$305.17
    Day range$301.31 - $306.96
    Previous close$305.5
    Session gain-0.11%
    Average true range$11.33
    50d mov avg$268.07
    100d mov avg$246.60
    200d mov avg$202.52
    Earnings dateFebruary 19th, 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 received 3 ratings in the last 30 days: 3 bullish, 0 bearish and 0 neutral.

    Will DE go up?

    Deere had different price predictions issued by market analysts in the last 30 days setting the target price to $346.67. That is a 13.60% than the current price ($305.17).