Deere stock: buy or sell
Jul 29th, 2021
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
We don't have any rating published in the last 30 days for Deere
Deere stock analysis
Supports and resistances
The current resistance levels are:
The current support levels are:
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
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
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 $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Deere stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.
The following table shows the price target released by analysts in the last month. If you are a small trader you must not trade based on these projections.
In the previous 30 days we couldn't find any price target published for Deere stock.
Earnings and financials
Deere & Company ($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.
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
|Wednesday, July 28th, 2021|
|Day range||$351.11 - $356.88|
|Average true range||$9.31|
|50d mov avg||$349.76|
|100d mov avg||$361.88|
|200d mov avg||$318.32|
|Earnings date||August 20th, 2021|