Deere stock: buy or sell

DE stock price: $375.60 1.44% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

1

Deere stock brief

  • Deere stock moved up 1.44% to close at $375.60 on the stock market on Wednesday.
  • Deutsche Bank Aktiengesellschaft, Morgan Stanley and Wolfe Research published buy ratings for Deere last Monday, with an average target of $412.33
  • Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide.

Should I buy Deere stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 matches one trading strategy:

ATH buy setup

All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at ATHs is that price doesn't have upper resistances, and usually it rises rapidly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is always important. Price is now at 4.22% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $391.46. The stop loss would be placed at $352.31

Buy setupBuy pointStop lossRisk
ATH buy setup$391.46$352.3110.00%

Should I sell Deere stock?

Do you know when is it time to sell Deere stock?. Trading strategies allow us to avoid impetuous decisions based on our personal sentiments or the noise surrounding the market. When selling, as well as buying, our setups are very simple to use but are only applicable for selling shares you already own, not for selling short $DE stock

As a rule of thumb, you should not hold an open trade that produces greater losses than those expected upon the buy. When to sell shares must always be determined 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 month, 6 ratings were published for Deere. General sentiment is bullish, with 4 out of 6 posting optimistic forecasts

Deere analysts' ratings - Last month
Brokerage firmRating
Apr 12th, 2021
Morgan Stanley Buy
Wolfe Research Buy
Apr 13th, 2021
Deutsche Bank Aktiengesellschaft Neutral
Apr 19th, 2021
Deutsche Bank Aktiengesellschaft Neutral
Morgan Stanley Buy
Wolfe Research Buy

Deere stock analysis

SMAs overview

DE stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $386.06 (2.78% above)
  • R2: $391.46 (4.22% above)
  • The current supports are:

  • S1: $352.60 (-6.12% below)
  • S2: $306.21 (-18.47% below)
  • S3: $278.27 (-25.91% below)
  • Bollinger bands

    The price is trading near to the upper Bollinger band, indicating 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 dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 55.7. Deere price inched down a 1.02% since RSI lost the overbought zone

    DE stock RSI chart

    Deere stock price history

    Deere went public on Jun 1st, 1972 priced 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 worth $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 share will be priced in the future. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.

    Along with buy or sell recommendations, financial institutions post their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental information by the company, and many times. If you are a small investor you shouldn't invest based on these price targets.

    Averaging all price targets exposed below, the forecasted price for Deere stock is $409.80. That is a 9.11% than the current price ($375.60).

    Deere stock price predictions
    Brokerage firmPrice target
    Apr 12th, 2021
    Morgan Stanley $394.00$410.00
    Wolfe Research Not available
    Apr 13th, 2021
    Deutsche Bank Aktiengesellschaft $360.00$402.00
    Apr 19th, 2021
    Deutsche Bank Aktiengesellschaft $360.00$402.00
    Morgan Stanley $394.00$410.00
    Wolfe Research $425.00

    Earnings and financials

    Deere & Company ($DE) posted quarterly earnings of $3.87 per share last February, strongly upping the Market consensus estimate of $2.16 per share. This quarterly report represents an earnings surprise of 79.17%. Forecasted revenue was $7.2 billion but Deere improved by 11.66%, posting $8.1 billion.

    Compared to the same quarter last year, EPS was $1.63, so reported EPS is a gain of 137.42%. Revenue skyrocketed a 19.50% on an annualized basis in the , from $76.3B to $91.1B last quarter.

    Deere ($DE) is hosting the quarterly earnings call mid next May. Market predicts of $4.44, compared to previous quarter that made $3.87.

    Deere performance

    DE performance compared
    Company1m3m6m
    Deere ($DE) 2.50% 24.70% 57.50%

    Disclaimer:
    The opinions written in this article are personal and not recommendations for you to buy or sell shares. The author of this article does not have an understanding of the individual positions 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 Comments are expressed for educative purposes only

    Deere summary

    Wednesday, April 21st, 2021
    Open$370.71
    Close$375.6
    Day range$367.35 - $375.83
    Previous close$370.27
    Session gain1.44%
    Average true range$7.04
    50d mov avg$356.66
    100d mov avg$316.81
    200d mov avg$263.69
    Earnings dateMay 21st, 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 6 ratings in the last 30 days: 4 bullish, 0 bearish and 2 neutral.

    Will DE go up?

    Deere had different price predictions issued by analysts in the last month forecasting the target price to $409.80. That is a 9.11% than the last price ($375.60).