Deere & Co. Technical Analysis (NYSE:DE)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Deere & Co. stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the DE stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Deere & Co.. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Deere & Co. stock analysis.
Deere & Co. Moving Average
Moving averages show the DE stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $140.55 is above the last closing price of $137.35 and the 50 day moving average of $143.05 is above the last closing price of $137.35. The 10 and 20 day periods can predict short term moving average trends.
Deere & Co. Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the DE stock. Currently the stock price of $137.35 is in the lower range of Deere & Co. bollinger bands.
Deere & Co. Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Deere & Co. MACD indicator is below 0 indicating a bearish trend.
Deere & Co. Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of DE stock is 39.05.