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Deere & Company Technical Analysis - Deere & Company Trading: 2022-08-22
Deere & Company Technical Analysis Summary
Above 373.17
Buy Stop
Below 353.18
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Neutral |
| Donchian Channel | Buy |
| MA(200) | Buy |
| Fractals | Sell |
| Parabolic SAR | Buy |
Deere & Company Chart Analysis
Deere & Company Technical Analysis
The technical analysis of the Deere stock price chart on 4-hour timeframe shows #S-DE,H4 retraced down toward the 200-day moving average MA(200) after hitting twelve-week high three days ago. We believe the bullish momentum will resume after the price breaches above the upper Donchian boundary at 373.17. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower Donchian bound at 353.18. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (353.18) without reaching the order (373.17), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Deere & Company
Deere Q2 profits missed estimates while sales rose. Will the Deere stock price continue advancing?
Deere & Company, Inc is a United States corporation that manufactures agricultural machinery and heavy equipment. Its market capitalization is $112.9 billion. The stock is trading at P/E ratio (Trailing Twelve Months) of 19.29 currently, company’s revenue (ttm) was $48.3 billion, while the Return on Assets (ttm) was at 6.4% and Return on Equity (ttm) at 35.39%. Deere reported net earnings of $1.88 billion for the quarter ended July 31, below analysts’ estimates of $2.04 billion. However, sales of $13.0 billion beat analysts’ projections of $12.78 billion. Total costs and expenses rose 24.4% year over year, resulting in quarterly earnings missing expectations despite strong sales. The company revised its full-year net income guidance to between $7.0 billion and $7.2 billion, down from its previous outlook of $7.0 billion to $7.4 billion. Deere shares edged up 0.45%, or $1.67, to $369.66 on Friday.
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