How the price action of Deere ($DE) is used to our Advantage
October 31, 2023, 13:45 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DE
- Buy DE slightly over 355.84 target 386.34 stop loss @ 354.81 Details
The technical summary data tells us to buy DE near 355.84 with an upside target of 386.34. This data also tells us to set a stop loss @ 354.81 to protect against excessive loss in case the stock begins to move against the trade. 355.84 is the first level of support below 365.09 , and by rule, any test of support is a buy signal. In this case, support 355.84 would be being tested, so a buy signal would exist.
- Short DE slightly under 386.34, target 355.84, stop loss @ 387.46 Details
The technical summary data is suggesting a short of DE as it gets near 386.34 with a downside target of 355.84. We should have a stop loss in place at 387.46though. 386.34 is the first level of resistance above 365.09, and by rule, any test of resistance is a short signal. In this case, if resistance 386.34 is being tested, so a short signal would exist.
Swing Trading Plans for DE
- Buy DE slightly over 371.29, target 386.34, Stop Loss @ 370.22 Details
If 371.29 begins to break higher, the technical summary data tells us to buy DE just slightly over 371.29, with an upside target of 386.34. The data also tells us to set a stop loss @ 370.22 in case the stock turns against the trade. 371.29 is the first level of resistance above 365.09, and by rule, any break above resistance is a buy signal. In this case, 371.29, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DE slightly near 371.29, target 361.59, Stop Loss @ 372.36. Details
The technical summary data is suggesting a short of DE if it tests 371.29 with a downside target of 361.59. We should have a stop loss in place at 372.36 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 371.29, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for DE
- Buy DE slightly over 367.92, target 371.29, Stop Loss @ 367.06 Details
If 367.92 begins to break higher, the technical summary data tells us to buy DE just slightly over 367.92, with an upside target of 371.29. The data also tells us to set a stop loss @ 367.06 in case the stock turns against the trade. 367.92 is the first level of resistance above 365.09, and by rule, any break above resistance is a buy signal. In this case, 367.92, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DE slightly near 367.92, target 362.04, Stop Loss @ 368.78. Details
The technical summary data is suggesting a short of DE if it tests 367.92 with a downside target of 362.04. We should have a stop loss in place at 368.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 367.92, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Deere (DE) available here: DE.
DE Ratings for October 31:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
355.84 |
| P2 |
362.04 |
361.59 |
386.34 |
| P3 |
367.92 |
371.29 |
416.89 |
AI Generated Signals for DE
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Deere (NYSE: DE) data table below can help you with price action, and we have more details too. Trading plans for DE are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DE:
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