Deere & Company (NYSE:DE) 2019 $170 target
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 113.09.
The projected upper bound is: 173.34.
The projected lower bound is: 127.55.
The projected closing price is: 150.44.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 31 white candles and 19 black candles for a net of 12 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 55.0433. This is not an overbought or oversold reading. The last signal was a sell 9 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 57.66. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 8 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 8. This is not a topping or bottoming area. The last signal was a sell 9 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 6 period(s) ago.
Rex Takasugi – TD Profile
DEERE & CO closed down -5.710 at 149.170. Volume was 15% below average (neutral) and Bollinger Bands were 48% wider than normal.
Open High Low Close Volume___
162.350 164.370 136.190 149.170 14,588,406
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 145.84 110.05 70.16
Volatility: 157 121 154
Volume: 12,318,631 15,141,637 36,423,256
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
DEERE & CO is currently 112.6% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of DE.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on DE.N and have had this outlook for the last 25 periods.
Latest posts by HEFFX Australia (see all)
- Hong Kong: HANG SENG INDEX (.HSI) gives up early gains despite Wall Street rally - December 9, 2019
- FTSE Bursa Malaysia KLCI (.KLSE) Sentiment turns sour one week ahead of US tariffs deadline - December 9, 2019
- Bitcoin: USD/BTC (BTC=X) weekly chart is reporting a bullish golden cross - December 9, 2019