Technical Analysis:
DE's stock shows a bullish trend in the short term, with the price rising from $469.9 to $480.22 on February 14, 2025, representing a 3% gain. The RSI-14 at 61.91 indicates moderate bullish momentum without being overbought.
Price Levels and Fibonacci Analysis:
- Support levels: $467.62 (Fibonacci pivot), $456.19 (S1)
- Resistance levels: $479.04 (R1), $486.11 (R2)
- Current price ($480.5) is testing R1 resistance
Moving Average Analysis:
- Trading above all major moving averages (5,10,20,60,200-day)
- Strong support at SMA-20 ($471.78)
- Bollinger Bands show price near upper band (494.56), suggesting strong momentum
News Impact and Fundamental Outlook:
- Citi recently raised price target to $480 from $430 while maintaining Neutral rating
- Agricultural companies facing challenges due to tariffs and costs, but expecting recovery later in 2025
- Company unveiled new autonomous machines at CES 2025, showing strong technological advancement
Price Prediction for Next Week:
Based on technical and fundamental analysis:
- Bullish scenario (60% probability): Break above $486 (R2), targeting $497.54 (R3)
- Neutral scenario (30% probability): Consolidation between $475-$485
- Bearish scenario (10% probability): Pullback to $467.62 (pivot)
Trading Recommendation: BUY
- Entry point: Current price ($480.5)
- Target: $497.54 (R3)
- Stop loss: $467.62 (pivot)
Rationale:
- Strong technical momentum with price above all major MAs
- Positive analyst sentiment with raised price targets
- Technology advancement in autonomous machinery
- Expected industry recovery in latter part of 2025
Technical Analysis:
DE's stock shows a bullish trend in the short term, with the price rising from $469.9 to $480.22 on February 14, 2025, representing a 3% gain. The RSI-14 at 61.91 indicates moderate bullish momentum without being overbought.
Price Levels and Fibonacci Analysis:
- Support levels: $467.62 (Fibonacci pivot), $456.19 (S1)
- Resistance levels: $479.04 (R1), $486.11 (R2)
- Current price ($480.5) is testing R1 resistance
Moving Average Analysis:
- Trading above all major moving averages (5,10,20,60,200-day)
- Strong support at SMA-20 ($471.78)
- Bollinger Bands show price near upper band (494.56), suggesting strong momentum
News Impact and Fundamental Outlook:
- Citi recently raised price target to $480 from $430 while maintaining Neutral rating
- Agricultural companies facing challenges due to tariffs and costs, but expecting recovery later in 2025
- Company unveiled new autonomous machines at CES 2025, showing strong technological advancement
Price Prediction for Next Week:
Based on technical and fundamental analysis:
- Bullish scenario (60% probability): Break above $486 (R2), targeting $497.54 (R3)
- Neutral scenario (30% probability): Consolidation between $475-$485
- Bearish scenario (10% probability): Pullback to $467.62 (pivot)
Trading Recommendation: BUY
- Entry point: Current price ($480.5)
- Target: $497.54 (R3)
- Stop loss: $467.62 (pivot)
Rationale:
- Strong technical momentum with price above all major MAs
- Positive analyst sentiment with raised price targets
- Technology advancement in autonomous machinery
- Expected industry recovery in latter part of 2025