DE Price Prediction Next Week
Based on the provided data and technical analysis, here's the prediction for DE's stock price next week:
Technical Analysis
- Current price: $478.77
- RSI (14) at 72.70 indicates overbought conditions
- MACD at 9.78 shows positive momentum
- Stock is trading above both 20-day MA ($434.87) and 200-day MA ($397.61)
News Analysis
- Morgan Stanley recently included DE in their top 20 AI-driven stocks list, highlighting its strong pricing power and potential benefits from AI adoption
- The stock has crossed above the average analyst 12-month target price of $472.74, with analyst targets ranging from $400 to $550
- 11 analysts have provided ratings with a mixed outlook - 2 bullish, 3 somewhat bullish, and 6 neutral
Price Prediction for Next Week Based on technical indicators and news sentiment:
- Support level: $472.40 (Fibonacci R1)
- Resistance level: $490.44 (Fibonacci R2)
Expected price movement:
- Short-term target: $490-495
- The stock is likely to face resistance around $490 level due to:
- Overbought RSI conditions
- Price already above analyst consensus target
- Recent strong run-up in price
Trading Recommendation SELL/TAKE PROFITS
- Current overbought conditions
- Price above analyst consensus
- Technical indicators suggesting potential pullback
- Set stop-loss at $495 if holding long positions
- Consider re-entry around $472-475 support level
DE Similar Chart Price Prediction
The price of DE is predicted to go up -3.88%, based on the high correlation periods with FCF. The similarity of these two price pattern on the periods is 96.02%.
DE
FCF
Down: -3.88%Similarity: 96.02%
DE Revenue Forecast
DE EPS Forecast
DE FAQs
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DE VS S&P500
Higher crop prices encourage farmers to grow more crops and will lead to more farming equipment purchases, substantially boosting Deere's revenue growth.
Deere will benefit from strong replacement demand, as uncertainty around trade, weather, and agriculture commodity demand has eased, encouraging farmers to refresh their machine fleet.
Increased infrastructure spending in the US and emerging markets will lead to more construction equipment purchases, benefiting Deere.
DE Analyst's Forecast
Tami Zakaria
JP Morgan
Hold
Price Target
$450 → $470
Upside
+9.59%
JPMorgan raised the firm's price target on Deere to $470 from $450 and keeps a Neutral rating on the shares as part of a Q4 earnings preview for the agricultural machinery and processors group. The firm increased price targets for the agriculture original equipment manufacturers, saying the group is a "good place to hide" in machinery should the macro narrative turn worse in the coming weeks.
Kyle Menges
Citigroup
Hold
Price Target
$460 → $470
Upside
+4.58%
Angel Castillo
Morgan Stanley
Buy
Price Target
$401 → $450
Upside
-2.74%