Price prediction

Deere & Company Price Forecast: Will DE Stock hit $550 in 2023

Deere & Company Equipment for forestry, agricultural, construction, and turf management are produced and distributed by Deere & Co. Agriculture and turf, construction and forestry, and financial services make up its three main operating segments. The distribution and production of a broad array of agricultural and turf equipment as well as associated service components are the primary goals of the Agriculture and Turf section.

The Construction and Forestry division provides equipment and maintenance components for use in building, earthmoving, constructing roads, material handling, and logging. The new and used agricultural, turf, construction, and forestry equipment sales and leases made by John Deere dealers are financed by the Financial Services section. The business is headquartered in Moline, Illinois, and was established by John Deere in 1837.

Agricultural machinery, heavy machinery, forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) for heavy machinery, and lawn care equipment are all produced by Deere & Company, doing business as John Deere. The business also engages in related operations including financial services.

The New York Stock Exchange lists Deere & Company under the ticker DE. Nothing Runs Like a Deere is the company’s tagline, and a leaping deer with the words “JOHN DEERE” underneath it serves as its logo. The corporation has used a jumping deer in several of its logos for more than 155 years. The main office of Deere & Company is in Moline, Illinois. According to the 2022 Fortune 500 ranking of the biggest American firms, Deere & Company came in at number 84. D series, E series, Speciality Tractors, Super Heavy Duty Tractors, and JDLink are a few of their several tractor series.

Deere & Company Prices

In this analysis, 4,310 companies were taken into account, and 3,606 had significant values. With a standard deviation of 280.4 million, the Sector’s companies have an average market cap of 171.6 million dollars. The market Cap of Deere & Company of 119.5 B is removed from the distribution since it is far outside the interquartile range.

Highlights

  • Value increased by 36.7% in the previous year.
  • 18 of the last 30 days have been green, which is a bullish sign at the moment (60%)

Risk Evaluation

  • Trading at 6.9% above our prediction for the upcoming five days
  • The Fear & Greed Index shows fear.

Deere & Company Analysis:

Most traders use candlestick charts to forecast Deere & Co stock because they offer more data than a straightforward line chart. For example, you might select a 5-minute candlestick chart to observe extremely short-term price movement or select a weekly candlestick chart to view long-term trends. Traders can view candlesticks that indicate the price activity of Deere & Co stock with several levels of granularity.

The most common candlestick charts are those for one hour, four hours, and one day. Let’s take a look at a 1-hour candlestick chart to see how this kind of price chart might tell us about starting and closing values.

The chart is broken into “candles” that provide information on the price movement of Deere & Co’s stock in 1-hour intervals. Each candlestick will show the starting and closing prices for DE, as well as the highest and lowest prices Deere & Co. experienced over the preceding hour. Making an informed price prediction is now made simpler by this knowledge.

The color of the candle should also be taken into consideration; a green candle indicates that the closing price was greater than the opening price, while a red candle indicates the opposite. Instead of using colors to indicate the same thing, some charts will utilize candlestick bodies that are hollow or filled.

With a Moving Averages Convergence Divergence (MACD) signal of 6.94. Deere (DE) appears to be a Buy.

With a 20-day exponential moving average of 401.57 and a share price of $407.67, Deere (DE) is a Buy.

With a 50-day exponential moving average of 392.64 and a share price of $407.67, Deere (DE) is a Buy.

Indicators

The relative Strength Index (RSI) for Deere (DE) is 58.25, producing a Neutral signal.

The Trend Strength Indicator (ADX) for Deere (DE) is 21.66, producing a Neutral signal.

The Commodity Channel Index (CCI) for Deere (DE) is 97.43, producing a Neutral signal.

The Price Rate of Change (ROC) for Deere (DE) is -1.84, generating a Sell signal.

Predictions

2025 Stock Prediction for Deere & Co.

The current Deere & Co stock forecast for 2025 is $562.54, assuming that shares will increase at the same average annual rate as they did during the previous ten years. The price of DE stock would climb by 38.02% as a result.

2030 Stock Prediction for Deere & Co.

If the Deere & Co stock continues to increase at its current 10-year average rate, it will reach $1,258.96 in 2030. Deere & Co. stock will increase 208.89% from its present price if this stock forecast for 2030 comes true.

Radhe

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