Deere & Company trades on the New York Stock Exchange under the ticker symbol DE and holds a perfect SIA SMAX score of 10 out of 10. The shares recently recorded a Spread Double Top point-and-figure signal.
Near-term support is located at the three-box reversal level of $638.99. Additional support may be found at $578.75, followed by further support at $524.19. Extrapolated resistance levels, based on vertical point-and-figure counting methodologies, are projected at $748.68 and $987.86.
Deere is classified within the Manufacturing sector, which currently sits in the Unfavored Red Zone of the SIA Sector Report and ranks 23rd out of 31 sectors.
The stock appears in the Favored Green Zone of the SIA S&P 100 Index Report, ranking 10th out of 103 securities. Its relative position has improved by 43 places over the past month and 32 places over the past quarter.
Deere has generated returns of +11.93% over the past month, +18.31% over the past quarter, and +46.64% over the past year. By comparison, the S&P 100 Index has returned -1.12%, +3.88%, and +15.61% over the same respective periods.
Deere & Company provides agricultural, construction, and forestry equipment, as well as global equipment and technology solutions. Its operations comprise four segments: Production and Precision Agriculture (PPA), Small Agriculture and Turf (SAT), Construction and Forestry (CF), and Financial Services (FS). The PPA segment serves production-scale growers of large grains, small grains, cotton, and sugarcane, while the SAT segment provides solutions for dairy and livestock producers, high-value crop producers, and turf and utility customers.
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