Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Deere stock price is currently trading at $412.11 with a nominal gain of 0.10% in the last 24 hours with a current market cap of $118.688 Billion.</a> </li> 
 <li> <span>2</span> <a>The technical indicators point to the consolidation phase of Deere Stock.</a> </li> 
 <li> <span>3</span> <a>Deere’s stock price has been trading in a triangle pattern.</a> </li> 
</ul> 
<p>DE stock price forecast indicates that bears and bulls are yet to gain a proper grasp on the trend. Investors might prefer to wait for a confluence of multiple technical indicators in order to decide the direction of the trend. There is a slight increase in the green candles of volume which suggests that the DE stock price is attracting buyers at the demand zone.</p> 
<p>Investor sentiments regarding the DE stock price are indecisive right now and may remain negative unless the buyers start stepping into the price action with substantial momentum. However, according to the technical indicators and price action, the odds are in the bulls’ favor.</p> 
<p>De stock price needs to attract buyers to surge toward the upper trendline of the consolidation phase over the daily time frame chart. Meanwhile, the Deere share price broke above the 50, 100, and 200-day daily moving averages; indicating bullishness.</p> 
<p>Nevertheless, De stock price has gained around 0.15% in a week but lost -3.71% in a month. Also, the DE&nbsp; share price rose around 1.06% in the last three months and gained 6.43% over the last six months. Additionally, it declined by -3.71% year-to-date. Hence, price performance data shows the consolidation of the price in a range throughout the year.</p> 
<h2 class="wp-block-heading" id="strong-is-de-stock-price-ready-to-smash-450-mark-strong"><strong>Is DE Stock Price Ready to Smash $450 Mark?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/F6aRTffUpH4iRbqIzycgSgDOHAS5sI1_EG4uck0GDMByqCgxTAEQvEpdDmt8d8OWxPJW1YVIZWooM-VcnudRjotbNOk3OX6t0u0IyMDNW5a8Ih76FIMXigGsd66v8qzO-79GRGXPuP_JutHrThPB1-I" alt="Deere Stock Price Forecast: Will DE Stock Reach $450 Mark?"> 
  <figcaption class="wp-element-caption">
    Source: Deere .1D.NYSE by <a href="https://www.tradingview.com/x/87v1gJgF/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Deere stock price must initiate its recovery rally to reach the upper threshold of the consolidation phase. However, the Deere shares need to accumulate buyers in order to surge towards its recovery phase. Meanwhile, the Deere share price has jumped above the 50, 100, and 200-day daily moving averages indicating upcoming bullishness.</p> 
<p>Moreover, Deere shares must register its breakout from the consolidation phase over the daily time frame chart.&nbsp;</p> 
<p>Technical indicators suggest the consolidation phase of the Deere <a href="https://www.thecoinrepublic.com/2023/09/02/de-stock-price-surpassed-its-20-day-ema-with-bulls-support/" target="_blank" rel="noopener noreferrer nofollow">stock price</a>. The relative strength index (RSI) showcases the sideways momentum of Deere shares. RSI is at 51.91 and is heading towards the oversold territory.&nbsp;</p> 
<p>MACD exhibits the consolidation phase of the Deere share price. The MACD line is flat below the signal line waiting for any type of crossover. Investors in Deere stock need to wait for any directional change over the daily time frame chart.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>On the daily time frame chart, the Deere stock price has been consolidated between triangle patterns. However, in order to accelerate towards its recovery phase, Deere shares must amass purchasers. Technical indicators point to a period of price consolidation for the DE stock. Investors in Deere stock must watch the daily time frame chart for any directional changes. However, investors and traders should wait for a proper setup before making the next move and avoid FOMO.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $397.23 and $385.01</li> 
</ul> 
<ul> 
 <li><strong>Resistance Levels:</strong> $423.54 and $441.70</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

Deere Stock Price Forecast: Will DE Stock Reach $450 Mark?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 18, 2023

SVB Financial Group Nears Deal to Sell SVB Capital Amidst Competitive Bidding

Reassessing Ether’s Legal Standing: Is it a Security or a Unique Asset

FTX Crypto Asset Sales Will Not Crash The Market: Coinbase Report

MSFT Stock Forecast: Can MSFT Boost From Trendline & Cross $366?

Bitcoin Surges Past $27K: Can It Sustain the Bull Run?

Google Cloud’s Web3 Lead to Solve Business Issues Via Web3

Join our free newsletter for daily crypto updates!