Score 8.2 (out of 10): DEERE sets up for +14.7% rally in 3 months

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What’s Going On Here?

DEERE shares have 20% upside as automation increase on American farms, Wells Fargo predicts. Deere share are making new highs and are benefiting from the current rally in agriculture prices.

Why Now?

DEERE & CO has triggered a new high volatility signal (3 month). During similar occasions, DEERE & CO shares had a median return of +14.7%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for DEERE & CO received a high score of 8.2 (out of 10). This insight was generated on 2022-March-11 with last price of 389.59.

What’s This Company About?

DEERE & CO is in the Machinery-Farm business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth +11% (average). Ticker symbol: DE US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 446.89 (+14.7%) has been reached. Based on DEERE & CO’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 371.58 (last price at 389.48), which is equivalent to a -4.6% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

8.9% (May-2020), 0.2% (March-2020), 0.8% (December-2018), 3.7% (April-2018), -5.7% (February-2018), 28.5% (August-2016), 32.9% (October-2015), 20.5% (August-2015), 30% (December-2014), 37.6% (October-2014).

Historical Chart:

Summary:

NameDEERE & CO
ViewUp
Star (1 to 10)8.2
Target+14.7%
Time3 months
Hist Rate90%

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