Deere & Company (DE)
John Deere is the brand name of Deere & Company, an American corporation that manufactures agricultural, construction, and forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, and lawn care equipment.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 4.16% per annum.
- DE price at the close of April 29, 2025 was $460.64 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 48.69% per annum.
- DE price at the close of April 29, 2025 was lower than the bottom border of the secondary price channel by $2.15 (0.46%). This indicates a possible reversal in the secondary trend direction.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of DE price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: February 19, 2021
End date: November 20, 2024
a = 5.7942
b = 0.0001
s = 0.0718
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 4.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0718) – 1
= 33.26%
February 19, 2021 calculations
Top border of price channel:
Exp(Y203)
= Exp(a + b × X203 + 2 × s)
= Exp(a + b × 295 + 2 × s)
= Exp(5.7942 + 0.0001 × 295 + 2 × 0.0718)
= Exp(5.9707)
= $391.76
Bottom border of price channel:
Exp(Y203)
= Exp(a + b × X203 – 2 × s)
= Exp(a + b × 295 – 2 × s)
= Exp(5.7942 + 0.0001 × 295 – 2 × 0.0718)
= Exp(5.6835)
= $293.98
November 20, 2024 calculations
Top border of price channel:
Exp(Y1,148)
= Exp(a + b × X1,148 + 2 × s)
= Exp(a + b × 1,665 + 2 × s)
= Exp(5.7942 + 0.0001 × 1,665 + 2 × 0.0718)
= Exp(6.1235)
= $456.47
Bottom border of price channel:
Exp(Y1,148)
= Exp(a + b × X1,148 – 2 × s)
= Exp(a + b × 1,665 – 2 × s)
= Exp(5.7942 + 0.0001 × 1,665 – 2 × 0.0718)
= Exp(5.8364)
= $342.54
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 4.16% per annum.
- DE price at the close of April 29, 2025 was $460.64 and was inside the primary price channel.
Secondary Trend
Start date: May 24, 2024
End date: April 2, 2025
a = 4.2333
b = 0.0011
s = 0.0397
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 48.69%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0397) – 1
= 17.21%
May 24, 2024 calculations
Top border of price channel:
Exp(Y1,024)
= Exp(a + b × X1,024 + 2 × s)
= Exp(a + b × 1,485 + 2 × s)
= Exp(4.2333 + 0.0011 × 1,485 + 2 × 0.0397)
= Exp(5.9266)
= $374.87
Bottom border of price channel:
Exp(Y1,024)
= Exp(a + b × X1,024 – 2 × s)
= Exp(a + b × 1,485 – 2 × s)
= Exp(4.2333 + 0.0011 × 1,485 – 2 × 0.0397)
= Exp(5.7678)
= $319.82
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 + 2 × s)
= Exp(a + b × 1,798 + 2 × s)
= Exp(4.2333 + 0.0011 × 1,798 + 2 × 0.0397)
= Exp(6.2667)
= $526.76
Bottom border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 – 2 × s)
= Exp(a + b × 1,798 – 2 × s)
= Exp(4.2333 + 0.0011 × 1,798 – 2 × 0.0397)
= Exp(6.1079)
= $449.41
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 48.69% per annum.
- DE price at the close of April 29, 2025 was lower than the bottom border of the secondary price channel by $2.15 (0.46%). This indicates a possible reversal in the secondary trend direction.