A look at DE technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 51.64 point. Its trading volume has lost -760773 shares compared to readings over the past three months as it recently exchanged 1219227 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1980000 shares, and this is 0.62 times the normal volume.
Deere & Company (NYSE:DE) climbed by 2.01% over the past three months which led to its overall six-month increase to stand at 9.49%. The equity price sank -2.16% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 2.35% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 7.45% and is now up by 8.24% since start of this year.
The shares of Deere & Company dropped by -3.79% or -$6.36 from its last recorded high of $167.82 which it attained on February 25 to close at $161.46 per share. Over the past 52 weeks, the shares of Deere & Company has been trading as low as $128.32 before witnessing a massive surge by 25.83% or $33.14. This price movement has led to the DE stock receiving more attention and has become one to watch out for. It jumped by 0.81% on Sunday and this got the market excited. The stock’s beta now stands at 0.92 and when compared to its 200-day moving average and its 50-day moving average, DE price stands 7.51% above and 0.08% above respectively. Its average daily volatility for this week is 1.83% which is more than the 1.57% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Deere & Company (DE) with most of them predicting a $175.94 price target on a short-term (12 months) basis. The average price target by the analysts will see a 8.97% rise in the stock and would lead to DE’s market cap to surge to $56.04B. The stock has been rated an average 2.2, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 22 analysts that track Deere & Company (NYSE:DE) and find out that 9 of them rated it as a Hold. 13 of the 13 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
The price of Enbridge Inc. (NYSE:ENB) currently stands at $37.47 after it went up by $0.3 or 0.81% and has found a strong support at $37.22 a share. If the ENB price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $36.96 mark would also be bad for the stock as it means that the stock would plunge by 1.36% from its current position. However, if the stock price is able to trade above the resistance point around $37.6, then it could likely surge higher to try and break the upward resistance which stands at $37.72 a share. Its average daily volatility over the past one month stands at 1.26%. The stock has plunged by 1.01% from its 52-weeks high of $37.09 which it reached on Jun. 02, 2019. In general, it is 23.09% above its 52-weeks lowest point which stands at $28.82 and this setback was observed on Dec. 26, 2018.
Analysts have predicted a price target for Enbridge Inc. (ENB) for 1 year and it stands at an average $40.83/share. This means that it would likely increase by 8.97% from its current position. The current price of the stock has been moving between $37.09 and $37.47. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $35.89. On the other hand, one analyst is super bullish about the price, setting a target as high as $48.73.
The ENB stock Stochastic Oscillator (%D) is at 82.4%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 2.18 which compares to the 3.07 recorded by the industry or the 12.82 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 17.83, which is lower than the 34.73 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 21.9% over the past five years.
Analysts view Enbridge Inc. (NYSE:ENB) as a Hold, with 2.3 consensus rating. Reuters surveyed 11 analysts that follow ENB and found that 1 of those analysts rated the stock as a Hold. The remaining 10 were divided, with 10 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Enbridge Inc. (ENB) shares or sell it if they already own it.
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