Deere stock rebound: Key levels to watch

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Deere jumps 3.16% to $650 today

Highlights

Deere reported third-quarter earnings per share of $5.10, surpassing consensus estimates by $0.41 and driven by a $110 million one-time tariff refund.
Investors showed increased buying interest as Deere's stronger earnings led to a reassessment of near-term growth potential.
Shares of Deere rose 3.16% to $650.11, trading near session highs with projected consolidation between $637.01 and $663.21 as technical momentum remains mixed.

Earnings beat and tariff refund drive renewed investor demand

Deere reported third-quarter earnings per share of $5.10, exceeding consensus estimates by $0.41, according to Investing.com. The result was boosted by a one-time gain of $110 million in IEEPA tariff refunds, directly lifting reported profitability and supporting a stronger earnings profile for the quarter. This upside surprise has increased buying interest as investors reassess Deere’s near-term growth potential in light of the improved earnings result.

Mixed oscillator signals as price holds above layered support

The h1 chart shows DE trading above its MA-20 and MA-50, with the daily MA-200 also below the current price. Immediate support is provided by the Ichimoku Kijun level at $634.35. Momentum signals are mixed: RSI signals a buy, while CCI and Stoch RSI indicate overbought territory; Bull/Bear Power highlights ongoing buyer dominance intraday. MACD and ADX stay neutral, and the Awesome Oscillator does not add confirmation, reflecting partial divergence between price action and broad oscillator setups.

Consolidation outlook as upside odds outweigh downside risk

Over the next 2 to 3 trading days, DE is expected to consolidate between $637.01 and $663.21, a typical volatility band relative to current levels. There is a 79% probability of further upside, while downside risk is subdued for now. The baseline scenario calls for range-bound trading as buyers and sellers approach equilibrium, though a break above the upper range could fuel continued gains, whereas a move below immediate support at the Ichimoku Kijun level would trigger a near-term pullback.

Viktoras Karapetjanc, expert at Traders Union, views Deere’s recent performance as a clear signal of robust underlying momentum. He attributes the stock’s strength to its earnings beat and the short-term profit boost from IEEPA tariff refunds, which has sharpened investor optimism. The analyst sees the technical setup and near-term sentiment both supporting further gains. "The earnings-driven surprise has re-energized buyers, and I expect DE to maintain its upside bias as investors digest this positive catalyst," he says.

Earlier, analysts noted that Deere maintained a bullish technical structure and demonstrated resilience amid market volatility. The latest earnings beat and resulting price action reinforce the prevailing expectation of a near-term consolidation, with attention now focused on any sustained move beyond the current trading range to signal the next directional shift.

Source of Data: DE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.