Dell Technologies Inc. Stock Forecast
Weaker technical forecast for Dell Technologies Inc. as stock downgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The Dell Technologies Inc. stock price gained 0.120% on the last trading day (Friday, 26th Apr 2024), rising from $124.91 to $125.06. During the last trading day the stock fluctuated 2.85% from a day low at $123.04 to a day high of $126.55. The price has risen in 6 of the last 10 days and is up by 6.2% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 5 million shares were bought and sold for approximately $603.36 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 49.51% during the next 3 months and, with a 90% probability hold a price between $174.68 and $215.71 at the end of this 3-month period.
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DELL Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -5.77%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Dell Technologies Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $119.94 and $117.56. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Dell Technologies Inc. stock
Dell Technologies Inc. finds support from accumulated volume at $124.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.51 between high and low, or 2.85%. For the last week, the stock has had daily average volatility of 4.75%.
Our recommended stop-loss: $119.89 (-4.14%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (DELL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Dell Technologies Inc. to open at $124.88, and during the day (based on 14 day Average True Range), to move between $119.51 and $130.61, which gives a possible trading interval of +/-$5.55 (+/-4.43%) up or down from last closing price. If Dell Technologies Inc. takes out the full calculated possible swing range there will be an estimated 8.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $124.59 (0.38%) than the resistance at $127.15 (1.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dell Technologies Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dell Technologies Inc. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.703 Buy Candidate Downgraded
Predicted Opening Price for Dell Technologies Inc. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$124.88 ( 0.141%) | $125.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DELL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 128.39 | 2.67 % | |
R2 | 127.05 | 1.59 % | ||
R1 | 126.22 | 0.93 % | ||
Current price: | 125.06 | |||
Support | S1 | 123.54 | -1.21 % | |
S2 | 122.71 | -1.88 % | ||
S3 | 121.37 | -2.95 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 128.58 | 2.81 % | |
R2 | 127.16 | 1.68 % | ||
R1 | 127.15 | 1.67 % | ||
Current price | 125.06 | |||
Support | S1 | 124.59 | -0.376% | |
S2 | 121.78 | -2.62% | ||
S3 | 117.75 | -5.85% |
DELL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Apr 22, 2024 | May 03, 2024 | $0.445 | 0.356% |
2 | Dec 05, 2023 | Jan 22, 2024 | Feb 02, 2024 | $0.370 | 0.429% |
3 | Sep 28, 2023 | Oct 23, 2023 | Nov 03, 2023 | $0.370 | 0.532% |
4 | Jun 16, 2023 | Jul 24, 2023 | Aug 04, 2023 | $0.370 | 0.695% |
5 | Mar 02, 2023 | Apr 24, 2023 | May 05, 2023 | $0.370 | 0.82% |
FAQ
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