Dell Technologies Inc. stock price fell more than -12.29% Wednesday closing at $124.36

The Dell Technologies Inc. stock price fell by -12.29% on the last day (Wednesday, 27th Nov 2024) from $141.79 to $124.36. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.83% from a day low at $121.30 to a day high of $127.16. The price has fallen in 7 of the last 10 days and is down by -7.59% for this period. Volume has increased on the last day by 30 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 37 million shares were bought and sold for approximately $4.58 billion.

On Oct 15, 2024, it was reported that Evercore ISI gave DELL a "Outperform" grade with a "hold" action.

Given the current short-term trend, the stock is expected to rise 27.00% during the next 3 months and, with a 90% probability hold a price between $157.94 and $184.99 at the end of this 3-month period.

There are few to no technical positive signals at the moment. The Dell Technologies Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $137.61 and $130.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 22, 2024, and so far it has fallen -13.76%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

On the downside, the stock finds support just below today's level from accumulated volume at $117.50 and $115.54.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dell Technologies Inc. finds support just below today's level at $117.50. If this is broken, then the next support from accumulated volume will be at $115.54 and $105.89.

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 $5.86 between high and low, or 4.83%. For the last week, the stock has had daily average volatility of 3.54%.

The Dell Technologies Inc. stock holds several negative signals and despite the positive trend, we believe Dell Technologies Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.