Dell Technologies Inc. Stock Forecast
Evaluation of Dell Technologies Inc. stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $135.53 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.95% during the next 3 months and, with a 90% probability hold a price between $162.57 and $225.88 at the end of this 3-month period.
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DELL Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $142.52 and $142.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -21.68%. 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).
Support, Risk & Stop-loss for Dell Technologies Inc. stock
Dell Technologies Inc. finds support from accumulated volume at $139.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.14 between high and low, or 3.01%. For the last week, the stock has had daily average volatility of 6.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DELL) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Dell Technologies Inc. to open at $139.90, and during the day (based on 14 day Average True Range), to move between $131.89 and $148.81, which gives a possible trading interval of +/-$8.46 (+/-6.03%) up or down from last closing price. If Dell Technologies Inc. takes out the full calculated possible swing range there will be an estimated 12.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $139.56 (0.56%) than the resistance at $148.52 (5.82%), 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?
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 Sell to a Strong Sell candidate.
Current score: -5.577 Strong Sell Candidate Downgraded
Predicted Opening Price for Dell Technologies Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $139.90 ( 0.318%) | $140.35 |
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 | |
|---|---|---|
| R3 | 144.04 | 2.63% |
| R2 | 142.46 | 1.50% |
| R1 | 141.48 | 0.81% |
| Price | 140.35 | |
| S1 | 138.32 | -1.45% |
| S2 | 137.34 | -2.14% |
| S3 | 135.76 | -3.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 169.92 | 21.07% |
| R2 | 149.15 | 6.27% |
| R1 | 148.52 | 5.82% |
| Price | 140.35 | |
| S1 | 139.56 | -0.563% |
| S2 | 135.76 | -3.27% |
| S3 | 132.03 | -5.93% |
DELL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 23, 2024 | Jul 23, 2024 | Aug 02, 2024 | $0.445 | 0.317% |
| 2 | Feb 29, 2024 | Apr 22, 2024 | May 03, 2024 | $0.445 | 0.356% |
| 3 | Dec 05, 2023 | Jan 22, 2024 | Feb 02, 2024 | $0.370 | 0.429% |
| 4 | Sep 28, 2023 | Oct 23, 2023 | Nov 03, 2023 | $0.370 | 0.532% |
| 5 | Jun 16, 2023 | Jul 24, 2023 | Aug 04, 2023 | $0.370 | 0.695% |
FAQ
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