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Dell Technologies Inc. Stock Forecast NYSE:DELL

$58.40 (-0.87%)

Volume: 4M

Closed: Dec 08, 2021

Hollow Logo Score: 0.898

Dell Technologies Inc. Stock Forecast

$58.40 (-0.87%)

Volume: 4M

Closed: Dec 08, 2021

Score Hollow Logo 0.898
Which way will DELL go? Request
Stop-loss: $55.26 (-5.38%)
Key Stats
P/E Ratio 6.23
Beta 1.04
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 60 and the stock is currently not being overbought or oversold

Dell Technologies Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Dec 08, 2021)


Hold candidate since 2021-12-08

The Dell Technologies Inc. stock price fell by -0.87% on the last day (Wednesday, 8th Dec 2021) from $58.91 to $58.40. During the day the stock fluctuated 1.86% from a day low at $57.92 to a day high of $59.00. The price has risen in 6 of the last 10 days and is up by 6.82% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -691 thousand shares and in total, 4 million shares were bought and sold for approximately $204.74 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -42.86% during the next 3 months and, with a 90% probability hold a price between $17.86 and $48.66 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, November 04, 2021, and so far it has risen 7.02%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $70.51. On a fall, the stock will find some support from the short-term average at $57.69. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Dell Technologies Inc. finds support from accumulated volume at $57.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.08 (1.86%) between high and low. For the last week, the stock has had a daily average volatility of 2.27%.

Our recommended stop-loss: $55.26 (-5.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)

Is Dell Technologies Inc. stock A Buy?

Dell Technologies Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.898

Predicted Opening Price for Dell Technologies Inc. of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$58.44 $58.40 (Undervalued)
Hold/Accumulate Upgraded

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Analyst Ratings

On Nov 24, 2021 "Morgan Stanley" gave "$67.00 - $68.00" rating for DELL. The price target was set to $57.51+5.2%.

Volatility and Risk
Daily Average Volatility: 2.27 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.27 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $58.48
Price: $58.40
Support: $57.30

DELL Insider Trading Show all Trades

INSIDER POWER

0.543

Last 100 transactions
Buy: 10 956 281 | Sell: 20 188 357 (Shares)
Date Action Amount Person Type
Dec 03, 2021 Sell 55 000 Elias Howard D Class C Common Stock
Dec 02, 2021 Sell 155 090 Scannell William F Class C Common Stock
Dec 02, 2021 Sell 49 776 Dew Allison Class C Common Stock
Oct 19, 2021 Sell 64 387 Dew Allison Options to Acquire Class C Common Stock
Oct 19, 2021 Buy 30 546 Dew Allison Class C Common Stock
Show all Insider Trades
INSIDER POWER

0.543

Last 100 transactions
Buy: 10 956 281 | Sell: 20 188 357 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 59.52 1.92 %
59.11 1.21 %
58.85 0.77 %
Current price: 58.40
Support 58.03 -0.64 %
57.77 -1.07 %
57.36 -1.78 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 58.91 0.87 %
58.75 0.60 %
58.48 0.14 %
Current price 58.40
Support 57.30 -1.88%
56.70 -2.91%
54.61 -6.49%

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