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