Dell Technologies Inc. Stock Forecast
Dell Technologies Inc. stock downgraded to Sell Candidate
(Updated on Apr 19, 2024)
The Dell Technologies Inc. stock price fell by -2.96% on the last day (Friday, 19th Apr 2024) from $118.37 to $114.87. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.27% from a day low at $114.30 to a day high of $119.18. The price has fallen in 7 of the last 10 days and is down by -13.45% for this period. Volume has increased on the last day by 4 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, 9 million shares were bought and sold for approximately $1.06 billion.
The stock lies in the lower part of a 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 $114.67 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 55.60% during the next 3 months and, with a 90% probability hold a price between $178.42 and $219.14 at the end of this 3-month period.
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DELL Signals & Forecast
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 $119.08 and $117.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -13.45%. 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.
Support, Risk & Stop-loss for Dell Technologies Inc. stock
Dell Technologies Inc. finds support from accumulated volume at $114.04 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 $4.88 between high and low, or 4.27%. For the last week, the stock has had daily average volatility of 4.42%.
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 Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Dell Technologies Inc. to open at $116.12, and during the day (based on 14 day Average True Range), to move between $109.37 and $120.37, which gives a possible trading interval of +/-$5.50 (+/-4.79%) up or down from last closing price. If Dell Technologies Inc. takes out the full calculated possible swing range there will be an estimated 9.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $114.04 (0.72%) than the resistance at $121.78 (6.02%), 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 Buy to a Sell candidate.
Current score: -4.723 Sell Candidate Downgraded
Predicted Opening Price for Dell Technologies Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $116.12 ( 1.09%) | $114.87 |
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 | 121.00 | 5.33 % | |
| R2 | 119.13 | 3.71 % | ||
| R1 | 117.98 | 2.71 % | ||
| Current price: | 114.87 | |||
| Support | S1 | 114.25 | -0.538 % | |
| S2 | 113.10 | -1.54 % | ||
| S3 | 111.24 | -3.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 128.58 | 11.94 % | |
| R2 | 124.59 | 8.46 % | ||
| R1 | 121.78 | 6.02 % | ||
| Current price | 114.87 | |||
| Support | S1 | 114.04 | -0.723% | |
| S2 | 111.07 | -3.31% | ||
| S3 | 94.66 | -17.59% |
DELL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Apr 22, 2024 | May 03, 2024 | $0.445 | 0.387% |
| 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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