- Price action honing in on likely support at $41.48
While on a 4 day slump, falling a total of 7.44%, Similar trend today: Dell Technologies is down to $41.56, after ending yesterday at $42.47. Overall, a 2.14% loss or 91 cents today.
The stock has been trending positively for about a month. Having set a significant high of $60.77 a month ago, the multinational technology company is trading 25.76% lower.
As the day gets underway, chart analysis suggests Dell Technologies Inc. could begin to recover as it approaches significant support, now 8 cents away from $41.48. Dipping below could be an indication that further losses are ahead.
Fundamental indicators – United States Unit Labor Costs (QoQ) (Q3) released today at 13:30 UTC with a figure of 2.4, while the previous figure was 3.5.
In the meantime, negative performances are also seen in other technology stocks as Apple is down to $140.8, losing 1.48%, after ending yesterday at $142.91. Salesforce is down to $130.88, losing 1.79%, after ending yesterday at $133.27. After closing the previous session (yesterday) at $245.12, Microsoft lost $2.7 and is trading around $242.42.
Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with -3.31 million. It previously stood at -12.58 million; data will be released today at 15:30 UTC.