- $45.65 is Dell Technologies's highest rate in 4 months.
- The lower Bollinger Band® is currently at $36.13 while the higher band is at $45.61
Dell Technologies has posted further gains as part of an 8 day trend that has already seen the stock gain $3.7. Yesterday's session pointed in the same direction — the renowned PC seller rose as high as $45.65 before giving up its gains and dropping back to $45.5 before the close on yesterday.
The stock has been trending positively for about a month. The multinational technology company now trading 14.25% above its 3-month low of $33.77.
Technical analysis of Dell Technologies's past price action reveals multiple support and resistance levels: Dell Technologies Inc. could be slowing down soon as it approaches resistance at $46.03. Of course, crossing it might suggest further gains are ahead. Technical analysis trend indicators suggest that investors are seeking long positions as Dell Technologies price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Momentum evaluation shows that according to technical analysis of Dell Technologies's Relative Strength Index (RSI), the market is currently overbought. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $45.61, thereby suggesting that Dell Technologies is becoming overvalued.
Overall, while Dell Technologies has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Fundamental indicators – United States Building Permits (Mar) came out at 1.41 million, while a consensus of analysts was expecting 1.45 million.
This rally in Dell Technologies's share price coincided with other technology stocks as NVIDIA was up 2.46%. Apple traded at $166.47 after closing yesterday's trading day at $165.23 (up 0.75%). Oracle traded at $96.47 after closing yesterday's trading day at $95.59 (up 0.92%).
Upcoming fundamentals: United States Crude Oil Inventories projected to come out at -1 million — worse than previous data of 597,000; data will be released today at 14:30 UTC.