After the Bell Technical Review | Dell Technologies lacking direction as recent uptrend begins to fade

• The CCI indicator stands above +100
• Dell Technologies's upper Bollinger Band® is at $50.57 which indicates a further downward move may follow.

Though in the midst of a 10 day uptrend, gaining a total of 9.21%, ($4.72), Today's session suggests run might be coming to an end — during today's session, Dell Technologies toiled and struggled for upward momentum before closing at $49.67. By the close, the the renowned PC seller suffered a 53 cents or 1.06% loss.

The past 3 months have been positive for the multinational technology company as it added 32.98% compared to its 3-month low of $33.77.

Today's price action generated a Japanese candlestick pattern showing 'Bearish Harami' is a candlestick chart indicator used for detecting reversals within a prevailing bull trend. It is generally indicated by a small price decrease that's contained within a broader upward price movement and is commonly associated with a bullish trend coming to an end. Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Analysis based on the asset volatility indicates that Dell Technologies's upper Bollinger Band® is at $50.57 which indicates a further downward move may follow.

Overall, while Dell Technologies has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Dell Technologies was not the only decliner in the technology sector; Sony Group Corporation closed at $97.57 (down 2.11%). AMD closed at $120.08 (down 3.35%). ASML Holding went down 2.28%, closed at $738.69.

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