Bearish session for Dell Technologies insufficient to test key support at $40.82

• Bearish mood sees Dell Technologies flirting with support target at $40.82
• Falling prices have precipitated Dell Technologies's approach to its lower Bollinger Band® at $40.36

Dell Technologies's downtrend has seen it decline 4.12% in 9 days Friday's session continued the recent downtrend: after closing the previous trading day at $42.03 and dropping to $41.11, the multinational technology company closed Friday at $41.61. By the end of the session, Dell Technologies gave up a total of 1%.

Trading mostly sideways for a month. Dell Technologies hit a significant low of $33.77 around 4 months ago, but has since recovered 24.46%.

Bollinger Bands® shows an indication of recovery: the lower band is at $40.36, a low enough level to, generally, suggest that Dell Technologies Inc. is trading below its fair value. Dell Technologies could begin to recover as it approaches significant support, now 79 cents away from $40.82. Dipping below could be an indication that further losses are ahead.

Overall, looking at the technical analysis landscape, it seems Dell Technologies —which is currently on a downtrend— might reverse course and start pointing upward in the short term.

Dell Technologies was not the only decliner in the technology sector; Adobe dips 7.63% Friday to close at $347. Microsoft lost 2.18% Friday and closed at $249.22. SAP closed at $113.18 (down 2.44%).

Upcoming fundamentals: United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%. It previously stood at -0.2%; data will be released tomorrow at 13:30 UTC.