Bullish Dell Technologies peaks above key resistance at $45.92 but retreats 8 cents later in the session

• Price action backs away from resistance at $45.92 despite bullish mood
• Upper Bollinger Band® currently at $46.14

As the end of the session approaches, a small gain for the multinational technology company at $46 after ranging between $45.18 and $46.18 today.

The renowned PC seller is up 34.41% from the significant low of $33.77 it hit 6 months ago.

As the trading day comes to an end, chart analysis indicates although Dell Technologies Inc. is appreciating today after rising as high as $46.18, price action is now slowing and consolidating around 8 cents below the $45.92 resistance level. Concerning technical analysis and more specifically, trend indicators, investors are seeking long positions as Dell Technologies price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $46.14, thereby suggesting that Dell Technologies is becoming overvalued.

All in all, the technical analysis suggests Dell Technologies has no clear-cut direction.

This rally in Dell Technologies's share price coincides with other technology stocks as AMD is up 5.72%. NVIDIA gained 1.64%, currently at $291.5.

While Dell Technologies is higher so far today, these technology stocks are struggling: Sony Group Corporation is trading around $92.38 (down 1.58%).

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