Bullish momentum leaves Dell Technologies flirting with resistance at $40.63

• Dell Technologies hasn't traded above $41.15 for 4 weeks.
• Price action oscillating around key resistance at $40.63

Dell Technologies has posted further gains as part of a 3 day trend that has already seen the stock gain $3.64. Heading in the same direction for now — the multinational technology company gaining 1.73% and hovering around the $40.91 level.

Having set a significant low of $33.77 5 months ago, the multinational technology company is trading 19.07% higher.

The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. Dell Technologies is currently trading around the $40.7 Fibonacci resistance level.

Overall, looking at the technical analysis landscape, it seems Dell Technologies might continue pointing upwards in the short term.

Fundamental indicators – United States ISM Manufacturing PMI (Mar) came out at 46.3, while a consensus of analysts was expecting 47.5.

While Dell Technologies is higher so far today, these technology stocks are struggling: Qualcomm is down to $124.14, losing 2.7%, after ending Friday at $127.58. Intuit is down to $437.49, losing 1.87%, after ending Friday at $445.83. Microsoft is down to $284.19, losing 1.43%, after ending Friday at $288.3.

Upcoming fundamentals: United States JOLTs Job Openings (Feb) is scheduled for tomorrow at 14:00 UTC.