Dell Technologies builds bearish momentum towards key support at $42.59

• Nearest support line of $42.59 is only 33 cents away

Having fallen $1.67 in 3 days, Yesterday's session continued down the same path: the multinational technology company dropped 2.08% early on and traded close to the $42.92 level.

The stock has been trending positively for about a month. After hitting an important low of $33.77 approximately 6 months ago, the multinational technology company has bounced back 29.79% since.

Dell Technologies's notable support and resistance levels: although Dell Technologies Inc. is pointing down today (was as low as $42.75), it's climbing away from the $42.59 support line and is now 33 cents above it.

Fundamental indicators – United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million.

Dell Technologies was not the only decliner in the technology sector; Cisco Systems went down 3.04%, closed at $48.04. Accenture plc Class A (Ireland) lost 1.55% yesterday and closed at $275.55.

On the other hand, positive performances could be seen by looking at other technology stocks as TSM was up 2.36%.