Dell Technologies hones in on key resistance at $39.04

• 77 cents is Dell Technologies's largest daily jump in 3 weeks.
• Price action is gradually approaching a key resistance hurdle at $39.04

The renowned PC seller went up to $38.77, gaining 2.03%.

The renowned PC seller has fallen back around 30.95% over the past 11 months, from a notable high of $55.03.

Trend-focused traders would be interested to note that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Asset volatility analysis shows that Dell Technologies's lower Bollinger Band® is at $38, indicating that the market is oversold and fertile for new buyers. Technical analysis of Dell Technologies's past price action reveals multiple support and resistance levels: Dell Technologies could be slowing down soon as it approaches resistance at $39.04. Of course, crossing it might suggest further gains are ahead.

Overall, the technical outlook suggests Dell Technologies is likely to remain muted for the immediate future, with no clear-cut direction.

Fundamental indicators – highly important Crude Oil Inventories data from United States beat analyst expectations of 395,000 with a reading of -1.69 million.

This rally in Dell Technologies's share price coincided with other technology stocks as NVIDIA was up 3.83%. AMD was up 3.97%. Texas Instruments added 2.42% to its value, and traded at $176.22.

Upcoming fundamentals: projections for United States Non Farm Payrolls are set for a continuation of decline with 205,000 while previous data was 517,000; data will be released tomorrow at 13:30 UTC.