Dell Technologies now only 37 cents from key resistance at $48.88

• Price action is gradually approaching a key resistance hurdle at $48.88
• The lower Bollinger Band® is currently at $43.52 while the higher band is at $48.75

Dell Technologies has posted further gains as part of a 3 day trend that has already seen the stock gain $2.17. Friday's session pointed in the same direction — generally flat but with a slight bullish bias, Dell Technologies ranged between $47.48 and $48.55 before closing higher at $48.51.

The stock has been trending positively for about 30 days. The renowned PC seller now trading 19.57% above its 3-month low of $33.77.

Analysis of Dell Technologies's recent price action suggests Dell Technologies Inc. could be slowing down soon as it approaches resistance at $48.88. Of course, crossing it might suggest further gains are ahead. With regards to technical trend indicators, chart analysis show that investors are seeking long positions as Dell Technologies price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $48.75, thereby suggesting that Dell Technologies is becoming overvalued.

Notwithstanding Dell Technologies's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

A look at other technology stocks also showed bullish price action as Intel was up 5.84%. Qualcomm gained 6.09%, as it traded at $110.35. Accenture plc Class A (Ireland) added 4.06% to its value, and traded at $303.6.

Upcoming fundamentals: projections for United States Consumer Confidence are set for a continuation of decline with 99 while previous data was 101.3; data will be released tomorrow at 14:00 UTC.