- Price action oscillating around key resistance at $43.81
- The lower Bollinger Band® is currently at $39.86 while the higher band is at $45.08
Dell Technologies has posted further gains as part of a 3 day trend that has already seen the stock gain $1.82. Today's session so far looks to be heading in the same direction — after dipping down to $43.38, the renowned PC seller regained earlier losses, reaching $44.02 as the end of the session nears.
Dell Technologies hit a significant low of $33.77 around 6 months ago, but has since recovered 28.78%.
Dell Technologies Inc. broke through the $43.81 resistance and climbed 21 cents above it. Dell Technologies's upper Bollinger Band® is at $45.08, this is a slight indication of a slowdown.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Dell Technologies is set for a reversal in the coming days.
Fundamental indicators – United States ISM Manufacturing PMI (Apr) came out at 47.1, while a consensus of analysts was expecting 46.8.
A look at other technology stocks also shows bullish price action as Sony Group Corporation is up 2.98%. NVIDIA is trading at $289.23 after ending Friday's session at $277.49 (up 4.23%).
While Dell Technologies is higher so far today, these technology stocks are struggling: Intel is down to $30.43, losing 2.03%, after ending Friday at $31.06.
Upcoming fundamentals: United States JOLTs Job Openings (Mar) scheduled to come out tomorrow at 14:00 UTC.