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April 24, 2023
- Price action honing in on likely support at $42.3
A 4 day downtrend has resulted in the asset losing $2.76. Today is looking a bit better: after ending Friday at $42.74, the multinational technology company recovers back to $42.63 after dipping down to $42.37 today.
The stock has been trending positively for about a month. Dell Technologies hit a significant low of $33.77 around 6 months ago, but has since recovered 26.56%.
As the trading day comes to an end, chart analysis indicates Dell Technologies Inc. is approaching key support, around 33 cents away from $42.3. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.
Meanwhile, mixed performances are seen in other technology stocks as Intel is down to $29.62, losing 2.23%, after ending Friday at $30.3. Microsoft is trading around $281.71 (down 1.42%). After closing the previous session (Friday) at $199.03, Salesforce lost $3.62 and is trading around $195.41.
Upcoming fundamentals: United States Building Permits scheduled to come out tomorrow at 13:30 UTC.
