Dell Technologies’ stock price (DELL) fell in the intraday levels, while hurt by exiting a descending price channel that guided recent short-term trading, as it also leaned on the support of the 50-day SMA, while trying to gather positive momentum to rise anew, as it also tries to vent off overbought saturation in the RSI with negative signals coming out of it. 

 

Therefore we expect the stock to return higher, targeting the first resistance at $127.00, provided the support of $104.66 holds on.

 

Trend forecast for today: Likely Bullish