DELL TECHNOLOGIES -C (NYSE:DELL) – A Strong Technical Setup for Breakout Traders

DELL TECHNOLOGIES -C (NYSE:DELL) has been identified as a potential breakout candidate by our technical screener. The stock shows a combination of strong technical health and a well-defined consolidation pattern, making it worth a closer look for traders. Below, we break down the key factors supporting this setup.

Technical Strength

• Trends: Both the short-term and long-term trends for DELL are positive, reinforcing the stock’s upward momentum.
• Relative Strength: DELL outperforms 80% of stocks in the Technology Hardware, Storage & Peripherals industry, indicating strong sector leadership.
• Moving Averages: The stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, a bullish signal.
• Volume: With an average daily volume of 7.8 million shares, liquidity is strong, reducing slippage risk for traders.

Setup Quality

• Consolidation: Prices have been consolidating recently, reducing volatility and forming a potential bull flag pattern.
• Support & Resistance: A clear support zone exists between $110.93 and $112.80, while resistance sits near $114.19. A breakout above resistance could signal further upside.
• Entry & Exit Points: The setup suggests an entry at $114.29 (just above resistance) and a stop-loss at $110.92 (below support), offering a defined risk-reward ratio.

For a deeper technical breakdown, review the full technical report for DELL.

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Disclaimer

This is not investment advice. Always conduct your own analysis and consider risk management before trading.