Dell Technologies Inc. (NYSE: DELL) with technical analysis anno
Time frame: The chart covers from early May to mid-August 2024, with the current date being June 21, 2024.
Price action: The stock has shown significant volatility, with a sharp rise and fall in late May/early June, followed by another spike and drop in mid-June.
Current price: As of the latest data point, Dell's stock price is $148.61, down 0.19 (-0.13%).
Technical patterns:
A "Flag Pattern" is identified in early June.
A "Point to Buy" is marked in the lower price range around $133-134.
Price levels: Several horizontal lines indicate important price levels, including resistance around $154.84 and support around $145.36 and $133.49.
Future projections: Green arrows suggest potential upward movement, with a note "If breakout line buy continues" indicating a bullish outlook if the stock breaks above certain levels.
Sentiment indicators: A skeptical emoji and a question mark near the flag pattern suggest uncertainty or caution about that particular formation.
The annotations imply that the analyst or trader is looking for buying opportunities, particularly if the stock breaks out above certain levels. However, as with all technical analysis, these projections are speculative and not guaranteed.
Price action: The stock has shown significant volatility, with a sharp rise and fall in late May/early June, followed by another spike and drop in mid-June.
Current price: As of the latest data point, Dell's stock price is $148.61, down 0.19 (-0.13%).
Technical patterns:
A "Flag Pattern" is identified in early June.
A "Point to Buy" is marked in the lower price range around $133-134.
Price levels: Several horizontal lines indicate important price levels, including resistance around $154.84 and support around $145.36 and $133.49.
Future projections: Green arrows suggest potential upward movement, with a note "If breakout line buy continues" indicating a bullish outlook if the stock breaks above certain levels.
Sentiment indicators: A skeptical emoji and a question mark near the flag pattern suggest uncertainty or caution about that particular formation.
The annotations imply that the analyst or trader is looking for buying opportunities, particularly if the stock breaks out above certain levels. However, as with all technical analysis, these projections are speculative and not guaranteed.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.