DELL bearish with possible breakdown from the triangleTHE CONSISTENT TRADES analyze DEL as a bearish/weak fundamental stock and therefore would be traded only in a short position.
DELL is in a symmetrical triangle and is near the end of it which could indicate a strong move sooner than later. Break down below the red dotted line would trigger a short position but only if the market turns negative and start its leg down.
Volume is more bearish than bullish as drops are on stronger volume than those on a green day.
Price is below all major MA which is bearish, also all MA are very close to each other signaling a strong move soon.
RSI is neutral.
MACD is also neutral and is also in a symmetrical triangle.
Overall: DELL is holding inside of a symmetrical triangle due to the strong move up on the market. With the likely starting of the leg down on SPY, there is a high chance DELL will break down from a symmetrical triangle and trigger a short position. For the short position, we should wait for the creation of a leg down on major indices or SPY. Only a strong and powerful drop in volume here without SPY in red would indicate a short-sell position.