The Hourly View for DELL
At the moment, DELL (Get Ratings)’s price is up $0.09 (0.09%) from the hour prior. This is the 2nd hour in a row DELL has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
DELL’s Technical Outlook on the Daily Chart
Currently, DELL’s price is up $0.43 (0.43%) from the day prior. This move is a reversal from the day prior, which saw price move down. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Dell Technologies Inc’s price action over the past 90 days can be seen via the chart below.
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