DELLC trade ideas
Dell Technologies going up after retracementAfter raising from 33$ to 180$ in a span of ~1.5 years, Dell technologies had a major correction to 0.618 fibonacci level in 2 months. Since then the stock has seen a steady move upward in a narrow channel. Fibonacci extension level of 1.618 indicates price target of 237$ for the next 1-2 years.
Close to Key Resistance with Strong MomentumNYSE:DELL is in a clear recovery phase after a substantial drop. Following the recent uptrend, it’s now approaching a significant resistance level near $135. This resistance level represents a prior high from June, a point where price previously struggled to hold.
Volume has increased slightly on this approach, suggesting that buyers are gaining confidence. However, if the stock fails to break above this level, it could face a pullback to test the support zone around $120.
Watch for a breakout above $135 with volume confirmation, as this could signal a continuation of the upward trend.
MA crossover gives it room to breathe every other is a trend The overbought levels are creeping up, but there is still a retrace on the current trend line, which seems to amazingly come back every two days (a scalper's dream), waiting for confirmation of a drop and the start of a new pattern. Until then, the trend is to continue making new highs, and the next step is the 150 barrier.
DELL a chart earnings **Technical Analysis of Dell Technologies Inc. (DELL) - Daily Chart**
**Overview:**
The daily chart of Dell Technologies Inc. (DELL) reveals several key technical insights that can guide potential trading strategies.
**Trend Analysis:**
1. **Uptrend:** The stock has been following a well-defined uptrend since early 2023, marked by higher highs and higher lows. This trend is represented by a series of ascending trend lines.
2. **Trendline Break:** Recently, the stock has broken above another trendline, indicating a potential acceleration in the uptrend. This breakout suggests strong bullish momentum.
**Support and Resistance Levels:**
1. **Support Levels:**
- **$138.35:** This level has acted as a support zone where the stock has previously found a base before moving higher.
- **$63.34:** Another significant support level, which was tested and held in mid-2024.
- **$26.55:** A longer-term support level from a previous consolidation phase.
2. **Resistance Levels:**
- **$193.37:** This is the current resistance level where the stock has faced selling pressure.
- **$169.31:** An intermediate resistance level that the stock may test before a potential breakout.
**Volume Analysis:**
- **Volume Spike:** There was a noticeable increase in volume during the recent price movements, particularly around the breakout levels. This volume surge confirms the strength of the current trend.
**Technical Indicators:**
1. **RSI (Relative Strength Index):** The RSI is currently near the top of its range, indicating that the stock might be overbought in the short term. This could suggest a potential pullback or consolidation before further upward movement.
2. **ECE Pattern:** The chart shows a series of ECE (Earnings Call Effect) labels, which might indicate that the stock experiences volatility around earnings announcements. Traders should be aware of these events for potential trading opportunities or risks.
**Key Observations:**
- The stock has shown resilience by holding above key support levels and breaking through resistance levels, indicating strong buying interest.
- The breakout above the trendline and resistance levels, coupled with increased volume, suggests a continuation of the uptrend.
**Trading Strategy:**
- **Long Position:** Consider entering a long position if the stock successfully breaks above $193.37 with strong volume. Set a stop loss below the recent support level at $169.31 to manage risk.
- **Short Position:** If the stock shows signs of overbought conditions (RSI nearing or above 70) and fails to break $193.37, a short position could be considered with a stop loss above this level.
**Conclusion:**
Dell Technologies Inc. (DELL) is currently in a strong uptrend with recent breakouts confirming bullish momentum. However, traders should monitor the RSI for potential overbought conditions and watch for volume patterns around key support and resistance levels. Always consider broader market conditions and news events that might impact stock performance.
Long DELL @ 134.39-oversoldThis one is surprisingly profitable. Usually large caps aren't that great for these kinds of trades, but DELL is. On top of that, it's in a strong uptrend (up almost 200% in the last 12M), it is past earnings, and has a dividend coming up soon in case I"m stuck holding, which doesn't happen often with DELL. Additionally, it's already been oversold 2 days now and the longest it's been oversold in the last 12M has been 2 days.
Buy as long as it's oversold and sell each lot as it becomes both overbought and profitable is the plan here. Relevant stats are below.
12M Record: 15-2* (2 are from yesterday and today and not closed yet)
Including those two open trades as a 2% current loss and a zero right now-
Average trade = +6.7%
Median = +6.1%
Avg hold per lot = 6.7 trading days
Longest hold = 11 days
Largest position = 3 lots
Total 12M return = 1.02x lot size
Average return%/lot/day = +.95%
As always, this is for fun and not intended as financial advice, merely a log of my trades. Trade at your own risk. I'll post updates as I add or close lots.
DELL eyes on $116.01: Golden sister of the Golden topperPlotted here is the "Genesis Squence" for this asset.
It is a Fibonacci series originating from its "Birth".
Each level is relevant, especially the "Golden" ones.
The top was announced by a loud "Ping" on the Golden.
Like from "Give me a ping Vasily, one Ping only please".
A ricochet so violent that one could almost HEAR it.
Now we are tickling the Godlen sister of our topper.
She has recenlty proven her strength with rejections.
Another rejection could mark "lower high" for a while.
Click below for a SINGLE-PANE version of this plot (so you can make a copy):
See previous analysis below under "Related Publications".
Can a Tech Giant Redefine the Future of Enterprise Computing?In an era where technology companies rise and fall with stunning rapidity, Dell Technologies has orchestrated a remarkable transformation that challenges conventional wisdom about legacy tech companies. The company's strategic positioning in the hybrid cloud market, coupled with recent market disruptions affecting competitors like Super Micro Computer, has created an unprecedented opportunity for Dell to reshape the enterprise computing landscape.
Dell's masterful execution of its hybrid cloud strategy, particularly through its groundbreaking partnership with Nutanix, demonstrates the power of strategic evolution. The integration of PowerFlex software-defined storage and the introduction of the XC Plus appliance represent more than mere product innovations—they exemplify a deeper understanding of how enterprise computing needs are fundamentally changing. This transformation is particularly evident in regions like Saudi Arabia, where Dell's two-decade presence has evolved into a catalyst for technological advancement and digital transformation.
The financial markets have begun to recognize this shifting dynamic, as reflected in Dell's impressive 38% year-over-year growth in infrastructure solutions revenue. However, the true significance lies not in the numbers alone, but in what they represent: a traditional hardware company successfully pivoting to meet the complex demands of the AI era while maintaining its core strengths in enterprise computing. For investors and industry observers alike, Dell's journey presents a compelling case study in how established tech giants can not only survive but thrive in an era of rapid technological change.
Dude, long DELL! DELL popped up on my radar with a whopping 18603397% increase in insider aqusition, for a cumulative total of 31962283 shares bought by insiders.
Outlook from the monthly perspective is bullish, with a target of 131. Pasisng of which leads us to 137.
I am longing to 131 as primary target then 137.
Not advice of course.
Safe trades!
Break double top and fill the gap is my observation 135Just crossed over to positive on the indicator; the reversal isn't given the continuation is far from over, even stochastic; rsi is bending down a little and may also play in the channel after it's formed, but still confident of a breakout due to catalyst fundamentals and technicals.
Shorts Trapped Into Insider Selling | DELL I've been actively trading DELL with my private community members and I believe the company is gearing up for another positive run. Despite the news about Michael Dell selling more shares, which may have trapped some short-sellers, DELL is making strategic moves such as reducing costs, rejoining the S&P500, and aiming to capture market share from SMCI.
With this in mind, I see two potential entry points:
a. Enter the trade above $121.50, aiming for $127.
b. Enter the trade once it breaks $127, targeting $138.
Personally, I prefer the second option. DM me with any questions!
DELL BullishHi traders,
The price is inside of the rising wedge formation. Currently the price sits close to upslopping support and 200 SMA. It seems it is the right moment to take long position. Probable scenario is shown on the chart. Our target is at upslopping resistance. The invalidation of this thesis is break and close below the upslopping support.
Dell Triumphant Return to the S&P 500: What’s Driving the Rally?Dell Technologies (NYSE: NYSE:DELL ) has made headlines with its upcoming re-inclusion in the S&P 500 Index, effective September 23. This marks a significant milestone for the tech giant, which was previously part of the S&P 500 from 1996 until 2013 before going private. The announcement has sent Dell’s stock price soaring, with shares jumping 6.1% in premarket trading on Monday. The re-entry into the S&P 500 is more than just symbolic; it represents renewed market confidence and a bright outlook for the company’s future.
Strong Market Position and Growth Drivers
Dell’s re-inclusion in the S&P 500 is not just about index rebalancing; it signals a broader positive trajectory fueled by several key factors. According to analysts at Citi Research, Dell’s fundamentals are strong, and the company is positioned to capitalize on multiple growth levers, making it a compelling buy.
1. Recovery in Enterprise Infrastructure Demand: Dell’s enterprise hardware products, including servers and storage solutions, are expected to benefit as businesses reinvest in critical infrastructure. After a period of constrained IT spending, Dell stands ready to capture significant market share as economic conditions improve.
2. PC Refresh Cycle: Dell is poised to gain from an upcoming global PC refresh cycle, expected to drive demand into 2025. As businesses and households upgrade aging PC systems, Dell’s personal computing segment is set to experience substantial sales growth. This cycle represents a critical growth driver for Dell’s core business.
3. AI Momentum: Dell’s focus on AI solutions positions it as a key player in the rapidly expanding AI market. As companies increasingly adopt AI workloads that require robust compute and storage resources, Dell’s expanding AI product portfolio could lead to significant revenue growth. The company’s expertise in providing the necessary hardware for AI applications aligns perfectly with emerging market needs.
4. Capital Returns and Valuation: Citi has set a target price of $160 for Dell, based on a 9.8x EV/EBITDA multiple applied to projected earnings over the next 24 months. This valuation reflects the company’s ability to execute and capitalize on growth opportunities. Compared to peers in the large enterprise hardware sector, Dell’s valuation strikes a balance that reflects both potential upside and inherent risks.
5. Challenges to Watch: While the outlook is positive, Dell faces challenges, including competition from hyperscalers and cloud computing solutions that pressure traditional enterprise hardware demand. The evolving landscape of cloud-enabled infrastructure and potential delays in the PC refresh cycle could impact Dell’s near-term growth prospects. Additionally, there is uncertainty around the pace at which Dell’s AI backlog will convert into tangible revenue.
Technical Outlook
Currently, Dell stock is up 4.48%, trading with a moderate Relative Strength Index (RSI) of 4.83%, which suggests room for further growth.
1. Bullish Flag Pattern: Dell’s daily price chart shows a bullish flag pattern, a continuation formation that signals a potential upward breakout. If the stock price reaches the $150 pivot point, it would confirm a bullish reversal, setting the stage for a sustained rally.
2. Support and Resistance Levels: Dell is trading just below its 200-day moving average, a key resistance level. A decisive break above this level would reinforce the bullish trend and attract further buying interest.
3. Volume and Momentum Indicators: Increased trading volume accompanying the recent price surge adds conviction to the bullish outlook. Momentum indicators suggest that Dell is on the cusp of a significant move higher, particularly with the backdrop of strong fundamentals and market sentiment.
Looking Ahead
Dell’s upcoming S&P 500 re-inclusion, combined with its strategic positioning in key growth areas, presents a compelling case for investors. The company’s ability to navigate the complexities of the evolving enterprise hardware market while capitalizing on the AI boom and PC upgrade cycle underpins its long-term growth potential.
While challenges remain, Dell’s re-entry into the S&P 500 is a testament to its resilience and strategic execution. With strong fundamentals, technical momentum, and multiple growth levers at play, Dell is well-positioned for continued success in the coming years. For investors, the current setup presents a unique opportunity to participate in the resurgence of a tech powerhouse.