(DELL) Investment Analysis

October 31, 2024, 20:36 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DELL

• Buy DELL near 112.73 target 136.36 stop loss @ 112.4 Details

The technical summary data tells us to buy DELL near 112.73 with an upside target of 136.36. This data also tells us to set a stop loss @ 112.4 to protect against excessive loss in case the stock begins to move against the trade. 112.73 is the first level of support below 123.63 , and by rule, any test of support is a buy signal. In this case, support 112.73 would be being tested, so a buy signal would exist.

• Short DELL slightly under 136.36, target 112.73, stop loss @ 136.75 Details

The technical summary data is suggesting a short of DELL as it gets near 136.36 with a downside target of 112.73. We should have a stop loss in place at 136.75though. 136.36 is the first level of resistance above 123.63, and by rule, any test of resistance is a short signal. In this case, if resistance 136.36 is being tested, so a short signal would exist.

Swing Trading Plans for DELL

• Buy DELL slightly over 127.05, target 136.36, Stop Loss @ 126.68 Details

If 127.05 begins to break higher, the technical summary data tells us to buy DELL just slightly over 127.05, with an upside target of 136.36. The data also tells us to set a stop loss @ 126.68 in case the stock turns against the trade. 127.05 is the first level of resistance above 123.63, and by rule, any break above resistance is a buy signal. In this case, 127.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short DELL slightly near 127.05, target 119.12, Stop Loss @ 127.42. Details

The technical summary data is suggesting a short of DELL if it tests 127.05 with a downside target of 119.12. We should have a stop loss in place at 127.42 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 127.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for DELL

• Buy DELL slightly over 127.05, target 130, Stop Loss @ 126.75 Details

If 127.05 begins to break higher, the technical summary data tells us to buy DELL just slightly over 127.05, with an upside target of 130. The data also tells us to set a stop loss @ 126.75 in case the stock turns against the trade. 127.05 is the first level of resistance above 123.63, and by rule, any break above resistance is a buy signal. In this case, 127.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short DELL slightly near 127.05, target 123.32, Stop Loss @ 127.35. Details

The technical summary data is suggesting a short of DELL if it tests 127.05 with a downside target of 123.32. We should have a stop loss in place at 127.35 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 127.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Dell Technologies Inc. Class C (DELL) available here: DELL.

DELL Ratings for October 31:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	112.73
P2	123.32	119.12	136.36
P3	130	127.05	164.9

AI Generated Signals for DELL

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With an objective approach to Dell Technologies Inc. Class C (NASDAQ: DELL), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DELL change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DELL is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DELL too.  All of these are offered below the Summary Table.