DELL Elliott Wave Analysis for Dell Technologies Inc. (DELL)
In this Elliott Wave analysis for Dell Technologies Inc. (DELL), we examine both the daily and 1-hour charts to evaluate the stock's current price action and structure. This analysis offers insights into potential trading opportunities based on wave positioning and anticipated market moves.
DELL Elliott Wave Analysis – TradingLounge Daily Chart
Dell Technologies Inc. (DELL) – Daily Chart Analysis
DELL Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Minute {iii}
DIRECTION: Upside into wave {iii} of 1
DETAILS: The stock is searching for confirmation of a bottom in Wave (4), which currently requires further validation. This confirmation might come from a classic Trading Levels pattern around the MG1 level of $100.
DELL Elliott Wave Technical Analysis – Daily Chart
On the daily chart, Dell Technologies is moving impulsively within Minute Wave {iii} of 1. The stock is awaiting confirmation of a bottom in Wave (4). A critical level to watch is MG1 (Minor Group 1) at $100, which could act as a support or pivot point. A classic Trading Levels pattern around this zone would offer confirmation that Wave (4) has concluded, and Wave {iii} has commenced.
The anticipated price action is expected to be bullish as Wave {iii} unfolds, with the stock likely to push beyond the $100 level as its initial target.
DELL Elliott Wave Analysis – TradingLounge 1-Hour Chart
Dell Technologies Inc. (DELL) – 1-Hour Chart Analysis
DELL Stock Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave (i) of {iii}
DIRECTION: Completion of Wave (i)
DETAILS: We are expecting one more leg higher, aiming for what seems to be Wave v of (i), as the stock moves sideways within a triangle formation.
DELL Elliott Wave Technical Analysis – 1-Hour Chart
In the 1-hour chart, Dell Technologies is progressing through Wave (i) of {iii}, nearing the final push in Wave v of (i). The stock is currently moving sideways, forming a triangle, which is a common pattern before the final leg in a wave sequence.
Once Wave (i) is completed, a minor correction might occur before further upside continues within Wave {iii}. Traders should watch for a breakout from the triangle, as it is likely to signal the completion of this initial wave.
Technical Analyst: Alessio Barretta
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