In-Depth Elliott Wave Breakdown for Dell Technologies Inc. (DELL)

This technical analysis on Dell Technologies Inc. (NASDAQ: DELL) using Elliott Wave Theory shows a strong bullish impulse pattern developing across both daily and intraday timeframes.

DELL Elliott Wave Forecast – Trading Lounge Daily Chart

Dell Technologies Inc. (DELL) – Daily Chart Analysis

Updated Elliott Wave Technical Analysis for DELL

FUNCTION: Trend

MODE: Motive

STRUCTURE: Impulsive

POSITION: Advancing in Wave {v} of 1

DIRECTION: Bullish move in Wave {v}

DETAILS: Dell Technologies is actively progressing through Wave {v}, with bullish momentum aiming for the Minor Group1 resistance zone near $130.

Daily Chart Analysis – Advancing Through Primary Wave 1

The daily chart reveals that Dell is progressing within Primary Wave 1, now unfolding its final leg: Wave {v}. With bullish momentum intact, price action is aiming for the $130 resistance, in line with the Minor Group1 zone. The impulsive wave structure remains stable, validating continued upside potential.

Dell Technologies Inc. (DELL) Elliott Wave Technical Analysis  – 1H Chart

Updated Elliott Wave Technical Analysis for DELL

FUNCTION: Trend

MODE: Motive

STRUCTURE: Impulsive

POSITION: Wave (iii) forming within Wave {v}

DIRECTION: Continued upward trend in Wave {v}

DETAILS: Wave (ii) of {v} appears complete, indicating a potential move higher toward the $130 level. The 61.8% Fibonacci extension of Wave {v} relative to Wave {i} supports this bullish target.

1-Hour Chart Analysis – Bullish Wave (iii) in Motion

Short-term chart analysis suggests Wave (ii) of {v} has concluded. Dell is likely entering Wave (iii), typically characterized by increased upward acceleration. The Fibonacci 61.8% extension projection for Wave {v} relative to Wave {i} also points to a price objective around $130, aligning with the resistance observed in the daily timeframe.

Technical Analyst: Alessio Barretta

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