Dell closing today at 109.15 what is your forecast for dell stock price tomorrow
9/5/2024 09:50am
**Dell Technologies' stock price is forecasted to rise slightly to $110.26 in the next trading day**, based on the following analysis:
1. **Positive Short-Term Trend Indicators**:
- The 5-day moving average is $111.53, and the 10-day moving average is $111.39. This suggests a short-term uptrend, as the stock price is currently above these averages.
- The MACD (Moving Average Convergence Divergence) is at 2.58, which is a positive value indicating potential upward momentum.
- The RSI (Relative Strength Index) is at 44.03, which is neither overbought nor oversold, suggesting a balanced market sentiment.
- The KDJ (Stochastic Oscillator) is at 9.6, which is a low value indicating that the stock may be oversold, which could lead to a price rebound.
2. **Recent Performance and Analyst Expectations**:
- Dell's stock price has been stable, with no significant fluctuations in the last few days.
- Analysts have not provided specific price targets or forecasts for the immediate future, but the current forecast price of $110.26 suggests a modest increase from the current levels.
3. **Market Sentiment and Technical Levels**:
- The resistance level is at $112.64, which is slightly above the forecast price, indicating that the stock may face some upward pressure but is not overly bullish.
- The support level is at $109.14, which is very close to the current closing price, suggesting that the stock has some stability and may not fall significantly below this level.
4. **Earnings Release and Trading Hours**:
- The next earnings report is scheduled for August 29, 2024, after the market close. This typically leads to a pause in trading as investors await the release, followed by volatility as the market reacts to the news.
- The current trading day is September 4, 2024, and the forecast is for the next trading day, September 5, 2024, which is not affected by the earnings release date.
In conclusion, while there are no specific earnings or major events scheduled for Dell on the next trading day, the technical indicators suggest a slight uptrend, and the forecast price reflects a modest increase from the current levels. However, investors should monitor the stock closely for any changes in market sentiment or unexpected news that could affect the forecast.