Dell Technologies rebounds 10.4% this week
Dell Technologies rebounds 10.4% as the double bottom holds in the 368 area
Dell Technologies rebounds 10.4% this week
Our view last week
After the surge two weeks ago, Dell Technologies is pulling back again: the stock shed 8.9% this week and sellers are back in charge, with 70% of volume on the sell side. The weekly RSI stays high at 70.7, but it's already down from last week's extremes - the persistent-overbought signal we flagged is starting to play out. On the daily chart a clean double bottom still holds in the 363 area, with a 30% intermediate rebound.
This week's summary
Dell Technologies is back on the move: after last week's 8.9% drop, Dell Technologies shares rebound 10.4% this week and buyers take clear control again, with 77% of volume on the buy side. The daily double bottom is holding in the 368 area, but the weekly RSI stays high at 74.5 - the persistent-overbought signal hasn't fully unwound yet. The trade has been under management for 21 weeks, more than 195% in profit.
IQS Phase
52
ordinary
Signal Strength
86
high · wide & volatile
Sizing
FULL
Ranking
#8 / 124
US stocks in progress
Trade P&L %
+195.45%
from signal to today
Rank position
ranks 8th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 86 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
DELL belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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