Details: The analysis indicates DELL is progressing within wave {iii}, with an expected final push higher into wave (v). The price remains solid above the $100 level, and there is potential for a further rally toward $130 as wave (v) completes.

DELL Elliott Wave technical analysis

Function: Trend.

Mode: Motive.

Structure: Impulsive.

Position: Wave (iii) of {iii}.

Direction: Near top in wave (iii).

Details: On the short-term chart, DELL seems to be approaching the top of wave (iii), reaching the 1.618 Fibonacci extension relative to wave (i). A corrective pullback in wave (iv) is expected before the stock resumes upward movement in wave (v) to continue the broader bullish trend.

This dual-timeframe analysis applies Elliott Wave principles to highlight DELL’s current market position and near-term outlook. With a confirmed trend above key support, both charts suggest bullish continuation following a minor correction.

Dell Technologies Inc. (DELL) Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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