Dell Technologies (DELL) stock advanced slightly in its latest intraday trading, after finding support at its previous 50-day SMA. The short-term corrective bullish trend remains in control, with a positive divergence starting to form in the Stochastic indicators after reaching extremely oversold levels, exaggerated relative to the stocks movement. A positive crossover has also begun to appear, adding to the surrounding bullish momentum.

Therefore, we expect the stock to rise in its upcoming trading, provided the support level of 123.88 holds, to then target the key resistance level of 147.66.

Todays price forecast: Bullish.