2026-02-05
Market Status: DELL is in a bearish trend, trading below all major EMAs (EMA50: 124.21, EMA200: 126.15). The stock is showing weakness with volatile swings and lower closes.
Technical Indicators: MACD histogram showing slight improvement but still negative (-2.23). RSI at 45.27 indicates neutral to weak momentum, hovering near oversold territory but not extreme.
Recent Action: Wild volatility! Feb 4 saw a strong rally (+3.26%), immediately followed by a harsh rejection on Feb 5 (-4.09%) with a long wick down to 113.05, suggesting strong selling pressure.
Prediction: Short-term bearish bias continues. Expect consolidation or another red candle tomorrow. Weekly close likely below open given the downtrend momentum.
Trend: 🐻 BEARISH
Candlestick Pattern: Bearish Rejection Pattern (Feb 4-5: Bullish candle followed by bearish engulfing with long lower wick showing failed support)
Support: 🟢 113.05 (Feb 5 intraday low wick)
Resistance: 🔴 122.72 (Feb 5 high rejection level)
PUTBUY DELL @ 115
Expiration: Feb 19, 2026 · 14 days out