In the weekly bar chart of DELL, below, we can see that prices have broken a three-year uptrend and the slope of the 40-week moving average line is negative. The weekly OBV line has weakened the past four months so there has been considerable selling or distribution.
The weekly MACD oscillator is bearish.
In this first daily Point and Figure chart of DELL, below, we can see a potential downside price target of $42.
In this second weekly Point and Figure chart of DELL, below, we can see a potential downside price objective of around $30, which would mean revisiting the price areas from 2017.
Bottom-line strategy: I have no idea if DELL will hit or miss its numbers but the charts and indicators suggest further declines in the months ahead. Avoid the long side of DELL. Our targets are $42 and maybe $30.