Dell Technologies Inc (NYSE:DELL) will be reporting its third-quarter earnings on Tuesday. Wall Street expects $2.05 in EPS and $24.65 billion in revenues as the company reports after market hours.
The stock is up 93.61% over the past year, 19.48% over the past month.
Let’s look at what the charts indicate for Dell stock and how the stock currently maps against Wall Street estimates.
Read Also: How To Earn $500 A Month From Dell Stock Ahead Of Q3 Earnings
Considering trying out virtual dating RN? We got you. Here are some tips to turn you into a video dating pro — instantly.
Dell Technical Setup Ahead Of Q3 Earnings
Dell stock is showcasing a strong bullish trend, with its share price at $144.16 comfortably above the five-day, 20-day and 50-day exponential moving averages.
Chart created using Benzinga Pro
This upward momentum is reinforced by the eight-day simple moving average (SMA) of $137.40, the 20-day SMA at $134.40 and the 50-day SMA at $126.41, all pointing to continued bullish strength.
Additionally, the stock remains well above its 200-day SMA of $122.23, underscoring long-term upward momentum.
Are You Taking One of These 9 “Memory Erasing” Prescriptions? [ad]
You may think your memory loss is just a sign of getting older, but one of these 9 drugs could actually be damaging your brain... These 9 prescription drugs have now been linked to Alzheimer's disease diagnoses. If you're over the age of 60, and you're taking even 1 of these 9 drugs, your brain could be at risk. Click here to learn more.
However, while the Moving Average Convergence Divergence (MACD) at 4.36 confirms the bullish trend, and the RSI of 66.17 indicates strong buying momentum, the RSI’s proximity to overbought territory suggests a risk of bearish consolidation.
Slight selling pressure also hints at potential near-term volatility. While the trend remains firmly bullish, investors should monitor for signs of cooling off as the stock approaches overbought levels.
Analysts See 7% Upside
Ratings & Consensus Estimates: The consensus analyst rating on Dell stock stands at a Buy currently with a price target of $121.73. Recent analyst ratings from Evercore ISI Group, Wells Fargo and Morgan Stanley suggest an average price target of $154.67 for Dell stock implying a 7% upside.
Price Action: Dell stock closed the trading day Monday at $144.16, down 0.03%.
If you can’t decide whether to get the 2-in-1 Windows tablet hybrid, traditional laptop, or desktop, we’re here to help.
Read Next:
Image: Shutterstock