Dell’s 93% Rally Hits Q3 Crossroads – What’s Next for the Stock? – Dell Technologies (NYSE:DELL)

Dell Technologies Inc DELL will announce its third quarter results on Tuesday. Wall Street expects $2.05 in EPS and $24.65 billion in revenue for the company to report after market hours.

The stock is up 93.61% over the past year, 19.48% over the past month.

Let’s take a look at what the charts indicate for Dell stock and how the stock currently maps against Wall Street estimates.

Also Read: How to Make $500 a Month on Dell Stock Ahead of Q3 Earnings

Dell’s technical setup ahead of third quarter earnings

Dell stock is showing a strong bullish trend with the 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 of $134.40, and the 50-day SMA of $126.41, all pointing to continued bullish strength.

Additionally, the stock remains well above its 200-day SMA of $122.23, underscoring long-term upside momentum.

However, while the Moving Average Convergence Divergence (MACD) of 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.

Light selling pressure also suggests potential near-term volatility. While the trend remains strongly bullish, investors should monitor for signs of cooling as the stock nears overbought levels.

Analysts see 7% upside

Ratings and Consensus Estimates: The consensus analyst rating on Dell stock is currently a Buy 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%.

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