Earnings Report on the Horizon: Dell Technologies Poised for Market Movement

Company Overview: Dell Technologies Inc DELL is set to release its third-quarter earnings on Tuesday. Analysts predict earnings per share (EPS) of $2.05 and revenues totaling $24.65 billion, with reports coming out after market hours.

Over the past year, Dell’s stock has surged by 93.61%, with a monthly increase of 19.48%.

Here’s what current trends suggest for Dell’s stock performance leading up to the earnings report.

Examining Dell’s Stock Performance Ahead of Earnings

Dell’s stock is exhibiting a strong bullish trend, trading at $144.16. This price is significantly higher than the five-day, 20-day, and 50-day exponential moving averages, indicating positive investor sentiment.

Chart created using Benzinga Pro

The stock’s upward trend is supported by key moving averages: the eight-day simple moving average (SMA) at $137.40, the 20-day SMA at $134.40, and the 50-day SMA at $126.41—all indicating strong bullish momentum. Furthermore, the stock consistently remains above its 200-day SMA of $122.23, reflecting long-term growth potential.

While the Moving Average Convergence Divergence (MACD) value of 4.36 confirms a bullish trend and the RSI at 66.17 suggests strong buying interest, the RSI’s proximity to overbought territory raises concerns about potential bearish consolidation. Investors should remain vigilant as slight selling pressure hints at possible short-term volatility.

Analysts Forecast Moderate Growth for Dell Stock

Ratings & Consensus Estimates: Analysts currently give Dell stock a consensus rating of Buy, with an average price target of $121.73. Notably, recent ratings from Evercore ISI Group, Wells Fargo, and Morgan Stanley indicate an average target of $154.67, suggesting a potential 7% upside.

Current Price Action: At the end of trading on Monday, Dell stock closed at $144.16, reflecting a slight decrease of 0.03%.

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