Dell's 93% Rally Hits Q3 Crossroads – What's Next For The Stock?

Dell Technologies Inc 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.

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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.

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%.

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