Dell Stock Chart Looks Bullish, But Can Q4 Earnings Power It Past Resistance?

Core Viewpoint - Dell Technologies Inc is set to report its fourth-quarter earnings, with Wall Street expecting an EPS of $2.53 and revenues of $24.56 billion, indicating a strong market interest in the upcoming results [1] Stock Performance - Dell stock has increased by 26.31% over the past year but has seen a slight decline of 0.76% year-to-date [1] - The stock is currently trading at $112.85, with analysts projecting a price target of $134.05, suggesting a potential upside of 24% [6] Technical Analysis - The stock is exhibiting a strongly bullish trend, trading above its five-day, 20-day, and 50-day exponential moving averages, indicating sustained buying pressure [2] - The Moving Average Convergence Divergence (MACD) indicator at 0.94 supports a bullish outlook, while the 20-day and 50-day simple moving averages (SMA) at $111.04 and $112.98 indicate continued strength in the short- to mid-term [3] - However, the eight-day SMA at $116.52 presents a bearish signal, suggesting near-term resistance, and the 200-day SMA at $122.99 indicates a longer-term downtrend, which could hinder sustained gains [4] Investor Sentiment - The Relative Strength Index (RSI) of 49.90 places Dell stock in neutral territory, indicating it is neither overbought nor oversold, with potential buying opportunities if the stock dips toward the 50-day SMA [5]