Dell’s stock is up 235% this year — and earnings could propel it even higher, analysts say
With Dell (DELL) shares up 235% this year, analysts expect the company can still exceed high expectations ahead of its upcoming earnings report.
The current stock price of $435.70 lies between the 20-day low support level ($358.88) and the high resistance level ($514.00). While the moving averages are in a bullish alignment, the stock has shown a downtrend over the past 7 days; therefore, we are considering a buy, judging that a phased entry after confirming the support level would be advantageous.
After confirming the bullish alignment of the moving averages and the support level, approach the stock in tranches. Take profit if the price reaches the resistance level of $514.0, and cut losses if it breaks below the support level of $358.88.
The RSI(14) stands at 52.9, indicating a neutral phase. While the moving averages maintain a bullish alignment, trading volume is somewhat low at 0.63 times the 20-day average, and the stock has shown a downward trend with a rate of change of -8.8% over the past 7 days.
Given the prior history of 2026-08-14 (-2.2%), 2026-08-13 (-0.7%), 2026-08-04 (+7.5%), 2026-07-24 (+2.0%), and 2026-07-24 (+2.0%), this stock has shown a pattern of repeated short-term fluctuations around earnings and events.
Initially, with the moving averages in a bullish alignment, the stock had shown a -8.8% decline over the past 7 days. Based on RSI(14) of 52.9 and trading volume at 0.63x the 20-day average, the plan was to enter in tranches after confirming support at $358.88. However, the actual result recorded a 13.0% return, significantly exceeding the forecast of 3.2%, and closed as OVERHIT. The market's reaction to the surge in AI server demand and the upward revision of annual guidance was far stronger than anticipated, driving a rapid breakout of the short-term downward correction zone and an extended uptrend. The limitation was that the approach remained conservative, failing to fully reflect this momentum.
Through this trade, we confirmed that stocks aligned with a strong theme (an increasing trend in tech theme news and an S-Class conversion rate of 16.3%) can deliver gains larger than expected if momentum is maintained despite a temporary downturn in short-term indicators (recent 7-day change of -8.8%). Going forward, for stocks backed by strong earnings expectations, we will adjust our execution strategy to respond flexibly when setting profit-taking targets, not only through a split approach near support levels but also by keeping open the possibility of momentum expansion.