Dell Technologies (DELL) Price Forecast: Bullish Structure Holds After Earnings Surge

Author: Bruce Powers

Published: March 09, 2026

Key Points

• Dell Technologies Inc. rallies after earnings, reaching a trend high of $153.72.
• Price consolidates near highs following a strong post-earnings advance.
• Reclaiming the 100-day and 200-day moving averages strengthens the bullish outlook.
• $141.02 marks key support within a five-day consolidation range.
• A break above $149.16 could trigger the next upside leg.

Earnings Surge Drives Powerful Upswing

Shares of Dell Technologies Inc. (DELL) responded positively to the company’s fiscal Q4 2026 earnings report released on February 26. The stock gapped up at the open the following day, continuing its strength into the next week, achieving a trend high of $153.72. This advance nearly completed a 78.6% Fibonacci retracement at $155.59 before momentum stalled. The stock has since consolidated near these highs, beginning its recent upswing from a higher swing low of $111.20.

Reclaiming Long-Term Trend Indicators

During the advance, the stock reclaimed both the 100-day and 200-day moving averages, which had previously acted as significant support and resistance levels. Maintaining price above these averages enhances the potential for a long-term uptrend in DELL.

Wedge Breakout Sets the Stage

The sharp advance post-earnings followed a breakout from a falling bullish wedge pattern in early February. Although momentum had slowed after the breakout, the recent high of $153.72 confirmed bullish follow-through, as a lower swing high at $142.34 from December was reclaimed, signaling a trend reversal. This level also marked the upper boundary of the prior wedge formation.

Consolidation Near Highs

Despite recent pressures on equities, DELL has performed relatively well and appears poised for another upward movement. The prior resistance near the December peak has been tested as support for five days, with a low of $141.36. The lowest point of $141.02 provides the lower boundary of a five-day consolidation range. A rally and breakout above last Thursday’s high of $149.16 would signal renewed upside momentum and potentially initiate the next advance from this consolidation phase.

Key Support Levels to Watch

If a deeper pullback occurs below $141.02, key trend indicators may be tested as support. The 100-day moving average, near $132.12, serves as the first trend indicator for potential support, followed by the 200-day moving average at $129.90. Successfully defending these levels would help maintain the broader bullish structure established after the earnings-driven breakout.

About the Author

Bruce Powers is a seasoned finance professional with over 20 years of experience in financial markets. He holds an MBA and is a CMT® charter holder. Having served as head of trading strategy at hedge funds and as a corporate advisor for trading firms, Bruce shares his expertise in futures and provides actionable insights through both technical and fundamental analyses.