Dell Stock Analysis: Bullish Momentum Points Towards Potential All-Time Highs

Dell Technologies Inc. (NYSE: DELL) appears to be on a strong upward trajectory as it chases a return to all-time highs. Following a breakout in mid-June 2025, the stock has maintained its bullish momentum, showing no signs of slowing down. As of pre-market trading, Dell shares are priced at approximately $139.70.

From a technical analysis perspective, the next resistance level to watch is $147.56. A decisive breakout above this price could pave the way for a move towards $179.69, representing a significant extension of the current rally. On the downside, initial support sits at $123.90, with a break below this level potentially shifting focus to the $106.43 support zone.

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Technical Indicators Signal Strong Bullish Momentum

The MACD indicator continues to reflect strong bullish sentiment, with the MACD line rising steadily and showing plenty of upside potential before approaching overbought territory. Historically, such MACD trends have supported sustained upward price movements, suggesting that Dell could have further room to rally.

At current levels, a move back to Dell’s all-time highs could offer potential returns of nearly 30% for traders and investors who capture the trend early.

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Outlook for Traders and Investors

Dell’s technical breakout combined with strong momentum indicators paints a favourable picture for short-term traders seeking upside opportunities. Long-term investors may also view the current price action as a sign of renewed strength, especially if the stock can maintain its trajectory above key support levels.

With resistance at $147.56 and support at $123.90, traders have clear price zones to monitor for entry and exit signals. A rally beyond $179.69 would mark a new all-time high and could reinforce Dell’s status as a leading performer in the tech sector in 2025.