American stocks are on edge this week as focus shifts to the upcoming decision on tariffs and NVIDIA earnings. The S&P 500, NASDAQ 100, and Dow Jones indices have all pulled back in the past few days. This article provides a forecast for some of the top stocks to watch this week as they publish their financial results, including Dell, Edison International, and Duolingo.
Dell share price forecast
Dell stock price has remained on edge in the past few months even as demand for its equipment and technology rose because of the artificial intelligence sector. The stock has crashed from $177.47 in May 2024 to $110 today.
It has retreated below the 50-day and 200-day Exponential Moving Averages (EMA), a sign that bears are taking control.
The stock has formed a symmetrical triangle pattern, which is made up of two converging trendlines. These lines are now about to converge, meaning that a big move will happen after earnings. This move may be a bullish breakout or a breakdown.
A bullish breakout will see the stock jump to $110, the upper side of the triangle pattern. On the other hand, a breakdown may see it crash to the psychological point at $100.
These results come a week after Dell reached an agreement with Elon Musk to build AI servers worth about $5 billion. They will come a day after NVIDIA publishes its financial results, which will shed more color on the state of the artificial intelligence (AI) industry.
Edison International stock forecast (EIX)
Edison International stock price will be in the spotlight this week as it releases its financial results. These will be notable because they come a few weeks after the California fires caused damage worth billions of dollars. Edison has been blamed for the fires although that has not been verified.
The Edison International stock price has crashed from last year’s high of $87.95 to $52.50. It has dropped below the key support level at $55.70, the lowest swing in September 2023 The stock has also formed a death cross as the 50-day and 200-day Exponential Moving Averages (EMA) crossed each other.
Edison International share price has also formed a bearish pennant chart pattern, comprising a long vertical line and a small triangle pattern. Therefore, the stock will likely crash after earnings this week. That crash may see it retest the year-to-date low of $49.10. The alternative scenario is where the stock rebounds and retests the resistance level at $55.70.
Duolingo stock price analysis
Duolingo stock price will be in the spotlight as the language education company publishes its financial results. These number come at a time when the stock has pulled back from $440 earlier this month to $385.
Wall Street analysts anticipate the numbers to show that the Duolingo revenues rose by 36% in the fourth quarter to $205 million. If accurate, these numbers will bring the annual figure to $743 million, followed by $964 million in 2025. Duolingo’s earnings per share is expected to be $1.09, up from 73 cents in the same period last year.
The daily chart shows that the DUOL share price peaked at $443 and then pulled back to $380. This retreat was notable since it happened after it retested a crucial resistance that connects the highest swings since September 26. The stock remains above the 5-day and 200-day moving averages.
Therefore, the Duolingo share price will likely rebound as bulls target the key resistance level at $443, up by over 12% from the current level.
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