Arm Holdings PLC ARM will be reporting its third-quarter earnings on Wednesday. Wall Street expects 34 cents in EPS and $946.73 million in revenues as the company reports after market hours.

The stock is up 121.37% over the past year, 26.52% YTD.

Let’s look at what the charts indicate for Arm stock and how the stock currently maps against Wall Street estimates.

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ARM Stock Strongly Bullish Ahead Of Q3 Earnings

ARM stock is exhibiting strong bullish momentum, with its share price of $162.20 trading above key moving averages, including the five-day, 20-day and 50-day exponential moving averages. This sustained position signals strong buying pressure, reinforcing a positive outlook for continued bullish movement.

Chart created using Benzinga Pro

The eight-day, 20-day, 50-day and 200-day simple moving averages all indicate bullish signals, further confirming the stock's strength in the current trend.

Additionally, the Moving Average Convergence Divergence indicator at 5.07 supports the bullish outlook, while the Relative Strength Index at 58.20 suggests the stock is not yet overbought, leaving room for further upside.

Investors should watch for potential resistance levels, but the overall technical setup points to continued strength in the near term.

Arm Analysts See 7% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Arm stock stands at a Buy with a price target of $139.23. Susquehanna, Barclays and Wells Fargo's latest ratings give ARM Holdings a $152.33 target, implying a 6.72% downside.

ARM Stock Price Action: Arm stock was up 2.8% to $166.75 at the time of publication Wednesday.

Read Next:

• Top Wall Street Forecasters Revamp Arm Holdings Price Expectations Ahead Of Q3 Earnings

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