Lululemon Athletica Inc (LULU  ) will report second-quarter earnings on Thursday after market hours.The stock is down 27.67% over the past year, 47.64% year-to-date.Let's look at what the charts indicate for Lululemon stock and how the stock currently maps against estimates (Wall Street expects $2.92 in EPS and $2.409 billion in revenues).

Lululemon Stock Chart Mixed Ahead Of Q2 Earnings

Lululemon stock is showing a mixed technical picture with some signals favoring a bullish outlook, while others suggest a more cautious stance.

The stock is currently trading at $262.96, slightly below its eight-day but above its 20-day simple moving averages (SMAs) of $265.39 and $251.46, respectively, indicating a short-term bullish trend.

However, the 50-day SMA sits higher at $273.99 and the 200-day SMA is significantly above at $381.78, both of which are bearish signals as the stock remains below these key levels.

The Moving Average Convergence Divergence (MACD) indicator is at a negative 0.45, further suggesting a bearish momentum.

Additionally, the Relative Strength Index (RSI) stands at 50.46, which is the neutral range so the stock is neither overbought nor oversold.

The Bollinger Bands are relatively narrow, with the upper band at $276.25 and the lower band at $228.05, reflecting limited volatility and hinting at a possible upcoming price contraction.

Overall, while there is some slight buying pressure, the technical indicators suggest a cautious approach as the stock navigates a mixed trend environment.

Lululemon Analysts See 27% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Lululemon stock stands at a Buy currently with a price target of $387.72.

The three most recent analyst ratings for Lululemon stock released by Truist Securities, Wedbush and TD Cowen in late August, suggest an average price target of $336.33.

This indicates a potential 26.95% upside for the stock based on these ratings.

LULU Price Action: Lululemon stock was trading at $265.05 at the time of publication.