Mattel technical comments before earnings
The shares have bounced off support at the $30 area ahead of earnings news. That is a support zone that has held on a closing price basis since February of this year. If the news is negative, a breakdown below $30 would see a major topping process confirmed which would be technically bearish. Additional support levels to watch as potential downside objectives would be at $27.89, $26.18, and $25.16. If the news is instead a bullish surprise, this bounce off of the $30 area may extend. Resistance levels to watch as potential upside objectives above the current price of $31.02 are at $32.53 and $34.76 which is the 52-week high. Above that high next resistance would be at $35.50.