TARGET CORP (TGT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TGT - US87612E1064 - Common Stock
We assign a technical rating of 5 out of 10 to TGT. In the past year, TGT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
TGT has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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82.84
We found 3 important support areas.
- A support zone ranging from 91.88 to 93.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @85.53 from a horizontal line in the weekly time frame.
- Support @83.68 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 106.05 to 108.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for TGT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGT is up. |
| ChartMill Relative Strength | 25.69 | NEGATIVE | TGT has a low relative strength, it was outperformed by 74.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TGT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TGT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TGT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.53 | NEUTRAL | The RSI value for TGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.69 | POSITIVE | The MACD value suggests TGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.68 | OVERBOUGHT | The high Stochastics value suggests TGT may be overbought. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for TGT suggests some volalility. |
| Average Directional Index/ADX (14) | 28 | POSITIVE | The high ADX value value for TGT suggests a strong trend. |
98.01
-1.04 (-1.05%)
TARGET CORP / TGT FAQ
What is the ChartMill technical rating of TARGET CORP (TGT) stock?
ChartMill assigns a technical rating of 5 / 10 to TGT.
Can you provide the trend direction for TARGET CORP?
The current trend direction for TARGET CORP (TGT) is Bearish.
What is the RSI signal for TARGET CORP (TGT) stock?
TARGET CORP (TGT) has an RSI value of 65.5333. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TARGET CORP?
The short term momentum for TARGET CORP (TGT) is positive.
Can you provide the support and resistance levels for TARGET CORP?
TARGET CORP (TGT) has a support level at 93.25 and a resistance level at 106.05. Check the full technical report for our detailed analysis of TGT support and resistance levels.