TARGET CORP (TGT) Stock Technical Analysis
NYSE:TGT - New York Stock Exchange, Inc. - US87612E1064 - Common Stock - Currency: USD
Taking everything into account, TGT scores 4 out of 10 in our technical rating. 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.
When comparing the yearly performance of all stocks, TGT is a bad performer in the overall market: 86% of all stocks are doing better.
TGT is one of the lesser performing stocks in the Consumer Staples Distribution & Retail industry. 74% of 40 stocks in the same industry do better.
TGT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
TGT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TGT has an average volume of 7081010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
TGT has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
87.87
133.66
When analyzing the support we can see 5 important areas.
- A support zone ranging from 102.63 to 103.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 97.61 to 97.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 92.78 to 93.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @90.46 from a horizontal line in the daily time frame.
- Support @88.76 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 104.25 to 105.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @108.35 from a horizontal line in the daily time frame.
- Resistance @132.34 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for TGT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGT is up. |
| ChartMill Relative Strength | 14.42 | NEGATIVE | TGT has a low relative strength, it was outperformed by 85.58% 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 | NEGATIVE | The current price of TGT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.8 | NEUTRAL | The RSI value for TGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests TGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.73 | NEUTRAL | The Stochastics value for TGT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for TGT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.69 | NEGATIVE | The low ADX value for TGT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
104.24
-0.5 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-0.48%
1 Week0.17%
2 Weeks6.8%
1 Month6.25%
3 Month12.35%
6 Month-26.39%
12 Month-31.8%
2 Year-23.62%
3 Year-36.2%
5 Year-17.19%
10 Year27.35%
15 Year103.12%
Volatility
ATR(14)2.53
ATR(20)%2.45%
ATR Inc20.44%
Range Today1.85
ADR(20)2.45
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.42
Mansfield-2.38
10 Day High106.37
10 Day Low98.11
20 Day High106.37
20 Day Low94.17
52 Week High167.4
52 Week Low87.35
CS1 End103.45
CR1 Start104.25
Volume & EV
DER(3)-1.88%
DER(5)-0.9%
Volume3.87M
Volume Incr-24.44%
Vol(5)5.01M
Vol(50)7.08M