TGT Technical Analysis - TARGET CORP

Technical Rating and Analysis

Taking everything into account, TGT scores 0 out of 10 in our technical rating. TGT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

93% of all other stocks performed better in the past year than TGT.

TGT is part of the Consumer Staples Distribution & Retail industry. There are 39 other stocks in this industry, of which 86% are performing better than TGT.

TGT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

TGT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

TGT has an average volume of 8027320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, TGT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 89.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 89.33, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

85.69

125.55

We found 1 important support area.

A support zone ranging from 86.56 to 89.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 5 important resistance areas.

Resistance @89.70 from a horizontal line in the daily time frame.
A resistance zone ranging from 96.42 to 96.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @105.45 from a horizontal line in the daily time frame.
Resistance @108.35 from a horizontal line in the daily time frame.
Resistance @124.31 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for TGT is down.
ChartMill Relative Strength	7.83	NEGATIVE	TGT has a low relative strength, it was outperformed by 92.17% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of TGT is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TGT is below a declining 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)	43.41	NEUTRAL	The RSI value for TGT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.56	POSITIVE	The MACD value suggests TGT has a positive trend.
Stochastics (14,3)	61.24	NEUTRAL	The Stochastics value for TGT is a neutral value.
Average True Range in percent/ATR (20)	1.96	LOW VOLATILITY	The low ATR as a percentage value for TGT suggests low volalility.
Average Directional Index/ADX (14)	23.48	NEUTRAL	The ADX value for TGT suggests a possible start of a new trend.