TARGET CORP (TGT) Technical Analysis
NYSE:TGT • US87612E1064
Current stock price
TGT Technical Rating and Analysis
Taking everything into account, TGT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, TGT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that TGT is one of the better performing stocks in the market, outperforming 81% of all stocks.
- TGT is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 78% of 38 stocks in the same industry.
- TGT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- 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 5705240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TGT Weekly and Daily overview Charts
TGT Setup Rating and Analysis
Besides having an excellent technical rating, TGT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 123.85, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
TGT Support and Resistance Analysis
112.13
2 important support areas can be observed.
- A support zone ranging from 119.82 to 123.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 113.26 to 113.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 129.27 to 129.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @132.11 from a horizontal line in the daily time frame.
TGT 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 | UP | POSITIVE | The long term trend for TGT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGT is up. |
| ChartMill Relative Strength | 81.82 | POSITIVE | TGT has a high relative strength, it outperformed 81.82% 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) | UP | POSITIVE | The current price of TGT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.51 | NEUTRAL | The RSI value for TGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests TGT has a negative trend. |
| Stochastics (14,3) | 73.8 | 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) | 27.65 | POSITIVE | The high ADX value value for TGT suggests a strong trend. |
TGT Chart- and CandleStick Pattern Analysis
TGT Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 129.67 | 125.32 | 4.35 (3.35%) | 25.00% |
| An entry @129.67. This is a Buy Stop order right above the resistance zone. | An exit @125.32. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.35 points, which is 3.35%. | For a 0.84% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TGT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TGT Technicals: Chart, Performance Metrics, Trend & Indicators
128.89
-0.86 (-0.66%)
TARGET CORP / TGT TA FAQ
What is the ChartMill technical rating of TARGET CORP (TGT) stock?
ChartMill assigns a technical rating of 10 / 10 to TGT.
What is the trend direction for TGT stock?
The current trend direction for TARGET CORP (TGT) is Bullish.
Can you provide the RSI signal for TARGET CORP?
TARGET CORP (TGT) has an RSI value of 59.5125. This indicates that the stock is currently neutral.
What is the short term momentum for TGT stock?
The short term momentum for TARGET CORP (TGT) is positive.
What are the support and resistance levels for TARGET CORP (TGT) stock?
TARGET CORP (TGT) has a support level at 123.85 and a resistance level at 129.27. Check the full technical report for our detailed analysis of TGT support and resistance levels.