TARGET CORP (TGT) Stock Technical Analysis
NYSE:TGT - New York Stock Exchange, Inc. - US87612E1064 - Common Stock - Currency: USD
Taking everything into account, TGT scores 0 out of 10 in our technical rating. TGT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TGT is a bad performer in the overall market: 88% of all stocks are doing better.
TGT is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry, of which 84% are performing better than TGT.
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.
In the last month TGT has a been trading in the 94.15 - 107.82 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
TGT has an average volume of 6361210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of TGT is bad and it also does not present a 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.
More info and screens
87.87
129.61
2 important support areas can be observed.
- 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 @88.76 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 101.51 to 108.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @128.33 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 | NEUTRAL | NEUTRAL | The short term trend for TGT is neutral. |
| ChartMill Relative Strength | 12.21 | NEGATIVE | TGT has a low relative strength, it was outperformed by 87.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TGT is below 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) | 37.21 | NEUTRAL | The RSI value for TGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.79 | NEGATIVE | The MACD value suggests TGT has a negative trend. |
| Stochastics (14,3) | 42.76 | NEUTRAL | The Stochastics value for TGT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for TGT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.53 | 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)
97.06
-1.63 (-1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-1.65%
1 Week-6.9%
2 Weeks-8.15%
1 Month-8.28%
3 Month2.94%
6 Month-21.9%
12 Month-38.76%
2 Year-23.3%
3 Year-39.47%
5 Year-35.81%
10 Year24.9%
15 Year89.72%
Volatility
ATR(14)3.47
ATR(20)%3.19%
ATR Inc143.11%
Range Today2.37
ADR(20)2.61
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.21
Mansfield-2.63
10 Day High107.82
10 Day Low94.15
20 Day High107.82
20 Day Low94.15
52 Week High161.84
52 Week Low87.35
CS1 End93.65
CR1 Start101.51
Volume & EV
DER(3)-0.47%
DER(5)-0.12%
Volume11.42M
Volume Incr156.15%
Vol(5)13.32M
Vol(50)6.36M