TARGET CORP (TGT) Stock Technical Analysis
USA - NYSE:TGT - US87612E1064 - Common Stock
We assign a technical rating of 2 out of 10 to TGT. 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 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.
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84.67
When analyzing the support we notice one important area.
- A support zone ranging from 85.53 to 86.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 96.82 to 97.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @106.05 from a horizontal line in the weekly time frame.
- Resistance @108.35 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for TGT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TGT is neutral. |
| ChartMill Relative Strength | 10.3 | NEGATIVE | TGT has a low relative strength, it was outperformed by 89.7% 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) | DOWN | MIXED | The current price of TGT is above 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) | 51.2 | NEUTRAL | The RSI value for TGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests TGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.49 | NEUTRAL | The Stochastics value for TGT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for TGT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.92 | NEGATIVE | The low ADX value for TGT suggests a weak or negative trend. |
92.72
-0.2 (-0.22%)
TARGET CORP / TGT FAQ
What is the ChartMill technical rating of TARGET CORP (TGT) stock?
ChartMill assigns a technical rating of 2 / 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 51.1981. 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 neutral.
Can you provide the support and resistance levels for TARGET CORP?
TARGET CORP (TGT) has a support level at 86.56 and a resistance level at 96.82. Check the full technical report for our detailed analysis of TGT support and resistance levels.