TARGET CORP (TGT) Stock Technical Analysis
USA - NYSE:TGT - US87612E1064 - Common Stock
Overall TGT gets a technical rating of 1 out of 10. 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.
TGT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 90.69, a Stop Loss order could be placed below this zone.
More info and screens
84.67
We found 2 important support areas.
- A support zone ranging from 90.63 to 90.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
We can see 5 important resistance areas.
- A resistance zone ranging from 91.58 to 92.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @94.26 from a horizontal line in the weekly time frame.
- Resistance @96.18 from a trend line in the daily time frame.
- Resistance @97.77 from a horizontal line in the daily 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 | 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 | 10.89 | NEGATIVE | TGT has a low relative strength, it was outperformed by 89.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TGT is below 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) | 49.52 | NEUTRAL | The RSI value for TGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests TGT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.55 | NEUTRAL | The Stochastics value for TGT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for TGT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.7 | NEGATIVE | The low ADX value for TGT suggests a weak or negative trend. |
91.58
+0.85 (+0.94%)
TARGET CORP / TGT FAQ
What is the ChartMill technical rating of TARGET CORP (TGT) stock?
ChartMill assigns a technical rating of 1 / 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 49.524. 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 90.69 and a resistance level at 91.58. Check the full technical report for our detailed analysis of TGT support and resistance levels.