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TARGET CORP.
TARGET CORP.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: TGT
ISIN:

TARGET CORP. - 1H - Technical analysis published on 11/23/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 173.44 USD
My targets
182.21 USD (+3.00%)
190.74 USD (+7.83%)
My analysis
The bullish trend is currently very strong on TARGET CORP.. As long as the price remains above the support at 173.44 USD, you could try to benefit from the boom. The first bullish objective is located at 182.21 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 190.74 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

sp3gibbs
This analysis was given by sp3gibbs. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

TARGET CORP. rating 176.90 USD. The price has increased by +2.66% since the last closing and was between 173.59 USD and 176.98 USD. This implies that the price is at +1.91% from its lowest and at -0.05% from its highest.

173.59
176.98
176.90

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this TARGET CORP. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 165.64 167.36 173.44 176.90
Change (%) -6.37% -5.39% -1.96% -
Change -11.26 -9.54 -3.46 -
Level Intermediate Intermediate Intermediate -



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard168.08169.76171.04172.72174.00175.68176.96
Camarilla171.50171.77172.04172.31172.58172.85173.12
Woodie167.87169.66170.83172.62173.79175.58176.75
Fibonacci169.76170.89171.59172.72173.85174.55175.68


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard149.22154.53163.06168.37176.90182.21190.74
Camarilla167.78169.05170.32171.59172.86174.13175.40
Woodie150.83155.33164.67169.18178.51183.02192.35
Fibonacci154.53159.82163.08168.37173.66176.93182.21


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard129.05139.61145.60156.16162.15172.71178.70
Camarilla147.03148.55150.07151.58153.10154.62156.14
Woodie126.76138.46143.31155.02159.86171.57176.41
Fibonacci139.61145.93149.84156.16162.48166.39172.71

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 68.04
MACD (12,26,9): 2.4300
Directional Movement: 18.44
AROON (14): 85.71
DEMA (21): 175.82
Parabolic SAR (0,02-0,02-0,2): 173.11
Elder Ray (13): 2.95
Super Trend (3,10): 171.83
Zig ZAG (10): 176.57
VORTEX (21): 1.1200
Stochastique (14,3,5): 91.17
TEMA (21): 176.03
Williams %R (14): -10.95
Chande Momentum Oscillator (20): 4.72
Repulse (5,40,3): 0.6200
ROCnROLL: 1
TRIX (15,9): 0.2100
Courbe Coppock: 3.88
MA7: 168.15
MA20: 160.35
MA50: 158.62
MA100: 146.02
MAexp7: 174.94
MAexp20: 172.11
MAexp50: 167.95
MAexp100: 164.65
Price / MA7: +5.20%
Price / MA20: +10.32%
Price / MA50: +11.52%
Price / MA100: +21.15%
Price / MAexp7: +1.12%
Price / MAexp20: +2.78%
Price / MAexp50: +5.33%
Price / MAexp100: +7.44%

Quotes : 2020-11-23 16:53:19 - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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