TARGET CORP. - Daily - Technical analysis published on 12/26/2022 (GMT)
- 268
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 148.04 USD
My targets
137.57 USD (-3.90%)
122.16 USD (-14.66%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TARGET CORP. as long as the price remains well below 148.04 USD. The sellers' bearish objective is set at 137.57 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 122.16 USD. In case of crossing, the next objective would be the support located at 104.11 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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.
This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TARGET CORP. price is 143.15 USD. The price has increased by +1.27% since the last closing and was traded between 139.88 USD and 143.27 USD over the period. The price is currently at +2.34% from its lowest and -0.08% from its highest.139.88
143.27
143.15
Here is a more detailed summary of the historical variations registered by TARGET CORP.:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of TARGET CORP. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 104.11 | 122.16 | 137.57 | 143.15 | 148.04 | 179.05 | 207.07 |
| Change (%) | -27.27% | -14.66% | -3.90% | - | +3.42% | +25.08% | +44.65% |
| Change | -39.04 | -20.99 | -5.58 | - | +4.89 | +35.90 | +63.92 |
| Level | Minor | Intermediate | Major | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 137.54 | 138.71 | 140.93 | 142.10 | 144.32 | 145.49 | 147.71 |
| Camarilla | 142.22 | 142.53 | 142.84 | 143.15 | 143.46 | 143.77 | 144.08 |
| Woodie | 138.07 | 138.97 | 141.46 | 142.36 | 144.85 | 145.75 | 148.24 |
| Fibonacci | 138.71 | 140.01 | 140.81 | 142.10 | 143.40 | 144.20 | 145.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.23 | 135.96 | 139.55 | 143.28 | 146.87 | 150.60 | 154.19 |
| Camarilla | 141.14 | 141.81 | 142.48 | 143.15 | 143.82 | 144.49 | 145.16 |
| Woodie | 132.17 | 135.93 | 139.49 | 143.25 | 146.81 | 150.57 | 154.13 |
| Fibonacci | 135.96 | 138.75 | 140.48 | 143.28 | 146.07 | 147.80 | 150.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 118.68 | 133.72 | 150.39 | 165.43 | 182.10 | 197.14 | 213.81 |
| Camarilla | 158.35 | 161.26 | 164.16 | 167.07 | 169.98 | 172.88 | 175.79 |
| Woodie | 119.51 | 134.13 | 151.22 | 165.84 | 182.93 | 197.55 | 214.64 |
| Fibonacci | 133.72 | 145.83 | 153.31 | 165.43 | 177.54 | 185.02 | 197.14 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.83 | |
| MACD (12,26,9): | -4.9200 | |
| Directional Movement: | -17.54 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 144.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 156.99 | |
| Elder Ray (13): | -6.18 | |
| Super Trend (3,10): | 152.67 | |
| Zig ZAG (10): | 143.15 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 9.68 | |
| TEMA (21): | 141.11 | |
| Williams %R (14): | -79.59 | |
| Chande Momentum Oscillator (20): | -10.61 | |
| Repulse (5,40,3): | 2.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3400 | |
| Courbe Coppock: | 20.12 |
| MA7: | 144.11 | |
| MA20: | 153.02 | |
| MA50: | 157.68 | |
| MA100: | 159.41 | |
| MAexp7: | 144.59 | |
| MAexp20: | 150.55 | |
| MAexp50: | 155.42 | |
| MAexp100: | 159.51 | |
| Price / MA7: | -0.67% | |
| Price / MA20: | -6.45% | |
| Price / MA50: | -9.21% | |
| Price / MA100: | -10.20% | |
| Price / MAexp7: | -1.00% | |
| Price / MAexp20: | -4.92% | |
| Price / MAexp50: | -7.89% | |
| Price / MAexp100: | -10.26% |
Quotes :
-
15 min delayed data
-
NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis TARGET CORP. - Daily