TARGET CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	TGT
ISIN:

TARGET CORP. - Daily - Technical analysis published on 08/22/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

83%

11%

My opinion

Bullish above 155.49 USD

My targets

171.31 USD (+7.57%)

208.63 USD (+31.01%)

My analysis

TARGET CORP. is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 155.49 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 171.31 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 208.63 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 246.87 USD. Beware of a possible return to under the support located at 155.49 USD which would be the sign of a correction of the bullish excesses registered in the short term.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.4

Comment on the analysis

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 pitiantuta. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The TARGET CORP. rating is 159.25 USD. The price has increased by +10.34% since the last closing and was between 158.97 USD and 167.40 USD. This implies that the price is at +0.18% from its lowest and at -4.87% from its highest.

158.97

167.40

159.25

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of TARGET CORP. in Daily shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	130.19	139.94	155.49	159.25	161.24	171.31	208.63
Change (%)	-18.25%	-12.13%	-2.36%	-	+1.25%	+7.57%	+31.01%
Change	-29.06	-19.31	-3.76	-	+1.99	+12.06	+49.38
Level	Major	Major	Major	-	Minor	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	147.92	153.44	156.35	161.87	164.78	170.30	173.21
Camarilla	156.93	157.71	158.48	159.25	160.02	160.80	161.57
Woodie	146.61	152.79	155.04	161.22	163.47	169.65	171.90
Fibonacci	153.44	156.66	158.65	161.87	165.09	167.08	170.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	125.50	129.07	135.99	139.56	146.48	150.05	156.97
Camarilla	140.04	141.00	141.96	142.92	143.88	144.84	145.81
Woodie	127.19	129.91	137.68	140.40	148.17	150.89	158.66
Fibonacci	129.07	133.07	135.55	139.56	143.56	146.04	150.05

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	129.28	135.79	142.51	149.02	155.74	162.25	168.97
Camarilla	145.60	146.82	148.03	149.24	150.45	151.67	152.88
Woodie	129.40	135.84	142.63	149.07	155.86	162.30	169.09
Fibonacci	135.79	140.84	143.96	149.02	154.07	157.19	162.25

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):	71.07
MACD (12,26,9):	0.1100
Directional Movement:	34.96
AROON (14):	85.71
DEMA (21):	141.69
Parabolic SAR (0,02-0,02-0,2):	133.87
Elder Ray (13):	20.48
Super Trend (3,10):	145.56
Zig ZAG (10):	159.25
VORTEX (21):	0.8900
Stochastique (14,3,5):	67.13
TEMA (21):	143.47
Williams %R (14):	-22.63
Chande Momentum Oscillator (20):	26.42
Repulse (5,40,3):	-6.9300
ROCnROLL:	1
TRIX (15,9):	-0.2200
Courbe Coppock:	0.03

MA7:	142.82
MA20:	140.89
MA50:	144.35
MA100:	151.38
MAexp7:	145.16
MAexp20:	142.45
MAexp50:	144.78
MAexp100:	146.53
Price / MA7:	+11.50%
Price / MA20:	+13.03%
Price / MA50:	+10.32%
Price / MA100:	+5.20%
Price / MAexp7:	+9.71%
Price / MAexp20:	+11.79%
Price / MAexp50:	+9.99%
Price / MAexp100:	+8.68%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on TARGET CORP. at the time of the analysis were as follows:

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

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