TARGET CORP. - Weekly - Technical analysis published on 09/06/2024 (GMT)
- 95
- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : IN PROGRESS...
Only Londinia subscribers can view the key levels of this analysis. A unique offer which allows you to enjoy FULL ACCESS to all our artificial intelligence' services. Discover Londinia...
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above
My targets
()
()
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TARGET CORP. as long as the price remains well above . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . If there is any crossing, the next objective would be the resistance located at . Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
0
10
6.4
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.
This analysis was given by pitiantuta. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TARGET CORP. rating 151.34 USD. The price is lower by -1.48% over the 5 days with the lowest point at 148.87 USD and the highest point at 154.96 USD. The deviation from the price is +1.66% for the low point and -2.34% for the high point.148.87
154.96
151.34
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of TARGET CORP. in Weekly shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Weekly
In fact, 11 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
Resistance of channel is broken
Type : Bullish
Timeframe : Weekly
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 66.17 | 100.86 | 130.19 | 151.34 | 155.49 | 175.23 | 208.63 |
| Change (%) | -56.28% | -33.36% | -13.98% | - | +2.74% | +15.79% | +37.86% |
| Change | -85.17 | -50.48 | -21.15 | - | +4.15 | +23.89 | +57.29 |
| Level | Intermediate | Major | Major | - | Major | 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 | 147.65 | 149.16 | 150.53 | 152.04 | 153.41 | 154.92 | 156.29 |
| Camarilla | 151.11 | 151.37 | 151.64 | 151.90 | 152.16 | 152.43 | 152.69 |
| Woodie | 147.58 | 149.13 | 150.46 | 152.01 | 153.34 | 154.89 | 156.22 |
| Fibonacci | 149.16 | 150.26 | 150.94 | 152.04 | 153.14 | 153.82 | 154.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 140.28 | 146.23 | 149.93 | 155.88 | 159.58 | 165.53 | 169.23 |
| Camarilla | 150.97 | 151.85 | 152.74 | 153.62 | 154.51 | 155.39 | 156.27 |
| Woodie | 139.15 | 145.67 | 148.80 | 155.32 | 158.45 | 164.97 | 168.10 |
| Fibonacci | 146.23 | 149.92 | 152.20 | 155.88 | 159.57 | 161.85 | 165.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 98.20 | 114.79 | 134.21 | 150.80 | 170.22 | 186.81 | 206.23 |
| Camarilla | 143.72 | 147.02 | 150.32 | 153.62 | 156.92 | 160.22 | 163.52 |
| Woodie | 99.61 | 115.50 | 135.62 | 151.51 | 171.63 | 187.52 | 207.64 |
| Fibonacci | 114.79 | 128.55 | 137.05 | 150.80 | 164.56 | 173.06 | 186.81 |
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): | 51.83 | |
| MACD (12,26,9): | 0.4200 | |
| Directional Movement: | 9.67 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 149.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 132.82 | |
| Elder Ray (13): | 3.23 | |
| Super Trend (3,10): | 160.33 | |
| Zig ZAG (10): | 150.95 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 63.93 | |
| TEMA (21): | 147.35 | |
| Williams %R (14): | -45.40 | |
| Chande Momentum Oscillator (20): | 10.98 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 6.16 |
| MA7: | 153.01 | |
| MA20: | 148.61 | |
| MA50: | 146.69 | |
| MA100: | 149.81 | |
| MAexp7: | 149.17 | |
| MAexp20: | 148.70 | |
| MAexp50: | 146.08 | |
| MAexp100: | 146.74 | |
| Price / MA7: | -1.09% | |
| Price / MA20: | +1.84% | |
| Price / MA50: | +3.17% | |
| Price / MA100: | +1.02% | |
| Price / MAexp7: | +1.45% | |
| Price / MAexp20: | +1.78% | |
| Price / MAexp50: | +3.60% | |
| Price / MAexp100: | +3.13% |
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:
- SHAREHOLDER ACTION NOTICE: The Schall Law Firm Encourages Investors in Target Corporation with Losses of $100,000 to Contact the Firm
- SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Target Corporation with Losses of $100,000 to Contact the Firm
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. - Weekly