|
|
Uptrend ExhaustionArchive
- 4/19/2024 -
Sign In to see current Signals. |
Target Corp. (TGT) Technical Analysis
|
 |
| Summary:
| | Weekly :   | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the Target Corp. (TGT). During the week, the TGT gained 2.18 points, or 1.31%, and closed at 168.30 on Friday, April 19, 2024. Weekly volume was -19% below average.
 Long-term trend: [See TGT long-term trend chart]
A long-term downtrend had started on November 15, 2021 at 268.98 and reached 102.93 on October 6, 2023. TGT lost 166.05 points, or 61.73%, in 98 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See TGT medium-term trend chart]
A medium-term downtrend had started on April 1, 2024 at 181.86 and reached 162.21 on April 16, 2024. TGT lost 19.65 points, or 10.81%, in 2 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (157.31) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See TGT weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since November 10, 2023. Use the following link to access a MACD help.
 Short-term trend: [See TGT short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 162.21 and reached 168.47 on April 19, 2024. TGT gained -6.26 points, or -3.86%, in 3 days. Price is near the trend high.
Daily Technical Indicators: [See TGT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since April 2, 2024.
A Parabolic SAR (stop and reversal) indicator (169.86) comes close to the price (168.30). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|