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Archive
- 4/26/2024 -
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Target Corp. (TGT) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Target Corp. (TGT). During the week, the TGT dropped -3.56 points, or -2.12%, and closed at 164.74 on Friday, April 26, 2024. Weekly volume was -49% 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 uptrend had started on October 6, 2023 at 102.93 and reached 181.86 on April 1, 2024. TGT gained -78.93 points, or -76.68%, in 25 weeks. Price is near the Fibonacci 23.6% retracement level.
 Weekly Technical Indicators: [See TGT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. 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 169.09 on April 22, 2024. TGT gained -6.88 points, or -4.24%, in 6 days. Price is near the Fibonacci 61.8% retracement level.
 Daily Technical Indicators: [See TGT daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
The daily MACD line is below its signal line since April 2, 2024.
During the last week, the price has declined below 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.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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