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Uptrend ExhaustionArchive
- 1/16/2026 -
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Target Corp. (TGT) Technical Analysis
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| Summary:
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| | It was a eighth positive week after 4 consecutive negative weeks for the Target Corp. (TGT). During the week, the TGT gained 5.76 points, or 5.46%, and closed at 111.28 on Friday, January 16, 2026. Weekly volume was -17% below average.
TGT is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See TGT long-term trend chart]
A long-term downtrend had started on April 1, 2024 at 181.86 and reached 83.44 on November 20, 2025. TGT lost 98.42 points, or 54.12%, in 85 weeks. The price is now at the 28.29% retracement level.
 Medium-term trend: [See TGT medium-term trend chart]
A medium-term uptrend had started on November 20, 2025 at 83.44 and reached 111.86 on January 15, 2026. TGT gained -28.42 points, or -34.06%, in 8 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 101.24 and resistance is at 112.95. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See TGT weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 17, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 December 30, 2025 at 97.06 and reached 111.86 on January 15, 2026. TGT gained -14.80 points, or -15.25%, in 16 days. Price is near the trend high.
 Daily Technical Indicators: [See TGT daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since December 31, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.
 Candlestick pattern: [See TGT candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.
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