TGT Daily Technical Analysis
Target Corporation
Large U.S. retail chain offering general merchandise, apparel, home goods, groceries, and essentials through 1,900+ stores and a strong omni-channel platform.
TGT Technical Analysis Summary
Target (TGT) is exhibiting strong bullish momentum, evidenced by a fresh breakout above recent consolidation resistance and the upper Bollinger Band. The long-term technical picture has improved significantly with a confirmed Golden Cross and price action sustained above key moving averages. While the MACD line is currently slightly below the signal line, the histogram is contracting towards zero, suggesting that the recent consolidation phase is ending and upward momentum is resuming. The stock appears poised to test higher resistance levels around 120-125 provided it holds above the 105 breakout zone.
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TGT Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price has aggressively broken out of a short-term consolidation zone with a strong green candle, pushing significantly above the upper Bollinger Band (106.82). The RSI is rising (65.84) but has not yet hit the overbought threshold, suggesting room for continuation.
Long-term Sentiment (weeks to months): Bullish
A Golden Cross has formed recently, with the 50-day SMA (99.27) crossing above the 200-day SMA (96.75). Price is trading well above both moving averages, indicating a confirmed trend reversal from the previous year's lows.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:12:07.119Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $106.00 | $105.00 - $107.00 | Strong | Recent consolidation ceiling turned support, coinciding with the upper Bollinger Band area and 20-day SMA proximity. |
| $97.75 | $96.00 - $99.50 | Strong | Major structural support zone containing the Golden Cross (convergence of 50 and 200 SMAs). |
| $89.00 | $88.00 - $90.00 | Weak | Previous swing low and minor consolidation shelf. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $114.00 | $113.00 - $115.00 | Weak | Immediate intraday high and minor psychological resistance zone. |
| $122.50 | $120.00 - $125.00 | Strong | Historical resistance and breakdown level visible on the left side of the chart (late 2025 period). |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bull Flag Breakout | Bullish | $130.00 | After a strong rally from ~80 to ~110, the price consolidated sideways/downwards, and is now breaking out to new highs. |
| Strong | Golden Cross | Bullish | N/A | The 50-day moving average has crossed above the 200-day moving average, a classic long-term bullish signal. |
| Strong | Rounding Bottom | Bullish | N/A | Price has formed a U-shaped recovery since the lows in late 2025, indicating a gradual accumulation and trend shift. |
Frequently Asked Questions about TGT
What is the current sentiment for TGT?
The short-term sentiment for TGT is currently Bullish because Price has aggressively broken out of a short-term consolidation zone with a strong green candle, pushing significantly above the upper Bollinger Band (106.82). The RSI is rising (65.84) but has not yet hit the overbought threshold, suggesting room for continuation.. The long-term trend is classified as Bullish.
What are the key support levels for TGT?
StockDips.AI has identified key support levels for TGT at $106.00 and $97.75. These levels may represent potential accumulation zones where buying interest could emerge.
Is TGT in a significant dip or a Value Dip right now?
TGT has a Value Score of 42/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.