TGT Monthly 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 has confirmed a major secular rebound after establishing a double bottom base directly above its 200-month SMA. The recent aggressive breakout above the 50-month SMA and upper Bollinger Band confirms a resumption of bullish momentum. As long as price holds above the $130-$135 support zone, the path remains open for a continued recovery toward the $175-$185 multi-year resistance band.
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TGT Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Strong multi-month upside expansion has reclaimed both the 20-month and 50-month moving averages, breaking above the upper Bollinger Band with RSI rising toward 66.57.
Long-term Sentiment (weeks to months): Bullish
Price successfully defended the rising 200-month SMA around $100 after a multi-year pullback from 2021 peaks, preserving the long-term secular uptrend structure.
Report Metadata
- Timeframe: monthly
- Generated at: 2026-09-01T06:41:22.822Z
- Model: gemini-3.7-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $132.50 | $130.00 - $135.00 | Strong | Confluence of the 50-month moving average and prior consolidation breakout zone. |
| $106.00 | $100.00 - $112.00 | Strong | Multi-year cyclical base anchored by the rising 200-month SMA and 20-month SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $180.00 | $175.00 - $185.00 | Strong | Major intermediate swing high resistance zone established in early 2024. |
| $265.00 | $260.00 - $270.00 | Strong | All-time secular peak zone established in late 2021. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Double Bottom at Secular Support | Bullish | $180.00 | A multi-year base formed near the 200-month SMA with two distinct lows in 2023 and 2024-2025, now confirming a strong upward breakout. |
Frequently Asked Questions about TGT
What is the current sentiment for TGT?
The short-term sentiment for TGT is currently Bullish because Strong multi-month upside expansion has reclaimed both the 20-month and 50-month moving averages, breaking above the upper Bollinger Band with RSI rising toward 66.57.. 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 $132.50 and $106.00. 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 46/100. 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.