TGT Weekly 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
TGT shows signs of a potential long-term bottoming process, having formed what appears to be a large double bottom structure on the weekly chart. While the long-term trend (indicated by the 50/200 MA cross) remains bearish, the short-term structure is improving with higher lows and price climbing back above the 50-week SMA. MACD crossover and positive histogram confirm emerging upward momentum. Key resistance lies ahead at the 125-130 zone and the 200-week SMA.
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TGT Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is making higher lows and higher highs within the recent structure, and is currently above the 50-week SMA.
Long-term Sentiment (weeks to months): Neutral
The 50-week SMA is below the 200-week SMA, indicating a longer-term downtrend, but recent price action suggests a potential bottoming process or early trend reversal.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-03-21T09:07:44.862Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $106.00 | $104.00 - $108.00 | Strong | Recent consolidation area and near the 50-week SMA. |
| $85.00 | $83.00 - $87.00 | Strong | Significant swing lows forming a potential double bottom base. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $127.50 | $125.00 - $130.00 | Strong | Area of previous consolidation and resistance, currently intersecting with the upper Bollinger Band. |
| $137.00 | $134.00 - $140.00 | Strong | Zone around the 200-week SMA and previous structural support turned resistance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Double Bottom | Bullish | N/A | Price formed two significant lows around the 83-85 level with an intervening peak, suggesting a potential long-term reversal pattern. |
| Strong | Higher Lows | Bullish | N/A | Following the second bottom, price has established higher lows, indicating short-term upward momentum. |
Frequently Asked Questions about TGT
What is the current sentiment for TGT?
The short-term sentiment for TGT is currently Bullish because Price is making higher lows and higher highs within the recent structure, and is currently above the 50-week SMA.. The long-term trend is classified as Neutral.
What are the key support levels for TGT?
StockDips.AI has identified key support levels for TGT at $106.00 and $85.00. 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 73/100. It is 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.