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
Target (TGT) has suffered a severe technical breakdown, erasing months of gains in a rapid decline to test the critical $100-$105 support zone. The stock is trading below key moving averages with strong bearish momentum, indicated by expanding sell volume and a negative MACD crossover. While the $100 level offers significant historical support that may trigger a stabilization, the overall structure remains vulnerable unless price can reclaim levels above the recent gap at $130.
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TGT Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
The stock has experienced a sharp, high-volume decline (gap down) in recent weeks, breaking below intermediate trend structures. Momentum indicators like MACD are negative, and price is closing near the weekly lows.
Long-term Sentiment (weeks to months): Bearish
Price remains below the long-term 200-week SMA and has been rejected firmly at the $180 resistance level. While it is testing major support, the structural trend remains characterized by lower highs compared to the 2021 peak.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:35:10.310Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $102.50 | $100.00 - $105.00 | Strong | Critical multi-year support zone established by the late 2023 lows; currently being tested. |
| $82.50 | $80.00 - $85.00 | Weak | Historical support dating back to pre-2020 consolidation levels. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $131.50 | $128.00 - $135.00 | Strong | Immediate overhead resistance formed by the recent large gap down and breakdown area. |
| $141.50 | $138.00 - $145.00 | Strong | Confluence of the 200-week SMA and previous consolidation zones. |
| $178.00 | $175.00 - $181.00 | Strong | Major swing high and rejection point that capped the 2024 rally. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Range Rejection | Bearish | $100.00 | After rallying to the top of the 100-180 trading range, price was sharply rejected, creating a potential double top or failed recovery formation. |
| Strong | Bearish Gap | Bearish | N/A | A significant weekly gap down indicates aggressive selling pressure and a sudden shift in market sentiment. |
Frequently Asked Questions about TGT
What is the current sentiment for TGT?
The short-term sentiment for TGT is currently Bearish because The stock has experienced a sharp, high-volume decline (gap down) in recent weeks, breaking below intermediate trend structures. Momentum indicators like MACD are negative, and price is closing near the weekly lows.. The long-term trend is classified as Bearish.
What are the key support levels for TGT?
StockDips.AI has identified key support levels for TGT at $102.50 and $82.50. 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 36/100. 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.