TARGET CORP. - Daily - Technical analysis published on 09/30/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 235.10 USD
My targets
214.71 USD (-6.94%)
199.10 USD (-13.70%)
My analysis
In the short term, we can see an acceleration in the bearish trend on TARGET CORP., which is a positive signal for sellers. As long as the price remains above 235.10 USD, a sale could be considered. The first bearish objective is located at 214.71 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 199.10 USD as an objective. Crossing it would then enable sellers to target 169.89 USD. If the price were to return above 235.10 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TARGET CORP. rating is 230.72 USD. The price is lower by -2.18% since the last closing with the lowest point at 228.91 USD and the highest point at 235.88 USD. The deviation from the price is +0.79% for the low point and -2.19% for the high point.228.91
235.88
230.72
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of TARGET CORP. indicates that the overall trend is bearish. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 169.89 | 199.10 | 214.71 | 230.72 | 235.10 | 245.49 | 264.07 |
| Change (%) | -26.37% | -13.70% | -6.94% | - | +1.90% | +6.40% | +14.45% |
| Change | -60.83 | -31.62 | -16.01 | - | +4.38 | +14.77 | +33.35 |
| Level | Major | Major | Minor | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 230.09 | 231.95 | 233.90 | 235.76 | 237.71 | 239.57 | 241.52 |
| Camarilla | 234.80 | 235.15 | 235.50 | 235.85 | 236.20 | 236.55 | 236.90 |
| Woodie | 230.14 | 231.97 | 233.95 | 235.78 | 237.76 | 239.59 | 241.57 |
| Fibonacci | 231.95 | 233.41 | 234.31 | 235.76 | 237.22 | 238.12 | 239.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 232.00 | 235.78 | 238.61 | 242.39 | 245.22 | 249.00 | 251.83 |
| Camarilla | 239.62 | 240.23 | 240.83 | 241.44 | 242.05 | 242.65 | 243.26 |
| Woodie | 231.53 | 235.54 | 238.14 | 242.15 | 244.75 | 248.76 | 251.36 |
| Fibonacci | 235.78 | 238.31 | 239.87 | 242.39 | 244.92 | 246.48 | 249.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 217.11 | 230.75 | 238.87 | 252.51 | 260.63 | 274.27 | 282.39 |
| Camarilla | 241.00 | 242.99 | 244.99 | 246.98 | 248.98 | 250.97 | 252.96 |
| Woodie | 214.34 | 229.37 | 236.10 | 251.13 | 257.86 | 272.89 | 279.62 |
| Fibonacci | 230.75 | 239.07 | 244.20 | 252.51 | 260.83 | 265.96 | 274.27 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 28.55 | |
| MACD (12,26,9): | -3.9300 | |
| Directional Movement: | -28.94 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 236.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 245.74 | |
| Elder Ray (13): | -7.02 | |
| Super Trend (3,10): | 245.18 | |
| Zig ZAG (10): | 230.75 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 10.75 | |
| TEMA (21): | 234.31 | |
| Williams %R (14): | -89.76 | |
| Chande Momentum Oscillator (20): | -11.26 | |
| Repulse (5,40,3): | -3.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1800 | |
| Courbe Coppock: | 5.98 |
| MA7: | 237.83 | |
| MA20: | 241.99 | |
| MA50: | 250.30 | |
| MA100: | 241.73 | |
| MAexp7: | 236.77 | |
| MAexp20: | 241.57 | |
| MAexp50: | 244.44 | |
| MAexp100: | 237.65 | |
| Price / MA7: | -2.99% | |
| Price / MA20: | -4.66% | |
| Price / MA50: | -7.82% | |
| Price / MA100: | -4.55% | |
| Price / MAexp7: | -2.56% | |
| Price / MAexp20: | -4.49% | |
| Price / MAexp50: | -5.61% | |
| Price / MAexp100: | -2.92% |
Quotes :
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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