TARGET CORP. - Weekly - Technical analysis published on 08/28/2024 (GMT)
- 188
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 142.51 USD
My targets
171.31 USD (+9.21%)
208.63 USD (+33.00%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TARGET CORP. as long as the price remains well above 142.51 USD. The buyers' bullish objective is set at 171.31 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 208.63 USD. If there is any crossing, the next objective would be the resistance located at 232.05 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by pitiantuta. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TARGET CORP. price is 156.86 USD. The price registered a decrease of -1.50% over 5 days and has been traded over the last 5 days between 155.69 USD and 161.84 USD. This implies that the 5 day price is +0.75% from its lowest point and -3.08% from its highest point.155.69
161.84
156.86
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Weekly chart of TARGET CORP. indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Weekly
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Weekly
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Weekly
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Weekly
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Weekly
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
MACD indicator is back over 0
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : Weekly
Near horizontal support
Type : Bullish
Timeframe : Weekly
Near support of channel
Type : Bullish
Timeframe : Weekly
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 100.86 | 130.19 | 155.49 | 156.86 | 171.31 | 208.63 | 232.05 |
| Change (%) | -35.70% | -17.00% | -0.87% | - | +9.21% | +33.00% | +47.93% |
| Change | -56.00 | -26.67 | -1.37 | - | +14.45 | +51.77 | +75.19 |
| Level | Major | Major | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 152.96 | 154.33 | 155.59 | 156.96 | 158.22 | 159.59 | 160.85 |
| Camarilla | 156.14 | 156.38 | 156.62 | 156.86 | 157.10 | 157.34 | 157.58 |
| Woodie | 152.92 | 154.30 | 155.55 | 156.93 | 158.18 | 159.56 | 160.81 |
| Fibonacci | 154.33 | 155.33 | 155.95 | 156.96 | 157.96 | 158.58 | 159.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 118.75 | 130.26 | 144.38 | 155.89 | 170.01 | 181.52 | 195.64 |
| Camarilla | 151.45 | 153.80 | 156.15 | 158.50 | 160.85 | 163.20 | 165.55 |
| Woodie | 120.06 | 130.91 | 145.69 | 156.54 | 171.32 | 182.17 | 196.95 |
| Fibonacci | 130.26 | 140.05 | 146.10 | 155.89 | 165.68 | 171.73 | 181.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 129.28 | 135.79 | 142.51 | 149.02 | 155.74 | 162.25 | 168.97 |
| Camarilla | 145.60 | 146.82 | 148.03 | 149.24 | 150.45 | 151.67 | 152.88 |
| Woodie | 129.40 | 135.84 | 142.63 | 149.07 | 155.86 | 162.30 | 169.09 |
| Fibonacci | 135.79 | 140.84 | 143.96 | 149.02 | 154.07 | 157.19 | 162.25 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.67 | |
| MACD (12,26,9): | 0.4700 | |
| Directional Movement: | 13.00 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 149.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 132.11 | |
| Elder Ray (13): | 9.98 | |
| Super Trend (3,10): | 160.33 | |
| Zig ZAG (10): | 156.93 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 61.16 | |
| TEMA (21): | 147.46 | |
| Williams %R (14): | -28.80 | |
| Chande Momentum Oscillator (20): | 12.21 | |
| Repulse (5,40,3): | 6.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 8.19 |
| MA7: | 156.03 | |
| MA20: | 143.65 | |
| MA50: | 145.79 | |
| MA100: | 150.67 | |
| MAexp7: | 149.34 | |
| MAexp20: | 148.77 | |
| MAexp50: | 146.01 | |
| MAexp100: | 146.73 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +9.20% | |
| Price / MA50: | +7.59% | |
| Price / MA100: | +4.11% | |
| Price / MAexp7: | +5.04% | |
| Price / MAexp20: | +5.44% | |
| Price / MAexp50: | +7.43% | |
| Price / MAexp100: | +6.90% |
Quotes :
-
15 min delayed data
-
NYSE Stocks
News
Don't forget to follow the news on TARGET CORP.. At the time of publication of this analysis, the latest news was as follows:
- SHAREHOLDER ACTION NOTICE: The Schall Law Firm Encourages Investors in Target Corporation with Losses of $100,000 to Contact the Firm
- SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Target Corporation with Losses of $100,000 to Contact the Firm
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis TARGET CORP. - Weekly