TGT Daily 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) is exhibiting a split technical picture. While the long-term trend remains bullish, supported by a rising 200-day SMA, the short-to-medium-term outlook is bearish due to the completion of a Head and Shoulders top pattern. Price is currently struggling to reclaim the 50-day moving average. A sustained break below the 116 neckline area could see price slide towards the 200-day SMA near 106.
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TGT Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below its 50-day SMA and has recently broken below the neckline of a prominent Head and Shoulders pattern. Momentum indicators like MACD are negative, and RSI is below 50, indicating short-term weakness.
Long-term Sentiment (weeks to months): Bullish
The long-term trend remains intact as the price is trading significantly above a rising 200-day SMA. The broader macro structure still shows a series of higher highs and higher lows from the start of the visible chart.
Report Metadata
- Timeframe: daily
- Generated at: 2026-06-08T21:08:27.220Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $117.75 | $116.00 - $119.50 | Strong | Recent swing low and the neckline of the Head and Shoulders pattern. A break below this confirms further downside. |
| $108.00 | $106.00 - $110.00 | Strong | Confluence of prior structural support and the current location of the rising 200-day SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $125.00 | $124.00 - $126.00 | Strong | Immediate resistance formed by the confluence of the 20-day and 50-day Simple Moving Averages. |
| $131.25 | $130.00 - $132.50 | Strong | Resistance level formed by the right shoulder of the recent top pattern. |
| $137.00 | $136.00 - $138.00 | Strong | Major swing high peak. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Head and Shoulders Top | Bearish | $96.00 | A clear head and shoulders topping pattern has formed with a peak around 136 and a neckline near 116-118. Price has broken below the neckline and is currently retesting that breakdown area from underneath. |
Frequently Asked Questions about TGT
What is the current sentiment for TGT?
The short-term sentiment for TGT is currently Bearish because Price is trading below its 50-day SMA and has recently broken below the neckline of a prominent Head and Shoulders pattern. Momentum indicators like MACD are negative, and RSI is below 50, indicating short-term weakness.. 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 $117.75 and $108.00. 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 14/100. 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.