Target (TGT) Monthly 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 Corporation has reinforced its secular upward trend following a definitive defense of its rising 200-month moving average near the $100–$105 support band. The decisive reclaim of the 50-month SMA and the monthly RSI advancing past 60 confirm strengthening upside momentum. While overhead resistance near $160–$180 may cause intermediate consolidation, the broader multi-year structure favors continuation toward higher levels.
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TGT Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price has rebounded sharply from the 200-month SMA, recapturing both the 20-month Bollinger midline and the 50-month SMA, supported by monthly RSI rising above 60.
Long-term Sentiment (weeks to months): Bullish
The secular bull trend remains intact as the rising 200-month SMA provided strong structural support, maintaining higher long-term lows across multi-decade price action.
Report Metadata
- Timeframe: monthly
- Generated at: Nov 1, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $132.00 | $130.00 - $134.00 | Moderate | Confluence of the 50-month moving average and prior multi-month horizontal consolidation. |
| $102.50 | $100.00 - $105.00 | Strong | Major secular bottom and inflection zone anchored by the rising 200-month SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $170.00 | $160.00 - $180.00 | Moderate | Upper Bollinger Band boundary combined with prior breakdown swing highs from 2023 and early 2024. |
| $265.00 | $260.00 - $270.00 | Strong | All-time high peak established during the 2021 secular top. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Secular Base and Mean Reversion | Bullish | $180.00 | Multi-year cyclical bottom formed along the rising 200-month SMA, leading to a strong recovery back above the 50-month SMA and the 20-month median band. |
Frequently Asked Questions about TGT
What is the current sentiment for TGT?
The short-term sentiment for TGT is currently Bullish because Price has rebounded sharply from the 200-month SMA, recapturing both the 20-month Bollinger midline and the 50-month SMA, supported by monthly RSI rising above 60. 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 $132.00 and $102.50. 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 21/100. 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.
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