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 confirmed a significant secular bottom after cleanly defending its rising 200-month moving average near $100-$105. The subsequent push has reclaimed both the 20-month and 50-month moving averages, supported by expanding momentum with the monthly RSI rising past 64. While initial resistance lies near the 2024 recovery highs between $175 and $185, the broader long-term trajectory points to continuation within its multi-decade secular trend.
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TGT Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price has staged a strong multi-month rebound off the 200-period SMA, reclaiming both the 20-period and 50-period moving averages with RSI rising decisively above 60.
Long-term Sentiment (weeks to months): Bullish
The secular bull structure remains intact as the rising 200-period SMA provided firm support near the $100 mark, with the 50-period SMA positioned well above the 200-period SMA.
Report Metadata
- Timeframe: monthly
- Generated at: 2026-10-01T22:27:03.338Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $132.50 | $130.00 - $135.00 | Moderate | Confluence of the 50-period simple moving average and prior consolidation breakout zone. |
| $107.50 | $100.00 - $115.00 | Strong | Major multi-year secular base supported by the rising 200-period SMA and repeated multi-year lows. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $180.00 | $175.00 - $185.00 | Moderate | Upper monthly Bollinger Band region and the intermediate swing highs from early 2024. |
| $260.00 | $250.00 - $270.00 | Strong | All-time secular peak resistance established during the 2021 highs. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Double Bottom | Bullish | $185.00 | Multi-year basing pattern tested near the 200-month SMA between late 2023 and 2025, which confirmed with a decisive break above the intermediate neckline around $135. |
Frequently Asked Questions about TGT
What is the current sentiment for TGT?
The short-term sentiment for TGT is currently Bullish because Price has staged a strong multi-month rebound off the 200-period SMA, reclaiming both the 20-period and 50-period moving averages with RSI rising decisively 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 $132.50 and $107.50. 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 28/100. 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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