TGT Weekly 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
TGT appears to be in a long-term recovery phase after establishing a massive double-bottom base near $100. In the medium-term, the stock is experiencing a healthy pullback from recent highs and is currently consolidating. The next major directional cue will likely come from a decisive break above the 200-week SMA resistance or a breakdown below the 50-week SMA support.
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TGT Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is currently consolidating in a range between the rising 50-week SMA and the declining 200-week SMA. Momentum is cooling off as indicated by the negative MACD histogram, but RSI remains above 50, suggesting a pause rather than a full reversal.
Long-term Sentiment (weeks to months): Bullish
A significant long-term double bottom pattern appears to have formed around the $100 level. The 50-week SMA is beginning to curl upward, indicating a potential shift in the broader trend, although it still needs to reclaim the 200-week SMA for full confirmation.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-06-06T09:08:10.621Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $117.50 | $115.00 - $120.00 | Weak | Near-term consolidation zone and proximity to the 20-week moving average (Bollinger Band midline). |
| $103.00 | $100.00 - $106.00 | Strong | Major structural support zone established by a massive double bottom, reinforced by the current position of the rising 50-week SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $132.50 | $130.00 - $135.00 | Strong | Current location of the declining 200-week SMA, which has acted as a ceiling in recent price action. |
| $174.00 | $170.00 - $178.00 | Strong | Significant multi-month swing high before the current extended pullback. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Double Bottom | Bullish | N/A | A large, multi-year base formed with two distinct touches near the $100 level, preceding a strong upward rally. |
| Weak | Consolidation / Range | Neutral | N/A | Price is currently compressed and chopping sideways between the 50-week and 200-week Simple Moving Averages. |
Frequently Asked Questions about TGT
What is the current sentiment for TGT?
The short-term sentiment for TGT is currently Neutral because Price is currently consolidating in a range between the rising 50-week SMA and the declining 200-week SMA. Momentum is cooling off as indicated by the negative MACD histogram, but RSI remains above 50, suggesting a pause rather than a full reversal.. 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 $117.50 and $103.00. 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.