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 has formed a major bottom and is currently experiencing a strong weekly impulse rally, indicating a bullish short-term bias. However, the longer-term picture remains neutral until the price can successfully reclaim and hold above the declining 200-week SMA around $136. The next major test will be how price reacts upon reaching this long-term moving average resistance.
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TGT Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is showing strong upward momentum, breaking above recent consolidation, with RSI approaching 70 and MACD histogram expanding positively.
Long-term Sentiment (weeks to months): Neutral
While the recent base and rally are constructive, the price remains below the declining 200-week SMA, keeping the multi-year macro trend in a transitional state.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:36:04.937Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $100.00 | $95.00 - $105.00 | Strong | Confluence of the 50-week SMA and the upper boundary of the previous multi-month consolidation zone. |
| $72.50 | $70.00 - $75.00 | Strong | Major structural swing low and macro base. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $135.00 | $130.00 - $140.00 | Strong | Proximity to the declining 200-week SMA and previous structural support-turned-resistance from late 2022/early 2023. |
| $175.00 | $170.00 - $180.00 | Strong | Major structural lower high established prior to the most recent heavy drawdown. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Base Breakout | Bullish | $136.00 | Price has decisively broken out of a multi-month rounding base formation at the lows, signaling a potential trend reversal. |
Frequently Asked Questions about TGT
What is the current sentiment for TGT?
The short-term sentiment for TGT is currently Bullish because Price is showing strong upward momentum, breaking above recent consolidation, with RSI approaching 70 and MACD histogram expanding positively.. The long-term trend is classified as Neutral.
What are the key support levels for TGT?
StockDips.AI has identified key support levels for TGT at $100.00 and $72.50. 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 26/100. 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.