RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TGT
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Evaluation of Target stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 01, 2024 Gain 22.70% PDF

The Target stock price gained 1.45% on the last trading day (Thursday, 28th Mar 2024), rising from $174.67 to $177.21. During the last trading day the stock fluctuated 1.55% from a day low at $174.69 to a day high of $177.40. The price has risen in 6 of the last 10 days and is up by 7.85% over the past 2 weeks. Volume fell on the last day by -444 thousand shares and in total, 4 million shares were bought and sold for approximately $654.39 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.81% during the next 3 months and, with a 90% probability hold a price between $213.59 and $230.75 at the end of this 3-month period.

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TGT Signals & Forecast

The Target stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $172.35 and $159.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 7.91%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Target stock

Target finds support from accumulated volume at $173.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.71 between high and low, or 1.55%. For the last week, the stock has had daily average volatility of 1.42%.

Our recommended stop-loss: $171.15 (-3.42%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (TGT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Target Corporation to open at $176.43, and during the day (based on 14 day Average True Range), to move between $173.77 and $180.65, which gives a possible trading interval of +/-$3.44 (+/-1.94%) up or down from last closing price. If Target Corporation takes out the full calculated possible swing range there will be an estimated 3.88% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $173.54, some $3.67 (2.07%) from the current price of $177.21, our system finds the risk reward attractive.

Is Target Corporation stock A Buy?

Target holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Target Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$176.43 ( 0.440%) $177.21

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TGT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 179.14 1.09 %
R2 178.10 0.505 %
R1 177.47 0.144 %
Current price: 177.21
Support S1 175.39 -1.02 %
S2 174.76 -1.39 %
S3 173.72 -1.97 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 177.21
Support S1 173.54 -2.07%
S2 168.58 -4.87%
S3 150.49 -15.08%

TGT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 13, 2024 May 14, 2024 Jun 10, 2024 $1.10 0.621%
2 Feb 20, 2024 Feb 20, 2024 Mar 10, 2024 $1.10 0.648%
3 Jan 17, 2024 Jan 19, 2024 Mar 10, 2024 $1.10 0.648%
4 Sep 20, 2023 Nov 14, 2023 Dec 10, 2023 $1.10 0.81%
5 Jun 15, 2023 Aug 15, 2023 Sep 10, 2023 $1.10 0.89%

FAQ

What is the symbol for Target Stock and on which exchange is it traded?
The symbol for Target is TGT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Target Stock?
Target holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

How to buy Target Stock?
Target Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Target Stock.

What's the current price of Target Stock?
As of the end of day on the 2024-03-28, the price of an Target (TGT) share was $177.21.

What is the 52-week high and low for Target Stock?
The 52-week high for Target Stock is $177.40 and the 52-week low is $102.93.

What is the market capitalization of Target Stock?
As of the 2024-03-28, the market capitalization of Target is 81.816B.

When is the next earnings date for Target?
The upcoming earnings date for Target is May 15, 2024.
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About Target Corporation

Target Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials. It also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings.... TGT Profile

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