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TARGET CORPTARGET CORPTARGET CORP

TARGET CORP

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TGTCL trade ideas

Target (TGT): Ready to Break Out of Its DowntrendWith Target, we have another major player in the US retail market, and we prefer its price structure over Walmart's. After completing Wave (3), Target experienced a significant sell-off, forming Wave (4). Currently, it appears that an inverse head and shoulders pattern is developing, which could signal a bullish reversal. The neckline looks particularly strong, and I will have a bullish outlook once this neckline is reclaimed. There is a breakout gap following the completion of Wave (4), which might be revisited. However, for a well-formed head and shoulders pattern, we should see some momentum soon to create two shoulders at the same level. As long as the Wave (4) level at the Point of Control (POC) holds, we expect more upside, either after a slight dip into the breakout gap or immediately following the earnings report next week.
NYSE:TGTLong
by freeguy_by_wmc
3
TGT | SHORTNYSE:TGT Technical Analysis of Target Corporation (TGT) Key Observations: Current Price Action: Price: $139.17 Recent Drop: -7.85 (-5.34%) Support and Resistance Levels: Immediate Support: $137.16 (Bearish Line) Further Supports: $128.21 (Target Price 1), and $111.08 (Target Price 2) Resistance: The price recently broke below a support level at around $141.23. Trendlines: The price has broken below a key upward trendline, indicating a potential shift from a bullish to a bearish trend. Relative Strength Index (RSI): Current RSI: 44.09 The RSI shows a decline, approaching the oversold zone, indicating increasing selling pressure. Target Prices: Target Price 1: $128.21 This level is the immediate support and a potential first target for any continued downward movement. Target Price 2: $111.08 If the price breaks below the immediate support, the next target is around $111.08, a significant support level. Summary: Target Corporation (TGT) has experienced a significant drop, breaking below a key support level and its upward trendline. The next levels to watch are $137.16, $128.21, and $111.08. The RSI indicates potential for further declines if market conditions remain negative.
NYSE:TGTShort
by shkspr
Target Corporation - Trend AssessmentI do concentrate only on trend assessment so traders could make a sequence of profitable trades to exploit full trend capacity. Arguments: 1. The price is consolidating above and near MA200 and longer ones. 2. Adjusted Supertrend (made by KivancOzbilgic) and adjusted to MA200 (SMA#5) with ATR Multiplier 1, 2 and 3. 3. Regarding Ichimoku Cloud: we have crossed Kumo red cloud and started consolidating above. We also should anticipate green cloud acting as support. Also note that Chikou Span is above price 200 days ago. Quite bullish. 3. ROC and Chaikin Money Flow: above zero line and confirming continuation. 4. BB Trend and BBT got into green zone. 5. Positive outlook on inflation and therefore FED's decision. 6. OBV: no indications of bearish divergence. 7. MACD and Squeeze Momentum Indicator: no indications of divergences. It is just a trend assessment, so you do your own job constructing your trades around the trend if it is substantiated.
NYSE:TGTLong
by Askhat_Kulchiyev
TGT Swing 1H Long Conservative TradeConservative Trade + long impulse + Daily 1/2 correction + T2 level + support level + 2Sp+ + weak test + first bullish bar closed entry Calculated affordable stop limit 1 to 2 R/R take profit Daily context: "- short impulse + biggest volume T1 + support level + volumed 2Sp+ + weak test + 1/2 correction" Monthly context: "+ long impulse + SOS level + support level + close to 1/2 correction" TGT @NYSE Bought Market, Day Profit Taker Sell Limit 150.02, GTC Profit Taker Sell Stop 144.77 LMT 146.70, GTC
NYSE:TGTLong
by MishaSuvorov
TGT 5M Long Aggressive DaytradeAggressive Trade - short balance - volumed expanding ICE + biggest volume Sp + weak test - above first bullish bar close entry Calculated affordable stop limit 1 to 2 R/R take profit Hourly context: "+ long impulse + 1/2 correction" Daily context: "- short impulse + biggest volume T1 + support level + volumed 2Sp+ + weak test" Monthly context: "+ long impulse + SOS level + support level + close to 1/2 correction" If the day closed bullish I'll double up TGT @NYSE Sell Limit 146.11, GTC TGT @NYSE Sell Stop 141.69 LMT 143.16, GTC
NYSE:TGTLong
by MishaSuvorov
1
Will TGT Reverse To The Upside?When analyzing TGT, there is a clear fresh weekly low on the RSI in October of 2023. That said, TGT is a prime target for a Elliot Wave Forecast. The big question when forecasting TGT, is if the wave two pullback, that started in April of 2024, is complete? Based on last week’s weekly candle structure, we see a high probability that a reversal off $138 zone support is in play, marking the bottom of wave two. The MACD is also indicating that weekly momentum to the downside took a hit last week. Combine the MACD with the chop index indicating that market participants want to see this ticker move, we believe there is enough evidence here to put out a solid preliminary forecast.
NYSE:TGTLong
by BlueLineTradingLLC
Target Shares Slides 7.38% After Inflation Hurts EarningsTarget's first-quarter earnings and sales fell by 7.38% due to inflation, causing shares to fall in pre-market trading. Adjusted earnings per share were $2.03, down from $2.05 year on year and worse than analysts expected. Total revenue was $24.53 billion in the first quarter ended May 4, down 3.1% from $25.32 billion in the same period last year. First-quarter comparable sales were down 3.7%, marking the fourth straight quarter of decline. The slowdown in sales was primarily in discretionary categories like home decor and electronics but partially offset by a continued growth in beauty. Target's net income came in weaker, at $942 million compared to $950 million in the same quarter in 2023. The number of transactions and average amount spent at Target stores ( NYSE:TGT ) and digital channels were both down 1.9% in the first quarter, compared to a traffic growth of 0.9% and a decline of 0.9% in average transaction amount in the comparable period last year. Target stock was down more than 9% to about $141 per share in Wednesday’s pre-market trading, following Wednesday’s report. Target's ( NYSE:TGT ) revenue fell slightly last year for the first time in seven years following a weaker growth in visitor numbers that hit retail businesses across the United States. In March 2024, the big-box retailer re-introduced its free loyalty program, Target Circle, and launched a paid membership program that allows customers to get free same-day delivery on orders over $35 in as little as an hour at $99 a year. These initiatives were aimed to stimulate demand and rival existing paid membership programs by Amazon Prime and Walmart+. Target shares ( NYSE:TGT ) slipped ahead of markets opening Wednesday after the retailer reported first-quarter results, with revenue meeting expectations but declining 3% year-over-year. Despite posting a slight earnings beat for the quarter, Target's second-quarter and full-year profit guidance ranges were mostly below estimates. The company said it is still feeling the impact of shoppers lowering their discretionary spending, but added that "discretionary sales trends continued to improve" from previous quarters.
NYSE:TGT
by DEXWireNews
5/21/24 - $tgt - leaning long biased into tmr AM print5/21/24 - vrockstar - NYSE:TGT - tough setup, unclear if i'll participate on tmr's AM print. on one hand, the trends look incrementally better than NYSE:WMT which surprised (as the retailer has been absorbing even mid-higher end customers), multiple (adjusted for debt) is modestly above 20x PE which is reasonable for this type of scale (staple-ish) retailer, and 4+% fcf yield seems cheap in this neva-stop-wont-stop-print-4-eva-tape. on the converse, the tgt demo reminds me of NASDAQ:SBUX + NASDAQ:LULU + $ulta... and that freaks me out from the long side given how these stocks have reacted. the counter point to this, however, is NYSE:TGT really is the lower end of all of these customers - so just like NYSE:WMT absorbed some trade down, it wouldn't be unreasonable for NYSE:TGT to benefit in the same vein. i'm biased long into the print, but might need someone to tip my scales if u have an opinion leave a comment and let's sort this out
NYSE:TGTLong
by VROCKSTAR
4