Target Corp. Technical Analysis | Target Corp. Trading: 2024-12-05 | IFCM Hong Kong
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Target Corp. Technical Analysis - Target Corp. Trading: 2024-12-05

Target Corp. Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 132.75

Buy Stop

Below 127.81

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles2621
IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Neutral
MA(200) Sell
Fractals Neutral
Parabolic SAR Buy

Target Corp. Chart Analysis

Target Corp. Chart Analysis

Target Corp. Technical Analysis

The technical analysis of the Target stock price chart on 4-hour timeframe shows #S-TGT,H4 is consolidating under the 200-period moving average MA(200) after breaching below MA(200) two weeks ago. We believe the bullish momentum will continue after the price breaches above the upper Donchian bound at 132.75. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 127.81. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (127.81) without reaching the order (132.75), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Target Corp.

Target stock price closed lower yesterday after US judge ruled the retailer must face shareholder lawsuit over Pride backlash. Will the Target stock price resume retreating?

Target failed to persuade a judge in Florida to dismiss a lawsuit that accused the company of deceiving shareholders after its sales of LGBTQ-themed merchandise for Pride Month sparked a backlash and a customer boycott. The lawsuit claims that Target's board focused only on activist groups' calls for diversity, equity and inclusion (DEI) measures and overlooked potential negative responses to the Pride campaign in May 2023. The retailer had argued that it had warned investors about a potential DEI backlash, and that the complaint was based merely on plaintiff’s disagreement with the company’s business decisions. US District Judge ruled that the plaintiffs had presented enough information for now to pursue claims that Target misled investors about its efforts to guard against social and political risks. Expectations the company may be ordered to pay a fine and negative publicity surrounding the lawsuit are bearish for a company stock price. However, the current setup is bullish for Target stock price.

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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