Target stock: buy or sell
Jul 29th, 2021
Target stock brief
- After hitting new all-time highs last Monday, Target closed on Wednesday at $257.42 merely changing a -0.36%
- Target Corporation operates as a general merchandise retailer in the United States.
Should I buy Target stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $TGT stock a buy?
In the current situation of Target there is not any eligible buy setup. This doesn't mean $TGT will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Target stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies prevent us from making rash decisions based on our emotions or the noise that surrounds the market. We like very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups are not intended for selling short $TGT stock
As a rule of thumb, you must never mantain an investment that produces greater losses than those expected by the time of the buy. The timing to sell shares should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Target stock?
In the current situation of Target there is not any eligible sell setup, so Target stock holders with operations in profit can keep their positions
In the last 30 days we couldn't find any rating for Target
Target stock analysis
Since last March, Target has been printing an uptrend that so far marked a gorgeous 54.80%. Rising highs and lows can be seen easily on a chart and how price action gave very few buy points on the breakouts. Latest pullback was last May, when price bounced at $202.10. Target broke out above $216.69 (its last top) last May. That breakout was a good buy point that resulted in a 18.80% profit
$TGT at new All-time Highs
Last Monday, Target marked new all-time highs (ATH) again at $262.38. It's the fifth time in the last 10 sessions, marking an important rally
Supports and resistances
Price is at highs and there are not upper resistance levels.
The current supports are:
Since the price surpassed the upper band last Monday, the price dropped by 1.89%. The price is trading very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks
Relative strength index
Broke through the 70 level Wednesday, marking a value of 70.96. Crossing up above the level of 70 is not a sell signal, as shares can be above 70 for many weeks and may continue to rally
Target stock price history
Target went public on Feb 21st, 1973 priced at $0.00 per share1. Since then, TGT stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Target stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.
The following table shows the price target posted by financial institutions in the last month. If you are a small investor you must not invest based on these predictions.
We don't have any target price published in the last 4 weeks for Target.
Earnings and financials
Last May, Target Corporation ($TGT) posted EPS for that highly enhanced analysts' expectations. Quarterly EPS was $3.69 per share from an estimated $2.25. This Q1 report means an earnings surprise of 64.00%. Company's sales was $24.2 billion in contrast to $21.8 billion predicted by market consensus.Same quarter one year ago, reported EPS was $0.59, so recently posted EPS means an improvement of 525.42%. Looking at revenues, figures exploded a 23.36% compared to $196.2B year over year.
Target ($TGT) releases financial report mid next August. Market analysts analysts predict of $3.38, that is a 8.40% less than previous quarter.
Please read:The comments expressed in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the particular conditions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for informational reasons only
|Wednesday, July 28th, 2021|
|Day range||$256.38 - $258.86|
|Average true range||$4.29|
|50d mov avg||$238.70|
|100d mov avg||$218.74|
|200d mov avg||$196.68|
|Earnings date||August 18th, 2021|