Target Corporation stock holds uptrend after earnings beat, guidance hike

Target Corporation stock holds a daily uptrend, supported by an earnings beat and a raised full-year outlook. However, the 1-hour chart shows hesitation where the market must choose its next direction. The daily structure favors bulls, but the shorter-term picture demands caution.

Key takeaways

• TGT closed at 152.48 on the daily chart, above EMA20 (147.84), EMA50 (140.50), and EMA200 (122.69), confirming a bullish daily structure.
• The hourly RSI14 at 47.25 and negative MACD histogram signal short-term neutrality, creating a timeframe conflict with the daily uptrend.
• Target beat Q2 earnings expectations and raised its full-year guidance, lending fundamental support to the technical uptrend.
• Daily RSI14 at 63.9 leaves room for continuation before reaching overbought levels, while the daily pivot at 152.80 marks the immediate decision zone.

Daily Trend: The Core Bullish Structure for Target Corporation Stock

Target Corporation stock remains in a firmly bullish daily uptrend, trading well above all major moving averages and confirming a textbook bullish alignment.

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