Target Corporation (TGT) stock price recorded a slight decline in its latest intraday trading, as the stock attempts to gain positive momentum that could help it recover and move higher again. This comes as dynamic support remains intact with the stock trading above its 50-day SMA, reinforcing the stability and dominance of a short-term corrective bullish trend, with price moving alongside a supporting trendline. In addition, positive signals continue to emerge from the Stochastic indicator, despite reaching extremely overbought levels.

Therefore we expect the stock price to rise during its upcoming trading sessions, as long as it remains stable above the support level at $115.00, targeting the resistance level at $126.00.

Todays price forecast: Bullish