Target (TGT) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for TGT · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$148.11last close · Aug 4, 202652-week range $83.44$150.07 · 1.31% below the high
Bullish Pennant · playing out now

TGT just broke higher out of a bullish pennant — a brief, tidy pause inside a strong run. That's usually a breather before another push up.

On this chart, setups like it have followed through about 50% of the time.

As long as price stays above $132.6, the setup is intact — a daily close back below there is the cue to step away.

A natural first target sits near $165.3 — but moves like this often run further. The simple way to follow the rest is to stay with the 10-day average, and only step aside when a day closes below it.

TGT Bullish Pennant Pattern

TGT is currently forming a bullish pennant on the daily timeframe. Detected Aug 4, 2026.

DirectionBullishTarget$165.27Projected move+15.8%Breakout level$145.57

New to this pattern? What a bullish pennant is and how to trade it →

How Bullish Pennants Have Performed

Win rate
57.4%
Avg return
+0.99R
Backtested trades
2,605
TGT win rate
66.7%

Historical pattern statistics (2006-08-15 – 2026-08-04), not a prediction.

How these backtests work →

TGT Pattern Trade History

Every completed pattern trade our nightly backtest found on TGT's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeJun 30, 2026 @ $133.62Jul 28, 2026 @ $144.20Loss-1.15R
TriangleJun 11, 2026 @ $129.28Jul 23, 2026 @ $134.48Win+0.61R
TriangleJun 5, 2026 @ $123.38Jun 11, 2026 @ $132.64Loss-1.18R
TriangleMay 27, 2026 @ $127.31Jun 29, 2026 @ $133.92Win+0.69R
Bullish PennantApr 17, 2026 @ $124.85Jun 17, 2026 @ $127.81Win+0.37R
Rising WedgeJul 30, 2025 @ $103.71Aug 20, 2025 @ $96.38Win+1.41R
TriangleJul 1, 2025 @ $101.83Sep 2, 2025 @ $92.44Loss-1.23R
TriangleJun 6, 2025 @ $94.75Jul 15, 2025 @ $102.21Win+2.77R
Rising WedgeMay 21, 2025 @ $91.50Jun 10, 2025 @ $100.77Loss-1.18R
TriangleOct 9, 2024 @ $153.31Nov 6, 2024 @ $147.29Loss-1.04R
Rising WedgeMar 1, 2024 @ $154.51Mar 14, 2024 @ $164.31Win+0.91R
TriangleNov 9, 2023 @ $108.90Nov 15, 2023 @ $130.46Loss-4.06R

TGT Support and Resistance Levels

Price is being turned away at a ceiling near $152.23 and starting to slide. On the weekly chart, the next floor below sits near $135.13 — about 9% away.

  • Traders commonly watch $135.13 as a target (its 23.6% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $152.23 ceiling just now, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected support sits near $143.27, resistance near $231.79. These are chart/swing-derived levels, not formula pivots.

Resistance
$231.79
Support
$143.27$142.82$135.13$124.77$116.75$85.16

TGT Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$147.37$149.89$146.47$148.11
Aug 3, 2026$147.52$150.07$147.52$149.35
Jul 31, 2026$145.03$145.14$141.05$144.49
Jul 30, 2026$144.10$145.29$143.07$144.51
Jul 29, 2026$143.91$147.77$142.17$145.90
Jul 28, 2026$141.91$145.85$141.29$144.20
Jul 27, 2026$138.18$140.91$137.45$140.34
Jul 24, 2026$134.51$137.58$134.23$136.78
Jul 23, 2026$135.09$135.59$132.55$134.48
Jul 22, 2026$139.22$139.69$137.18$137.92

TGT Frequently Asked Questions

What chart pattern is TGT forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a bullish pennant on Target (TGT) on the daily chart, with a measured-move target of $165.27.
Is a bullish pennant bullish or bearish?
The bullish pennant detected on TGT is a bullish pattern, projecting a measured-move target of $165.27. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a bullish pennant pattern, and what is its win rate?
Across TradingPal's backtest of the bullish pennant family (2,605 trades over 631 symbols), it resolved in the expected direction 57.4% of the time with an average of +0.99R. These are historical statistics, not a prediction.
What are the support and resistance levels for TGT?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), TGT's nearest support is around $143.27 and nearest resistance around $231.79.
What is the price target if TGT's pattern breaks out?
The detected bullish pennant has a geometry-based measured-move target of $165.27 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was TGT's closing price on Aug 4, 2026?
Target (TGT) last closed at $148.11 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.