Target Corp

TGT has entered a Stage 3 distribution phase, marked by a terminal Blow-Off Top and extreme overbought readings. The medium-term bias is bearish, and short-term price rejection at the recent high and extension above the short EMAs favors an immediate sell. Execution should focus on resistance around the peak and confirm rejection before participation.

• ↑Q1 2026 net sales $25.4B (+6.7% YoY); comps +5.6%.
• ↑Planned $5B 2026 CapEx for store remodels and tech upgrades.
• ↓Q1 2025 net sales declined 2.8% YoY, signaling demand volatility.