Are we looking for $300?Chart looks broken and now retesting previous highs. This can come down anytime towards $300 pretty fast.
ULTA trade ideas
$ULTA with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ULTA after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 62.5%.
ulta short Ulta has been really smart about how they run their business. They really gotten very good with their e-commerce, as well as physical stores. with all the great move they have been making specifically with Rihanna, we will see how nvestors react. Makeup sales suffered during the pandemic, but Ulta Beauty's earnings report later today is a chance to show that consumers are using more cosmetics again as socializing returns.
Third-quarter results show growth is accelerating.
Margins are racing towards new highs.
Ulta might have room to start boosting the store count more quickly in 2022 and beyond.
but giving the trend right now in the market, i have a bearish sentiment when it comes to technicals
also will people still spend as much with inflation ? will guidance slow down
if it holds with green market - target 400-420
bearish target: 310-300
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ULTA triple top breakdown ULTA had bounced 3 times around 363 forming a triple top over the last few months. Recently, it had broke below that support level and has bounced the past 2 weeks. Looks to be forming a bear flag, albeit that it is not that best looking flag I have seen. Lots of short squeezing pushing price all over the place in this volatile market. Earnings coming up, anything can happen. But studying the past few ERs, there are either a massive gap down or gap up with it being sold into instantly. So I expect that whatever happens, the price will still go down. I am looking for 300 in the coming weeks.
ULTA BEAUTY - upsideMay be a nice investment to benefit from post - COVID growth.
Weddings are mostly on pause, as soon as the pandemics is over, the gap should be filled ))
Along with tourism and hotels accommodations, UB should capitalise strongly on the delayed weddings)
Technical picture, in my opinion, is also attractive, as we get a consolidation at the top of a weekly corrective pattern. Core growth potential - 1,382 of the size of the weekly correction.
Good luck!
Is Ulta Beauty Sitting Pretty?Ulta Beauty’s chart might look like a tangled mess lately. But a longer-term view suggests it may be sitting pretty.
First, consider the breakout in August as the beauty-products company jumped to new all-time highs. It was extended at the time, resulting in a sideways consolidation for the next five months.
But what’s the bottom of its range during that time? ULTA has consistently bounced around $368, closely matching its earlier record price in July 2019. Is the stock fashioning new support at an old high?
Third, notice how the shears undercut the previous low on December 20 before rebounding. They then chopped slightly higher last week, producing an inverse head and shoulders pattern at the key level.
Next, the 200-day simple moving average (SMA) is approaching from below as potential long-term trend line.
Finally, there are signs of ULTA being oversold, judging by both stochastics and the Keltner Channels displayed above.
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Possible ULTA Long off the 200MAULTA could be a decent long for a bounce off the 200MA as it has respected it a number of times.
ULTA - Long Way Down Needs more time but love some 2023 Puts on this one. Feb 2022 is Apex of this diamond and we already have 5 waves up here. Just a matter of time.
$ULTA Earnings Geomath We'll see if I can get some more short term targets correct. Aiming at $460 with 369 variants all over...
ULTA - Targeting recent highs, but then what?I'll probably miss this trade since I'm out Monday and Tuesday, but I think it should move quickly (just a guess) at least to its previous highs. My plan would have been to sell around 70% at that point, then hold the rest for if it is able to resume to new highs, maybe after a little pause.
UltaNASDAQ:ULTA Harmonic Bat Negative it has reached T1,T2 if it doesn't break SL then it will follow this again
Long $ULTA CMP $369.84Long $ULTA CMP $369.84. Trading above 50 EMA. Uptrend continuation. MACD histogram was fading but I guess recent market volatility turned it to negative. Bullish pattern. Expect breakout soon. Possible targets $390 and $420
OCT 11 IdeaULTA looks like it is ready to explode. This is just my opinion. please do your own homework as well.
Ulta Beauty Holds a Gentle PullbackUlta Beauty jumped to new highs last month. Now it may be sitting pretty after a gentle pullback.
Notice its runup into earnings after the bell on August 25. The beauty-products company didn’t disappoint because profit, revenue and guidance all surprised to the upside. However, the stock was ahead of itself and quickly got rejected above $410.
Now, three weeks later, prices have calmed. Notice the series of long tails under $370, with closes above. Yesterday was a bullish outside day as well.
Second, consider how the 8-day exponential moving average (EMA) has remained above the 21-day EMA throughout this period of consolidation.
The stochastic oscillator also dipped to an oversold condition, from which it’s now rebounding.
Fourth, look back to ULTA’s July 2019 high of $368.83. The current period of consolidating seems to be building new support above that old resistance.
Finally, the Census Bureau this morning reported a surprise increase in retail sales. Despite fears of the delta variant, the consumer isn’t rolling over yet. That could discretionary favor names like ULTA – especially into the holiday season.
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Consolidating but in a good spotConsolidating in a rectangle, Tested support 3x last week and it formed a descending triangle from the bottom.
I am interesting in 2 price pivots: 384.30 and 386
Above those, we might test top or rectangle at 392
Trading Idea - #UltaBeautySELL
ENTRY: 331.25 USD
TARGET: 267.10 USD (20% profit)
STOP: 362.26 USD
Ulta Beauty is specialized in the distribution of cosmetics and perfumes.
ULTA looking to make new all time highs!ULTA (Ulta Beauty, Inc) is testing resistance around the $355 area that dates back to mid 2019.
Fundamentally,
* It's undervalued with a PEG of 0.77
* Its earnings per share is expected to grow over the coming year.
Technically,
* General up trend
* Beta > 1 (following the general market trend)
* Broke above the resistance of $315 that dates back to 2017 and retested it as support
* It's approaching and testing resistance that dates back to 2019 and is looking to break through
Final thoughts:
* This is a good long term hold as the company is generally doing really well.
* It's currently undervalued, meaning it's actually worth more than the current price.
* Now would be a good time to get in if you're looking to hold this for the long term.
* If you're looking for a discount, look for buying opportunities around the $340 area
* If the price closes below $340 then look for buying opportunities around the $330 area.
Alternatively, if you like to buy high and sell higher, you can look for the price to make a weekly close above $355.36.
SWING IDEA #10: ULTAA Rising Wedge (Bearish) is forming on ULTA, I can see this drop down to $296. But, it still has lots of room to go up so do NOT ENTER UNTIL CONFIRMATION that it has broken out of the wedge. This kills new traders as technical analysis isnt ALWAYS accurate, I learned it the hard way.
This is not financial advice just my opinion.
Also, please comment what type of swing ideas you want? Support/Resistance, Patterns, Unfilled Gaps, Etc.
