$ULTA with a bullish outlook following its earnings #StocksThe 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 70%.
ULTA trade ideas
ULTA Short Setup With Great Reward/Risk of 3.31Sweet Risk/Reward for a short entry in this range. Watch the weekly close.
ULTA , LONG This actually turned to a false entry by end of day , took it with less than 15 minutes left in the day , but unfortunately its signal could not hold , the reason I take my trades close to the close and sometimes after is exactly to avoid this and had I noticed earlier , I would have actually got out ...
Not to say it might not still work though so lets see , but not a proper signal , was actually either this or ACGL but I chose this because it has stronger RS... It is a fairly stronger stock so lets see how it handles FOMC tomorrow , but I expect to get stopped out with the bad close ...
Perhaps a Bit ToppyThis is a strong stock and also a Market darling.
Who knows? It could go up forever. I do not think so.
I know women love make up but Holy Cow. This is just not something I would buy way up here but we are all different.
Price is above the .236 of the trend up bit.
Something does not feel right and I could be wrong.
Earnings are estimated on 5-25. Short is less than 3%.
Risky to short as the folks that own this love it. Risky to go long way up here right now too.
I choose Short due to the huge move up and possible M pattern, for now but time will tell.
No recommendation
Ulta Beauty Strategy(1/2) Fundamental Analysis - Hello, this is my strategy on ticker $ULTA. I believe the stock is a great long-term buy-and-hold investment, but not at this time. The stock is undoubtedly overvalued. A recent study published by Macrotrends showed Ulta Beauty shares outstanding for the quarter ending January 31, 2023 were 0.051B. This is a decline of 7.05% YoY. The current downward macroeconomic trend and bearish customer sentiment in the market has caused a lot of disruption. What is really driving this stock? The company's financials look great, but have outpaced the market significantly. I believe this stock will pull back in the near future. Unless the company announces a dividend, I am bearish for the short term. Additionally, the company has seen a significant decrease in volume = a decrease in demand - but the stock is still soaring?
(2/2) Technical Analysis - I believe anywhere above $510 is a good place to short. The S/L should be $530 because I believe if the stock doesn't want to break, it will retest the resistance at $537 and run to around $550. The downside is about $20 and the upside is anywhere from $100-$130 for this short position. I see a clear long-term uptrend, but a short term decline before it heads up again. My target is from $390-$410. On March 13, 2023, the 200MA broke the 50MA on the 1H. I believe the 4H 50MA started a reversal. The 200MA is on the rise to try and break the 50MA. This stock will decline little bit little and eventually when the 200MA breaks the 50MA, we will see a significant decline and price. That should be our selling point.
Rising WedgeBearish Rising Wedge noted.
The bottom trendline remains in tact so it is not valid.
Both trendlines are sloping up and narrowing as the apex.
The lines show that the highs and the lows are either rising or falling at differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action
Earnings are 3-9 and analysts appear positive on numbers.
No recommendation.
Short is around 3%.
ULTA: CAPPEDULTA hit the top of it's long term channel and bounced off resistance. It also hit the highest fib extension which is the first I've stock I've seen in the last few years to do so. Lastly, it is in an uptrend since October, so expect ULTA to fall below support as early as next week. Short term price targets are 494 and 486.
Not financial advice
ULTA broke strong trend resistance :)I wouldn't short unless it broke back below trend resistance/500, for me it looks like we enter consolidation then leg up to 550-600 once that's finished.
boost and follow for more, thanks
Reanalyzing ULTAI bought puts on ULTA yesterday and I wish I would've waited until today. Oh well, they were well in the money, so I wasn't hurting too terribly today. Anyway, after the run up today, I looked at other alternatives for a stopping point. I don't ever use fib extension levels above 4.236 mostly because those targets are hardly ever hit, but after ULTA surpassed that level, I exited my previous strategy and looked at other alternatives for a stopping point. After pulling out the 4.618 and 4.764 fib extension levels, I'm sticking to the 4.764 as a last final target range of 525-529. Daily RSI is also the highest its been January 2020, so I'm not convinced it has more room to run. If 530 is broken, I'll reevaluate.
SHORT ULTA Another company I am short on.
Not following the hype and do not agree. Many will disagree with me but lets see how this bubble bursts.
Top of ULTA (revised)Here's a 2nd chart of ULTA with less clutter
"Bought PUTS yesterdays on ULTA because I knew I'd miss todays morning move to hit the 1.618 fib extension. Today should be the highest point ULTA will hit for some time. Price target was 511 and some change for the smaller 1.618 extension which began on Jan 18 '23 as well as the larger 1.618 fib extension which began on Dec. 8 '22 which were both hit this morning. Weekly RSI is at 80.53 and daily is 73.17 and starting to trend downward. Short term price target is 458 (.382 fib retracement) and long term price target of 427 (.618 fib retracement). Something to note is the downgrade to $400 by Wells Fargo earlier this month.
Not financial advice"
Top of ULTABought PUTS yesterdays on ULTA because I knew I'd miss todays morning move to hit the 1.618 fib extension. Today should be the highest point ULTA will hit for some time. Price target was 511 and some change for the smaller 1.618 extension which began on Jan 18 '23 as well as the larger 1.618 fib extension which began on Dec. 8 '22 which were both hit this morning. Weekly RSI is at 80.53 and daily is 73.17 and starting to trend downward. Short term price target is 458 (.382 fib retracement) and long term price target of 427 (.618 fib retracement). Something to note is the downgrade to $400 by Wells Fargo earlier this month.
Not financial advice
UltaMinor rising wedge inside a major one.. see link..
Pullback To support here or 475 .. then let's see 8f the damn breaks
ULTA Beauty Ready for a Pullback 0.5 leveULTA is sitting below a double top and looking at the Fib levels retraceing the uptrend finishing out December.
The RSI shows relative weakness while the MACD shows the trend after a crossover of the lines at
each of the two tops.
I believe this stock is ready for a short position with a stop loss just above the double top.
The first target would be the Fib 0.5 level from the retrace of the uptrend.
The second target would be the red line showing the top of the recent high volume area of the volume profile.
Conversely, I may wait and watch for a bounce off one of the two central
Fib levels or that red line and and take a long trade targeting the double top.
( Trade well , trade often)
ULTAHorrible stock to trade ... defying all technicals here , but thats what you get in rising wedge patterns. I've seen this move happen with Google and Target from 2020-2022 ; that didn't end pretty and neither will this...
All its going to take is a bad earnings and a few stock down grades.
I wouldn't play any contracts shorter then August EXP
ULTA Short - retesting trend lineMultiple rejections across this trend line, likely to reject again here.
Expecting a 40+ point pullback.
Target is 440. Stop is a daily close above 500.
Classic bull flag setupEverything is in the chart.. classic bull flag setup on $ulta. Financials are great, EPS is solid, basically recession-proof at the moment.
CALLS idea - wait til retest of 410-420 and grab $500 calls 2 months out.
PUTS idea - wait til top of channel is hit then grab 430 puts 1 month out.
This is not financial advice, just for fun!
Earnings 12-1 AMCThis stock has been a true out-performer.
W pattern noted.
If price does not proceed much higher than where it is now, this could be a Alternate Shark. The last W for Ulta was a NEN star which reversed at the 1.272 of the entire structure.
Price is above a Rectangle and possible targets in green type.
EPS estimates last quarter was $5.70 a share which ULTA beat/This quarter the number to beat is $4.13.
Revenue last quarter was estimated at 2.3 Billion and they beat by 93 million.
This quarter the number to beat is 2.21 Billion.
Numbers appear to be soft.
Earnings day is usually when the market decides what will happen. I have always found this odd, but it is what it is. It is like a stock can be overvalued for eons, then earnings day comes and everyone sells it. Price can be in a Rising Wedge for months, then Boom, down she goes on earnings day.
No recommendation.
Price is above the .236 of the trend up since the covid low. Some resistance noted at the top of the last 3 long candles.
ULTA BEAUTY has had a long uptrend with good strength relative and excellent recent earnings.
On the chart, price has risen persistently and consistently
from a triple bottom in late September through October
The stay-at-home economy is over. Beauty and so cosmetics are back.
ULTA should benefit from holiday buying and gifting
Looking at long time frame charts. ULTA is now at its
all time high. nothing but blue sky above
Looks like a decent candidate for call options to me.
ULTA ShortTime to short ULTA. It has been going up since early November and RSI overbought on weekly and daily TF. Rising wedge as well as megaphone patterns are also noticeable.
12/15 WL 12/15 WL 🎄
$ULTA Calls >466.46/ Puts <456.37
⬆️PT:472.35⬇️PT: 453.88
$SBUX Calls >103.30/ Puts <100.70
⬆️PT:105.20⬇️PT:98.52
$BA Calls >189.67 /Puts <185.41
⬆️PT:191.11⬇️PT: 180.50
$BIDU Calls >120.35 /Puts <117.53
⬆️PT:121.81⬇️PT: 116.27
$ULTA with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $ULTA after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
