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Ulta Beauty, Inc.Ulta Beauty, Inc.Ulta Beauty, Inc.

Ulta Beauty, Inc.

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ULTA trade ideas

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.
NASDAQ:ULTA
by lauralea
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.
NASDAQ:ULTALong
by AwesomeAvani
Nen Star//RectanglePrice is at support and has met T1 of the crooked W pattern which looks like a bearish Nen-Star. Price is sitting on target 1. T2 is listed below. T3 would take price to the lower support line of the Rectangle. Valley 2 of the harmonic structure is lower than valley 1. Price is also in a large Rectangle which is a neutral pattern until a trendline is broken. Some would swing trade inside the rectangle as it can bounce up and down inside of it for quite some time. It will eventually break down but can be a very long term pattern. Green type above the structure are possible targets if there were a break of the upper trendline and orange type are possible targets down if bottom trendline is broken. Short interest is around 3%. No recommendation. Price is still well above the .382 of the long trend up.
NASDAQ:ULTAShort
by lauralea
RectangleNew ATH today. No resistance overhead to speak of. Possible Bearish Butterfly. If this is a Butterfly, the last leg ends at the 1,272. The upward retracement is strict on the Butterfly and it must hit the .786 or very close to it. The retracement leg (AB) up one nailed the .786. It is a crooked W. There is a bullish Butterfly as well. Butterflies can be found anywhere in a chart, but most often found at tops or bottoms. This may not be a Butterfly so I am watching this one closely. If so, it will turn down soon. The 1.618 is up there as sometimes this pattern can overextend. It is an extension and a reversal pattern. This is not a Crab (ends at 1.618 or further in some cases) because the Crab retraces on the AB leg between the .382 and the .618. This is also a rectangle, a large one. Price has broken the upper trendline. Strong stock. Targets for a break to the upside are above the Rectangle and targets for a break to the downside are below it. Doing nothing can be a good strategy. No recommendation
NASDAQ:ULTA
by lauralea
RectangleA Market Darling. ULTA is still above the .236 (bottom trendline of the Rectangle) of the impulse wave up. Possible Double top unless price breaks out of the Rectangle and climbs to Targets in white above the Rectangle. Targets for a break to the downside are in orange below the Rectangle. Some would trade inside the horizontal trading channel. It appears this stock is a money making machine, but I guess everything has a limit, maybe. I know I do. Price is hanging on the top trendline of another Rectangle which is now support. The candle tail did dip lower but the bottom of the candle body is on the support line.t These buyers have hung through thick and thin. It will take an earthquake or a "come to Jesus moment" to panic these buyers in to selling this stock. But they probably will eventually. I noticed very soft earnings estimates by analysts next quarter which is not until 12/1/22. They are predicting ULTA will beat their lowered earnings estimates. Neutral pattern until a trendline is broken. No recommendation. Unbelievably resilient so far during a turbulent market, but I am not buying it here. I just heard CNBC Business Channel say it is a Buy so I looked.
NASDAQ:ULTA
by lauralea
Amidst The World's Greatest Beauties Are Its RuinsULTA has been dodging fate for too long, anytime its indicated shorting opp. in 2022 it somehow finds new legs and treads higher. In my charts I use colors in accordance with their interpretation, so I didn't mean to paint this red it just only warranted red drawings, glamour stain tears goes with the pearls.. anyway: - Nasty expanding triangle with Distribution, earnings as a catalyst to finally tank this (it needs a healthy pullback to continue growth over the years, good company, ugly chart) - Bearish Harmonic more noticeable on the daily that indicates potential for pre-earnings run up to low 400s (around 410-413).. This would be ideal entry point for short position, looking at December puts - Very similar setup to ULTA earnings in August 2019 (if you aren't familiar with its chart here is what happened: gap down from 330 to 230 on Earnings miss; this has seasonality based on the business and August report generally under-performs, especially when at reversal point w.r.t. chart structure, such as currently) Expectations: * Gap down following Earnings August 25th to the 295-330 range, followed by dead-cat bounce and continued downside ** Minimum Downside target by December 2022 is 223 *** If things get nasty it could get hit to 67 but I wouldn't bank on this because it will squeeze at some point after 223 #NFA
NASDAQ:ULTAShort
by JerryManders
1
ULTA overextended and fundamentally weakULTA running right into the overhead resistance and extended outside the top of its value range. It found strong support at 402 last week but now it gets rejected at 430, also showing signs of double top after not being able to get a strong close over 425 for the 5th time. Personally expecting CPI tomorrow to expedite its test of 402 support before most likely breaking it. After all said and done, I think it will land itself around 370 where it will be range bound. Although I think this range will not hold for very long from a fundamental stand point. Before last earnings, ULTA showed clear weakness when it started closing below its VAL; this opens up the area of 300 for next stronger range trading for ULTA. Briefly looking at it from a fundamental stand point, next earnings will show its growth slow and decline in all honestly. Inflation pressure is hurting consumers and I think this will lead to a decline in specialty retail sales. We are already seeing this in general retail like WMT and TGT.
NASDAQ:ULTAShort
by Jlov