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ULTA BEAUTY INCULTA BEAUTY INCULTA BEAUTY INC

ULTA BEAUTY INC

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ULTA trade ideas

ULTA in the buying zoneMODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price sitting on 52 period channel, below 39& 26, with $330 calling for price come down further. Buying small position here and doubling if price reaches $330 area. Price at or near bottom channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at oversold level VBSM is negative Price at or near 2.618 Fibonacci level (from 2HR chart) Target is $100 or channel top bottom Stop loss is $353 area
NASDAQ:ULTALong
by chancethepug
1
Symmetrical Triangle Pattern what is it/ how to draw it? 2/8Symmetrical Triangle Pattern what is it/ how to draw it? 2/8 Bullish Charting Patterns A symmetrical triangle is a chart pattern that forms when the price of an asset converges with two trendlines that are moving towards each other, creating a triangular shape. Here’s how it works: Converging Trendlines: The upper trendline is formed by connecting the descending highs, and the lower trendline is formed by connecting the ascending lows. These trendlines converge at a point called the apex. Volume Decrease: As the pattern develops, trading volume typically decreases, indicating a period of consolidation and indecision in the market. Breakout: Eventually, the price breaks out from the triangle, which can occur in either direction – upwards or downwards. The direction of the breakout often dictates the future trend of the asset. Symmetrical triangles are considered continuation patterns, meaning they usually signal that the prevailing trend (upward or downward) before the pattern will continue after the breakout. Traders often use the height of the triangle (the distance between the initial high and low points) to estimate the potential price target following the breakout. Like l Follow l Share Stay tuned for the other 6 BULLISH CHARTING PATTERNS
NASDAQ:ULTAEducation
by RonnieV29
6
Ulta BeautifulBriefly fell below support on a market wide capitulatory event quickly recaptured moved back down to retest support bounced for a higher high now putting in a higher low with a bullish engulfing daily candle making this look like 3 rising valleys. Williams %range indicator is very low on daily monthly and weekly. Business is doing well, and it has the Buffet Put. Retailers in general are down bad across the board, and if you want to capture the gains of a recovery, then ULTA seems like an almost certain beneficiary.
NASDAQ:ULTALong
by MikeMM
ULTA BEAUTY - Potential Cup and Handle formation.ULTA BEAUTY - Could soon Print a Potential Cup and Handle formation which is Bullish. Here I have switched to a Simple Line Chart to show the possible pattern. Markets are very choppy at the moment awaiting the FED Rate Cut's Decision. These predictions are not 100% always true, and need Conviction. As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions. Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away. Regards Graham.
NASDAQ:ULTALong
by hitchcoxg
ULTA: This could change the trend! |H & D charts|1-Hour Chart (Left Side) On the 1-hour chart, the price is moving within a descending triangle pattern, characterized by a series of lower highs converging towards a horizontal support line around $368.84. If the price breaks below the $368.84 support level, it could lead to a further decline, with the next potential support around $358.35 on the daily chart. A break to the upside, above the descending trendline, could invalidate this bearish setup and indicate a potential reversal. Daily Chart (Right Side) On the daily chart, the price has recently filled a gap around $388.98, which now acts as a resistance level. After filling the gap, the price pulled back but found support at $368.84, creating a potential short-term base. If the price can hold above $368.84, there could be an attempt to retest the $388.98 resistance. However, failure to maintain above this level might result in a drop toward the $358.35 support level. Key Levels to Watch Resistance: $388.98, which is aligned with the previously filled gap, acts as the main resistance. Support: $368.84 is the immediate support on the 1-hour chart, followed by $358.35 on the daily chart if this level breaks. There is another open gap at $332.92 and a more dramaticc correcction could take ULTA there. Summary ULTA is currently consolidating within a descending triangle on the 1-hour chart, with a critical support level at $368.84. The price action around this support will be crucial; a breakdown could lead to further declines. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:ULTA
by Nathan_The_Finance_Hydra
Ulta Beauty Stock Analysis: A Technical Perspective Ulta Beauty (NASDAQ: NASDAQ:ULTA ) has been a staple in the beauty industry, known for its robust growth and strong brand presence. However, its stock price has recently been under significant pressure, experiencing a sharp decline of over 42% from its peak of $574 earlier this year to $328, the lowest in over 52 weeks. Despite a temporary boost from Warren Buffett's investment, the technical indicators suggest that the bearish trend may not be over. Double-Top Formation: A Bearish Indicator The technical outlook for Ulta Beauty (NASDAQ: NASDAQ:ULTA ) reveals a concerning pattern. The stock formed a double-top pattern at $557, which is a classic bearish signal in technical analysis. A double-top occurs when a stock reaches a high price level twice with a moderate decline between the two peaks, indicating strong resistance at that price level. After the second peak, the stock typically experiences a significant decline, as we’ve seen with Ulta. The double-top pattern is particularly significant because it suggests that the stock may have reached its peak valuation, and the subsequent downtrend could continue unless there is a strong reversal signal. The neckline of this pattern, around $375, has already been retested, but the stock has failed to maintain support above this level. Moving Averages and Downward Momentum Further exacerbating the bearish outlook, Ulta Beauty’s stock (NASDAQ: NASDAQ:ULTA ) has moved below both the 200-week and 50-week moving averages. These moving averages are crucial indicators of long-term and intermediate-term trends, respectively. When a stock trades below these levels, it often signals sustained downward momentum and increased selling pressure. The 200-week moving average, in particular, is a critical level for long-term investors. Ulta’s drop below this average suggests that the stock’s long-term uptrend has been broken, and the path of least resistance is now downward. Warren Buffett Boost: A Temporary Reprieve? The recent 14% rise in Ulta’s stock price following Warren Buffett’s investment through Berkshire Hathaway brought some relief to the embattled stock. However, this boost might be short-lived. While Buffett’s endorsement often leads to a temporary increase in stock prices, the underlying technical indicators suggest that the hype could fade, leading to a resumption of the downtrend. Investors should be cautious, as the stock’s movement could revert to its bearish trend once the excitement from Buffett’s purchase subsides. The upcoming earnings report, scheduled for August 28, could be a critical moment for the stock. Any disappointment in earnings or guidance could trigger further declines, particularly if the company’s margins continue to shrink. Potential Downside Targets Given the current technical setup, Ulta Beauty’s stock could see further declines if the bearish trend persists. The next key support level lies around $300, which could act as a psychological barrier for the stock. If this level is breached, the stock may fall towards the $275 level, which represents a significant support zone established in previous years. Additionally, the Relative Strength Index (RSI) which stands at 54 has been hovering near oversold levels, which might suggest a short-term bounce. However, the broader trend remains bearish, and any rebound may be limited unless accompanied by strong volume and positive fundamental developments. Conclusion: In conclusion, Ulta Beauty’s technical analysis paints a picture of a stock that is struggling to find its footing after a significant decline. The double-top formation, breach of key moving averages, and reliance on temporary boosts from external factors like Warren Buffett’s investment all suggest that the stock’s bearish trend is far from over.
NASDAQ:ULTA
by DEXWireNews
$ULTANASDAQ:ULTA shorter term based on 24hr boxes look to short to 403 ish. Reason for this being is we failed to claim the upper box where we closed slightly under. We may have a small gap up to grab liquidity take that as your chance to short all the way to 403 possible we hit that target in a week. If we go down to 403 look for buyers to step in as we already broke through that sell wall. if we hold well and open up good the next day long to 417ish. overall i think we go a retest 423 ish before making the dump to maybe 395.
NASDAQ:ULTAShort
by jorgewerner
ULTA Looking SPICY for an UP MOVE!ULTA is looking absolutely spicy for an up move! We're in a strong pivot zone (both internal and external) with increasing RVOL and high volatility. This is the recipe for a huge explosion. Just like I predicted NASDAQ:INTC 's explosive move before it happened earlier today! Now, we need to look for the continuation of increasing RVOL while the price stays in the pivot zone. Key Points to Watch: Strong Pivot Zone ✅ Increasing RVOL 📈 High Volatility ⚡ Get ready for a potential breakout! 💥
NASDAQ:ULTALong
by TradeTalkFarsi
5/30/24 - $ulta - +ve setup... but sephora risk mounting??5/30/24 - vrockstar - NASDAQ:ULTA - this looks overdone for what should be decent results - given all the shoe co's crox, onon, birk, fl... beauty elf and even clothing names anf getting love (even lulu finding a much needed bounce - as i commented on sub $300) at 15x PE and 5% fcf yield, the setup does look +ve. what concerns me at the margin is this google trends and sephora (lvmh brand) looking to take massive incremental share. that's not good. while they're not perfect substitutes, they're pretty dang close. i'm tempted to buy some C's here to play the upside for a short-term re-trace on this massive down move from both the last results+... but idk if i could stomach a long term hold until i get resolution on the competition? does anyone who wears this stuff have a better point of view? trends.google.com
NASDAQ:ULTALong
by VROCKSTAR
1