ULTA short possibilityInteresting structure here... looking to take some puts around 420 hopefully gaps up after ER can open position then.
ULTA trade ideas
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
$ULTA with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ULTA after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 83.33%.
ULTA - Strong Bullish PositionI expect price to form a double bottom from where it is now, continuing the up channel that can be drawn
I prior double bottom can be seen, which led to bullish results
$ULTA Breakout Target 430$$ULTA Breakout in 1h Chart on above average volume - Target 430$
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA --> Check
2. Consolidation Phase in Uptrend --> Check
3. Breakout on above average Volume --> Check
ULTA overextended and fundamentally weakULTA running right into the overhead resistance and extended outside the top of its value range. It found strong support at 402 last week but now it gets rejected at 430, also showing signs of double top after not being able to get a strong close over 425 for the 5th time. Personally expecting CPI tomorrow to expedite its test of 402 support before most likely breaking it. After all said and done, I think it will land itself around 370 where it will be range bound. Although I think this range will not hold for very long from a fundamental stand point. Before last earnings, ULTA showed clear weakness when it started closing below its VAL; this opens up the area of 300 for next stronger range trading for ULTA. Briefly looking at it from a fundamental stand point, next earnings will show its growth slow and decline in all honestly. Inflation pressure is hurting consumers and I think this will lead to a decline in specialty retail sales. We are already seeing this in general retail like WMT and TGT.
$ULTA Breakout Target 520$$ULTA Breakout in 4h Chart on above average volume after consolidation phase - Target 520$
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA --> Check
2. Consolidation Phase in Uptrend --> Check
3. Breakout on above average Volume --> Check
ULTA BreakoutULTA broke out of its flag. May pick up more shares if it retests and price action looks good.
ULTA Breakout watchWatching for a breakout here on ULTA. Might take a few days, or not happen at all
ULTA + CHANEL UP05/31/2022 (mm-dd-yy)
TARGET 490
TRIGGER 439
STOP 1 = 416
STOP 2 = 356
Historic:
05/31/2022 (mm-dd-yy)
Fear & Greed Index: 26
Mid-term forecast (1-2 weeks):
If price breaks the 439 resistance, a resumption of a strong uptrend is expected.
Aiming at 490 (1-2 weeks) and (2-4 weeks)
If the support a 439 breaks, the short-term forecast (resumption of the downtrend) will not be valid.
We will close our open trades if the 416 or 356 level is broken in the medium term.
Technical analysis:
A chanel on the floor forms on the daily chart between 356 and 416, starting on 08/23/2021.
This week it can break 439 and is expected to rise to 490 according to technical analysis and confirmation of the pattern.
+ Trigger:
Trigger1= 439
+ Take Profits:
TP1=490
+ Stop:
Stop1=416
Stop2=356
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Ulta USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Are we looking for $300?Chart looks broken and now retesting previous highs. This can come down anytime towards $300 pretty fast.
$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
Ulta Beauty USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
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
