We assign a technical rating of 10 out of 10 to ULTA. Both in the recent history as in the last year, ULTA has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ULTA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 607.53. Right above this resistance zone may be a good entry point.
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493.23
We found 5 important support areas.
- A support zone ranging from 599.61 to 600.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 585.97 to 587.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 543.87 to 546.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 515.57 to 532.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @498.21 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 607.53 to 612.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ULTA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ULTA is up. |
| ChartMill Relative Strength | 87.72 | POSITIVE | ULTA has a high relative strength, it outperformed 87.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ULTA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ULTA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ULTA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.9 | NEUTRAL | The RSI value for ULTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ULTA has a negative trend. |
| Stochastics (14,3) | 74.82 | NEUTRAL | The Stochastics value for ULTA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for ULTA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.13 | POSITIVE | The high ADX value value for ULTA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 612.97 | 599.60 | 13.37 (2.18%) | 25.00% |
| An entry @612.97. This is a Buy Stop order right above the resistance zone. | An exit @599.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 13.37 points, which is 2.18%. | For a 0.55% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ULTA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
604.64
-2.88 (-0.47%)
ULTA BEAUTY INC / ULTA FAQ
Can you provide the ChartMill technical rating for ULTA BEAUTY INC?
ChartMill assigns a technical rating of 10 / 10 to ULTA.
What is the trend direction for ULTA stock?
The current trend direction for ULTA BEAUTY INC (ULTA) is Bullish.
Can you provide the RSI signal for ULTA BEAUTY INC?
ULTA BEAUTY INC (ULTA) has an RSI value of 62.8961. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ULTA BEAUTY INC?
The MACD indicator for ULTA BEAUTY INC (ULTA) has a value of -0.0786631, indicating a bearish trend.
What is the short term momentum for ULTA stock?
The short term momentum for ULTA BEAUTY INC (ULTA) is positive.