Taking everything into account, ULTA scores 10 out of 10 in our technical rating. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ULTA did better than 92% of all other stocks. We also observe that the gains produced by ULTA over the past year are nicely spread over this period.
- ULTA is one of the better performing stocks in the Specialty Retail industry, it outperforms 86% of 121 stocks in the same industry.
- A new 52 week high is currently being made by ULTA, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month ULTA has a been trading in the 594.27 - 678.10 range, which is quite wide. It is currently trading near the high of this range.
Although ULTA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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493.23
When analyzing the support we can see 5 important areas.
- A support zone ranging from 582.96 to 585.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @558.01 from a trend line in the weekly time frame.
- A support zone ranging from 532.71 to 534.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @510.06 from a trend line in the daily time frame.
- Support @498.21 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 675.63 to 675.63. 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 | 92.79 | POSITIVE | ULTA has a high relative strength, it outperformed 92.79% 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) | 77.66 | OVERBOUGHT | The high RSI value suggests ULTA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.9 | POSITIVE | The MACD value suggests ULTA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.79 | OVERBOUGHT | The high Stochastics value suggests ULTA may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for ULTA suggests low volalility. |
| Average Directional Index/ADX (14) | 49.62 | POSITIVE | The high ADX value value for ULTA suggests a strong trend. |
675.62
+12.14 (+1.83%)
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.
Can you provide the trend direction for ULTA BEAUTY INC?
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 77.6582. This indicates that the stock is currently overbought.
What is the MACD signal for ULTA stock?
The MACD indicator for ULTA BEAUTY INC (ULTA) has a value of 0.89696, indicating a bearish trend.
What is the buy/sell signal for ULTA BEAUTY INC (ULTA) stock?
The buy/sell signal for ULTA BEAUTY INC (ULTA) is buy as both the short term and long term trends are positive.