ULTA BEAUTY INC (ULTA) Stock Technical Analysis
NASDAQ:ULTA - US90384S3031 - Common Stock
492.73 USD
-37.9 (-7.14%)
493 USD
+0.27 (+0.05%)
We assign a technical rating of 8 out of 10 to ULTA. In the last year, ULTA was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month ULTA has a been trading in the 492.00 - 538.59 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, ULTA did better than 81% of all other stocks.
ULTA is one of the better performing stocks in the Specialty Retail industry, it outperforms 72% of 123 stocks in the same industry.
ULTA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ULTA is lagging the market slightly.
Although ULTA has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
367.27
539.16
When analyzing the support we can see 2 important areas.
- A support zone ranging from 485.87 to 492.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @370.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 529.51 to 533.82. 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 | NEUTRAL | NEUTRAL | The short term trend for ULTA is neutral. |
| ChartMill Relative Strength | 81.76 | POSITIVE | ULTA has a high relative strength, it outperformed 81.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ULTA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ULTA is below 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) | 40.07 | NEUTRAL | The RSI value for ULTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.51 | NEGATIVE | The MACD value suggests ULTA has a negative trend. |
| Stochastics (14,3) | 58.32 | NEUTRAL | The Stochastics value for ULTA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for ULTA suggests some volalility. |
| Average Directional Index/ADX (14) | 33.53 | POSITIVE | The high ADX value value for ULTA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
492.73
-37.9 (-7.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-7.14%
1 Week-6.94%
2 Weeks-5.43%
1 Month-2.95%
3 Month4.51%
6 Month34.49%
12 Month39.65%
2 Year18.72%
3 Year17.35%
5 Year112.22%
10 Year211.68%
15 Year2070.62%
Volatility
ATR(14)15.12
ATR(20)%2.85%
ATR Inc135.93%
Range Today46.38
ADR(20)13.23
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.76
Mansfield0.92
10 Day High538.59
10 Day Low492
20 Day High538.59
20 Day Low492
52 Week High538.59
52 Week Low309.01
CS1 End492.72
CR1 Start529.51
Volume & EV
DER(3)-1.58%
DER(5)-1.44%
Volume2.94M
Volume Incr155.1%
Vol(5)1.44M
Vol(50)707.07K