ULTA BEAUTY INC (ULTA) Stock Technical Analysis
NASDAQ:ULTA - Nasdaq - US90384S3031 - Common Stock - Currency: USD
Overall ULTA gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ULTA is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ULTA is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by ULTA over the past year are nicely spread over this period.
ULTA is part of the Specialty Retail industry. There are 122 other stocks in this industry. ULTA outperforms 85% of them.
ULTA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ULTA has a been trading in the 467.24 - 521.77 range, which is quite wide. It is currently trading near the high of this range.
Although ULTA has an excellent technical rating, the quality of the presented setup is not ideal 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
363.76
524.47
3 important support areas can be observed.
- A support zone ranging from 490.27 to 495.87. 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 457.65 to 458.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @367.43 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 514.96 to 519.28. 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 | 89.71 | POSITIVE | ULTA has a high relative strength, it outperformed 89.71% 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) | 72.37 | OVERBOUGHT | The high RSI value suggests ULTA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.97 | POSITIVE | The MACD value suggests ULTA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.77 | OVERBOUGHT | The high Stochastics value suggests ULTA may be overbought. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for ULTA suggests low volalility. |
| Average Directional Index/ADX (14) | 45.59 | 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)
513.63
-5.64 (-1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.09%
1 Week2.17%
2 Weeks8.41%
1 Month9.79%
3 Month29.77%
6 Month24.62%
12 Month50.62%
2 Year15.47%
3 Year32.07%
5 Year166.14%
10 Year209.36%
15 Year1933.37%
Volatility
ATR(14)9.61
ATR(20)%1.99%
ATR Inc-18.99%
Range Today10.18
ADR(20)10.18
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.71
Mansfield1.75
10 Day High521.77
10 Day Low473.64
20 Day High521.77
20 Day Low467.24
52 Week High521.77
52 Week Low309.01
CS1 End495.87
CR1 Start514.96
Volume & EV
DER(3)1.18%
DER(5)0.75%
Volume579.90K
Volume Incr-17.07%
Vol(5)556.00K
Vol(50)789.33K