ULTA BEAUTY INC (ULTA) Stock Technical Analysis
NASDAQ:ULTA - Nasdaq - US90384S3031 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to ULTA. 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!
ULTA is one of the better performing stocks in the Specialty Retail industry, it outperforms 78% of 121 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.
ULTA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that ULTA is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ULTA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
360.24
480.44
When analyzing the support we can see 2 important areas.
- A support zone ranging from 457.65 to 466.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @363.88 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 473.86 to 475.68. 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 | 81.03 | POSITIVE | ULTA has a high relative strength, it outperformed 81.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ULTA is above a declining 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) | 61.7 | NEUTRAL | The RSI value for ULTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.36 | NEGATIVE | The MACD value suggests ULTA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.99 | NEUTRAL | The Stochastics value for ULTA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for ULTA suggests some volalility. |
| Average Directional Index/ADX (14) | 30.24 | 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)
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 |
|---|---|---|---|
| 475.69 | 457.64 | 18.05 (3.79%) | 25.00% |
| An entry @475.69. This is a Buy Stop order right above the resistance zone. | An exit @457.64. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 18.05 points, which is 3.79%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.95%. |
- 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.
467.82
+9.55 (+2.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg2.08%
1 Week-0.79%
2 Weeks1.88%
1 Month-0.77%
3 Month30.18%
6 Month8.45%
12 Month19.95%
2 Year-0.59%
3 Year21.36%
5 Year129.98%
10 Year202.89%
15 Year1877.26%
Volatility
ATR(14)10.24
ATR(20)%2.17%
ATR Inc-9.27%
Range Today13.63
ADR(20)10.06
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.03
Mansfield1.13
10 Day High479.21
10 Day Low452.05
20 Day High481.34
20 Day Low452
52 Week High491.98
52 Week Low309.01
CS1 End458.26
CR1 Start462.21
Volume & EV
DER(3)-0.31%
DER(5)-0.61%
Volume675.70K
Volume Incr-8.89%
Vol(5)907.20K
Vol(50)825.28K