ULTA trade ideas
ULTAif 380 hold, going to 410 ST
an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
ULTA in the buying zoneMODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price sitting on 52 period channel, below 39& 26, with $330 calling for price come down further.
Buying small position here and doubling if price reaches $330 area.
Price at or near bottom channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is negative
Price at or near 2.618 Fibonacci level (from 2HR chart)
Target is $100 or channel top bottom
Stop loss is $353 area
$ULTA - What do you think?NASDAQ:ULTA presents a better risk/reward. It has now closed the gap and is starting to be oversold.
There is a risk that it might drop to the $312 to $300 area.
Knowing that, would you bet on it through ER?
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
$ULTA - What do you think?NASDAQ:ULTA presents a better risk/reward. It has now closed the gap and is starting to be oversold.
There is a risk that it might drop to the $312 to $300 area.
Knowing that, would you bet on it through ER?
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
ULTA Screaming AccumulationA classic inverse H&S setup on ULTA here. Buffet buying and taking a stake a few weeks/month back makes me even more convinced. This will just take time. The large wicks are indicating that buyers are stepping in and absorbing selling demand from a weekly perspective. The buyers come and save the week. They're going to form this perfect right shoulder and it should launch - might take 6 months or so... NASDAQ:ULTA
ULTA is beauty indeed I was bearish based on the technicals but after Buffet got a stake in this , it took a U-turn .
The chart is primed for a run now.
Long anywhere here.
Target 1 - 400
Target 2 - 480
Target 3 - 520
Stop loss - 330
ULTA Option CallTaking Ulta on a debit spread 392.5 - 395.0 Expiration date 12/6
-Daily chart had a break and re/test of an ascending triangle testing the daily 50ema and Fib levels.
-Lower time frames were also in an ascending triangle and I took the trade at the bottom of the trend line paying the break out.
-More so playing the patterns here, price is not really trending but there are indications price can be moving up rather than down.
Symmetrical Triangle Pattern what is it/ how to draw it? 2/8Symmetrical Triangle Pattern what is it/ how to draw it? 2/8 Bullish Charting Patterns
A symmetrical triangle is a chart pattern that forms when the price of an asset converges with two trendlines that are moving towards each other, creating a triangular shape. Here’s how it works:
Converging Trendlines: The upper trendline is formed by connecting the descending highs, and the lower trendline is formed by connecting the ascending lows. These trendlines converge at a point called the apex.
Volume Decrease: As the pattern develops, trading volume typically decreases, indicating a period of consolidation and indecision in the market.
Breakout: Eventually, the price breaks out from the triangle, which can occur in either direction – upwards or downwards. The direction of the breakout often dictates the future trend of the asset.
Symmetrical triangles are considered continuation patterns, meaning they usually signal that the prevailing trend (upward or downward) before the pattern will continue after the breakout. Traders often use the height of the triangle (the distance between the initial high and low points) to estimate the potential price target following the breakout.
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Stay tuned for the other 6 BULLISH CHARTING PATTERNS
IS ULTA BEUTY ABOUT TO GET A MAKEOVER?!NASDAQ:ULTA
IS NASDAQ:ULTA ABOUT TO GET A MAKEOVER?!
In this analysis video we will discuss:
1️⃣ MY #HIGHFIVESETUP trading strategy
2️⃣ Symmetrical Triangle pattern
3️⃣ My plan for this trade
Short🎯 $448
Long 🎯 $516
Chart 1/5 dropping soon.
What do you think of this trade setup? Are you adding it to your watchlist?
NFA
NASDAQ:QQQ #TRADING
Salma is a jerkUlta is above the demand zone and I see the 378-382 as a supply zone on the 4 hour. On Friday there was a strong push towards the upside, but it still has to close above 382 before reaching the first PT of 390. Second Pt is 400 and the third is 410.
Ulta BeautifulBriefly fell below support on a market wide capitulatory event
quickly recaptured
moved back down to retest support
bounced for a higher high
now putting in a higher low with a bullish engulfing daily candle
making this look like 3 rising valleys.
Williams %range indicator is very low on daily monthly and weekly.
Business is doing well, and it has the Buffet Put.
Retailers in general are down bad across the board, and if you want to capture the gains of a recovery, then ULTA seems like an almost certain beneficiary.
ULTA BEAUTY - Potential Cup and Handle formation.ULTA BEAUTY - Could soon Print a Potential Cup and Handle formation which is Bullish.
Here I have switched to a Simple Line Chart to show the possible pattern.
Markets are very choppy at the moment awaiting the FED Rate Cut's Decision.
These predictions are not 100% always true, and need Conviction.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
ULTA Beauty Options Ahead of EarningsIf you haven`t sold the Double Top on ULTA:
Now analyzing the options chain and the chart patterns of ULTA Beauty prior to the earnings report this week,
I would consider purchasing the 380usd strike price Calls with
an expiration date of 2024-8-30,
for a premium of approximately $14.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ULTA: This could change the trend! |H & D charts|1-Hour Chart (Left Side)
On the 1-hour chart, the price is moving within a descending triangle pattern, characterized by a series of lower highs converging towards a horizontal support line around $368.84. If the price breaks below the $368.84 support level, it could lead to a further decline, with the next potential support around $358.35 on the daily chart. A break to the upside, above the descending trendline, could invalidate this bearish setup and indicate a potential reversal.
Daily Chart (Right Side)
On the daily chart, the price has recently filled a gap around $388.98, which now acts as a resistance level. After filling the gap, the price pulled back but found support at $368.84, creating a potential short-term base. If the price can hold above $368.84, there could be an attempt to retest the $388.98 resistance. However, failure to maintain above this level might result in a drop toward the $358.35 support level.
Key Levels to Watch
Resistance: $388.98, which is aligned with the previously filled gap, acts as the main resistance.
Support: $368.84 is the immediate support on the 1-hour chart, followed by $358.35 on the daily chart if this level breaks. There is another open gap at $332.92 and a more dramaticc correcction could take ULTA there.
Summary
ULTA is currently consolidating within a descending triangle on the 1-hour chart, with a critical support level at $368.84. The price action around this support will be crucial; a breakdown could lead to further declines.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Ulta Beauty Stock Analysis: A Technical Perspective Ulta Beauty (NASDAQ: NASDAQ:ULTA ) has been a staple in the beauty industry, known for its robust growth and strong brand presence. However, its stock price has recently been under significant pressure, experiencing a sharp decline of over 42% from its peak of $574 earlier this year to $328, the lowest in over 52 weeks. Despite a temporary boost from Warren Buffett's investment, the technical indicators suggest that the bearish trend may not be over.
Double-Top Formation: A Bearish Indicator
The technical outlook for Ulta Beauty (NASDAQ: NASDAQ:ULTA ) reveals a concerning pattern. The stock formed a double-top pattern at $557, which is a classic bearish signal in technical analysis. A double-top occurs when a stock reaches a high price level twice with a moderate decline between the two peaks, indicating strong resistance at that price level. After the second peak, the stock typically experiences a significant decline, as we’ve seen with Ulta.
The double-top pattern is particularly significant because it suggests that the stock may have reached its peak valuation, and the subsequent downtrend could continue unless there is a strong reversal signal. The neckline of this pattern, around $375, has already been retested, but the stock has failed to maintain support above this level.
Moving Averages and Downward Momentum
Further exacerbating the bearish outlook, Ulta Beauty’s stock (NASDAQ: NASDAQ:ULTA ) has moved below both the 200-week and 50-week moving averages. These moving averages are crucial indicators of long-term and intermediate-term trends, respectively. When a stock trades below these levels, it often signals sustained downward momentum and increased selling pressure.
The 200-week moving average, in particular, is a critical level for long-term investors. Ulta’s drop below this average suggests that the stock’s long-term uptrend has been broken, and the path of least resistance is now downward.
Warren Buffett Boost: A Temporary Reprieve?
The recent 14% rise in Ulta’s stock price following Warren Buffett’s investment through Berkshire Hathaway brought some relief to the embattled stock. However, this boost might be short-lived. While Buffett’s endorsement often leads to a temporary increase in stock prices, the underlying technical indicators suggest that the hype could fade, leading to a resumption of the downtrend.
Investors should be cautious, as the stock’s movement could revert to its bearish trend once the excitement from Buffett’s purchase subsides. The upcoming earnings report, scheduled for August 28, could be a critical moment for the stock. Any disappointment in earnings or guidance could trigger further declines, particularly if the company’s margins continue to shrink.
Potential Downside Targets
Given the current technical setup, Ulta Beauty’s stock could see further declines if the bearish trend persists. The next key support level lies around $300, which could act as a psychological barrier for the stock. If this level is breached, the stock may fall towards the $275 level, which represents a significant support zone established in previous years.
Additionally, the Relative Strength Index (RSI) which stands at 54 has been hovering near oversold levels, which might suggest a short-term bounce. However, the broader trend remains bearish, and any rebound may be limited unless accompanied by strong volume and positive fundamental developments.
Conclusion:
In conclusion, Ulta Beauty’s technical analysis paints a picture of a stock that is struggling to find its footing after a significant decline. The double-top formation, breach of key moving averages, and reliance on temporary boosts from external factors like Warren Buffett’s investment all suggest that the stock’s bearish trend is far from over.
ULTA Beauty is no longer a beautyIt was in the back burner, but it moved fast below the flag.
It has lot more meat left , so posting it.
Next target 280
Worst case target 200
$ULTANASDAQ:ULTA shorter term based on 24hr boxes look to short to 403 ish. Reason for this being is we failed to claim the upper box where we closed slightly under. We may have a small gap up to grab liquidity take that as your chance to short all the way to 403 possible we hit that target in a week. If we go down to 403 look for buyers to step in as we already broke through that sell wall. if we hold well and open up good the next day long to 417ish. overall i think we go a retest 423 ish before making the dump to maybe 395.
ULTA Looking SPICY for an UP MOVE!ULTA is looking absolutely spicy for an up move! We're in a strong pivot zone (both internal and external) with increasing RVOL and high volatility. This is the recipe for a huge explosion. Just like I predicted NASDAQ:INTC 's explosive move before it happened earlier today! Now, we need to look for the continuation of increasing RVOL while the price stays in the pivot zone.
Key Points to Watch:
Strong Pivot Zone ✅
Increasing RVOL 📈
High Volatility ⚡
Get ready for a potential breakout! 💥
ULTAWill be great if it is a flat. Daily chart - price sits on DMA200. May likely move a bit lower, but wave proportions within this ABC are already ok. Not a rocket stock, but the price seems a bargain. Mind your risks and do your own analysis before deploying your valuable capital in any trade
Ultra UltaThinking about Ulta. Thinking it consolidates a few days in the green zone i hereby dub the "Buy Zone". Thinking could be a long play here maybe, you never know...
ULTA - Lotto call option for upcoming EarningsSince ULTA is very close to a weekly strong pivot i purchased this lotto call option expiring after next earnings. Not recommended you will probably lose all your money . But this stock has always been generous toward me... so why not! 👌🤘🏻🚀
$ULTA 400 + INCOMINGRsi is rising, building that consolidation once we get over 400 this thing is gone.
I would expect a move this week sometime if not next week. Def in my watchlist as well
