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Archive
- 11/8/2024 -
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Ulta Salon, Cosmetics & Fragrance Inc (ULTA) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a third positive week after 3 consecutive negative weeks for the Ulta Salon, Cosmetics & Fragrance Inc (ULTA). During the week, the ULTA gained 9.40 points, or 2.49%, and closed at 387.30 on Friday, November 8, 2024. It was the best weekly gain since September 20, 2024. Weekly volume was -17% below average.
 Long-term trend: [See ULTA long-term trend chart]
A long-term downtrend had started on March 14, 2024 at 574.76 and reached 318.17 on August 12, 2024. ULTA lost 256.59 points, or 44.64%, in 21 weeks. The price is now at the 26.94% retracement level.
 Medium-term trend: [See ULTA medium-term trend chart]
A medium-term uptrend had started on August 12, 2024 at 318.17 and reached 412.00 on September 26, 2024. ULTA gained -93.83 points, or -29.49%, in 6 weeks. The price is now at the 26.32% retracement level.
 Weekly Technical Indicators: [See ULTA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since September 6, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See ULTA short-term trend chart]
A short-term uptrend had started on October 16, 2024 at 352.40 and reached 395.90 on November 7, 2024. ULTA gained -43.50 points, or -12.34%, in 22 days. The price is now at the 19.77% retracement level.
 Daily Technical Indicators: [See ULTA daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since October 25, 2024. This is an indication that the short-term trend is up.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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