The Greedy Trader Weekly Analysis
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Uptrend Broken Support

Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

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- 10/16/2026 -
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Ulta Salon, Cosmetics & Fragrance Inc (ULTA) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
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It was a second consecutive positive week for the Ulta Salon, Cosmetics & Fragrance Inc (ULTA). During the week, the ULTA gained 22.57 points, or 3.96%, and closed at 592.94 on Friday, October 16, 2026. Weekly volume was -19% below average.

Long-term trend: [See ULTA long-term trend chart]
A long-term uptrend had started on March 13, 2025 at 309.00 and reached 714.97 on February 18, 2026. ULTA gained -405.97 points, or -131.38%, in 48 weeks. The price is now at the 30.06% retracement level.

Medium-term trend: [See ULTA medium-term trend chart]
A medium-term uptrend had started on June 30, 2026 at 443.60 and reached 615.00 on October 16, 2026. ULTA gained -171.40 points, or -38.64%, in 15 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (562.57) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ULTA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 31, 2026. This is an indication that the medium-term trend is up. 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 August 17, 2026 at 493.11 and reached 615.00 on October 16, 2026. ULTA gained -121.89 points, or -24.72%, in 60 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 555.26 and resistance is at 608.33. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See ULTA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since October 7, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.81
Bearish
Williams' Percentage Range (W%R) 4.90
Strong Overbought
Lane's Stochastic (%D-Slow) 90.05
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 84.97
Overbought
Moving Average Converg./Diverg. (MACD) 8.83 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.75
Williams' Percentage Range (W%R) 2.30
Strong Overbought
Lane's Stochastic (%D-Slow) 79.93
Greed/Fear Indicator (GFI) 79.27
Moving Average Converg./Diverg. (MACD) -3.25
Trading Signals
Description Value Chart
Weekly Trendline Resistance 608.33
Daily Stochastic Crossing 607.37
Upper Bollinger Band 602.84
Weekly Stochastic Crossing 594.15
Price 592.94
Monthly Trendline Resistance 571.14
Monthly Trendline Support 562.57
Parabolic System 562.34
20 Day Moving Average 559.26
Weekly Trendline Support 555.26
50 Day Moving Average 545.75
Lower Bollinger Band 524.71
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Specialty Stores 95
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 529.01
Low Date 09/16/2026
High 615.00
High Date 10/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 608.33
Support 555.26
Low 493.11
Low Date 08/17/2026
High 615.00
High Date 10/16/2026
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 571.14
Support 562.57
Low 443.60
Low Date 06/30/2026
High 615.00
High Date 10/16/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 714.97
High Date 02/18/2026
Low 443.60
Low Date 06/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 309.00
Low Date 03/13/2025
High 714.97
High Date 02/18/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.