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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. |
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Ulta Salon, Cosmetics & Fragrance Inc (ULTA) |
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Ulta Salon, Cosmetics & Fragrance Inc (ULTA). During the week, the ULTA dropped -70.78 points, or -14.41%, and closed at 420.27 on Friday, May 26, 2023. Weekly volume was 214% above average.
 Long-term trend: [See ULTA long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 124.05 and reached 556.60 on May 1, 2023. ULTA gained -432.55 points, or -348.69%, in 162 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (441.38) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ULTA may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.
 Medium-term trend: [See ULTA medium-term trend chart]
A medium-term uptrend had started on May 24, 2022 at 330.80 and reached 556.60 on May 1, 2023. ULTA gained -225.80 points, or -68.26%, in 48 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (436.67) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ULTA may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See ULTA weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since April 28, 2023. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See ULTA short-term trend chart]
A short-term downtrend had started on May 25, 2023 at 489.61 and reached 417.60 on May 26, 2023. ULTA lost 72.01 points, or 14.71%, in 1 days. Price is near the trend low.
 Daily Technical Indicators: [See ULTA daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since April 28, 2023. This is an indication that the short-term trend is down.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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