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IS ELF BEAUTY FINALLY BOTTOMING OUT?! LET'S SEE!NYSE:ELF is at a key S/R zone and has shown buyers will step in well before this thing try's to dip under $100! That's great news as that gives us a great risk/reward ratio area! MACD, RSI, and the Stochastic are all starting to curl upward off the bottom, indicating the start of a bottoming reversal. My trade setup and execution details are below. Not Financial Advice. Entry: $118 Break PT1: $152 PT2: $175 Final PT: $220 S/L: Break below $100 at $97.72.
NYSE:ELFLong
by RonnieV29
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.
NASDAQ:ULTA
by DEXWireNews
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! 💥
NASDAQ:ULTALong
by TradeTalkFarsi
Ulta Beauty Drops 15% as CEO warns of lackluster 1st Qtr. DemandThe beauty industry is renowned for its resilience, but even giants like Ulta Beauty ( NASDAQ:ULTA ) are not immune to the shifting tides of consumer demand and market competition. Recently, Ulta Beauty's CEO David Kimbell sounded a cautionary note, signaling a slowdown in first-quarter demand and intensifying competition, which sent shockwaves through the market and reverberated across industry peers. As Ulta Beauty ( NASDAQ:ULTA ) braces for a challenging period ahead, analysts and investors alike are grappling with uncertainties about the company's future trajectory amidst a rapidly evolving landscape. The Unraveling Story: Ulta Beauty ( NASDAQ:ULTA ), a stalwart in the beauty retail sector, experienced a significant setback as its shares plummeted by as much as 15% following CEO David Kimbell's sobering remarks during a fireside chat with J.P. Morgan analysts. Kimbell revealed that the company anticipates a moderation in total category growth, a stark departure from years of robust expansion. This unexpected deceleration in demand, coupled with heightened competition, has cast a shadow over Ulta Beauty's prospects and sent ripples of concern throughout the industry. The Competitive Conundrum: In the face of intensifying competition, Ulta Beauty ( NASDAQ:ULTA ) finds itself grappling with challenges across multiple fronts. CEO David Kimbell pointed out that the company has lost ground in prestige makeup and encountered difficulties in the haircare segment. The competitive landscape, characterized by aggressive marketing strategies and evolving consumer preferences, poses a formidable obstacle for Ulta Beauty and its peers. The ripple effects of this competitive pressure were felt by Ulta Beauty and industry players like elf Beauty, Coty, and Estee Lauder, whose shares witnessed notable declines in response to the unfolding developments. Navigating Uncertain Waters: Despite the prevailing uncertainties, analysts remain cautiously optimistic about Ulta Beauty's resilience. William Blair analyst Dylan Carden emphasized that the decline in shares reflects more of an apprehension about the future rather than a concrete understanding of earnings downside. Ulta Beauty's reaffirmation of its comparable sales target for the year, coupled with its track record of resilience in the face of challenges, offers a glimmer of hope amidst the prevailing uncertainty. However, the company's ability to navigate the turbulent waters ahead will hinge on its capacity to adapt to changing market dynamics and fortify its competitive position in the industry. Looking Ahead: As Ulta Beauty charts its course forward, the road ahead appears fraught with challenges and opportunities alike. The company's ability to recalibrate its strategies, capitalize on emerging trends, and differentiate itself in an increasingly crowded market will be instrumental in shaping its trajectory in the coming quarters. While the specter of uncertainty looms large, Ulta Beauty remains steadfast in its commitment to driving sustainable growth and delivering value to its stakeholders. Technical Outlook Ulta Beauty ( NASDAQ:ULTA ) stock is trading below its 200, 100 & 50-day Moving Averages (MA) respectively with a nosediving Relative Strength Index (RSI) of 23 indicating a massive sell-off from traders amidst CEO's warning of lackluster first Quarter Demand
NASDAQ:ULTAShort
by DEXWireNews
EL jumps on analyst upgrade LONGEL like ULTA was beaten down in covid times. It jumped in 2021 and fell in 2022 and 2023. 2024 might be the year they thrive again. On the weekly chart, EL is back to the support of its levels of 2018. With an analyst upgrade coming from Bank of America it is now getting a bit of attention. Trend strength and relative strength were down. I see this as a good entry for a new long position in EL while also looking at ULTA. Targets are the fib zone and a correction / consolidation area on the downtrend so 200 and 250. Now is the time to invest in female beauty.....
NYSE:EL
by AwesomeAvani
ULTA Profit Forecast Misses Estimates Amidst Rising Cost Ulta Beauty ( NASDAQ:ULTA ), a prominent player in the beauty retail landscape, finds itself navigating choppy waters as its annual profit forecast falls short of Wall Street estimates. The announcement, made on Thursday, sent ripples through the market, with the company's shares declining by 4.5% in extended trading. Elevated supply chain costs and increased promotional activities have taken a toll on Ulta Beauty's ( NASDAQ:ULTA ) margins, highlighting the challenges faced by retailers in the current economic climate. Despite the beauty retailer's efforts to stimulate sales through aggressive discounts, consumers, grappling with inflationary pressures, have shown restraint in spending on discretionary items like cosmetics and hair care products. Compounding these challenges is the persistent issue of retail shrink, where inventory loss due to theft and breakage continues to impact margins. This multifaceted challenge underscores the complexities faced by retailers, with several companies flagging it as a significant obstacle to profitability. Ulta Beauty ( NASDAQ:ULTA ) now anticipates its annual operating margin to range between 14.0% and 14.3%, a decline from the 15.0% reported in the previous year. Additionally, the company's annual adjusted earnings per share forecast falls below analysts' expectations, with the mid-point falling short of the average estimate. However, despite the subdued profit outlook, Ulta Beauty ( NASDAQ:ULTA ) remains optimistic about its revenue prospects for fiscal 2024. The company forecasts revenue to be between $11.7 billion and $11.8 billion, slightly exceeding analysts' estimates. In the fourth quarter ended Feb. 3, Ulta Beauty ( NASDAQ:ULTA ) reported a profit of $8.08 per share, surpassing expectations. Quarterly revenue also saw a healthy increase of about 10% year-on-year, outperforming analysts' projections. While Ulta Beauty's ( NASDAQ:ULTA ) shares reached an intra-day record high before closing lower, reflecting investor optimism, the stock has shown resilience, surging approximately 15% in 2024 despite the challenges faced by the company. In conclusion, Ulta Beauty's struggle to meet profit forecasts amidst rising costs and cautious consumer spending underscores the volatile nature of the retail landscape. As the company navigates these challenges, its ability to adapt to evolving market dynamics will be crucial in sustaining long-term growth and profitability.
NASDAQ:ULTA
by DEXWireNews
ULTA Beauty Options Ahead of EarningsIf you haven`t sold ULTA`s Double Top Bearish Chart Pattern here: or the previous earnings signal: Then analyzing the options chain and the chart patterns of ULTA Beauty prior to the earnings report this week, I would consider purchasing the 455usd strike price Calls with an expiration date of 2023-8-25, for a premium of approximately $14.40. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:ULTALong
by TopgOptions
ULTA has Overextended Strength SHORTULTA a women's beauty focused company has benefitted from the end of the Covid Era, Earnings reports have been rock solid for sure. I think ULTA is overdue for a correction. On the 4H Chart, supply and demand zones are per the LuxAlgo indicator. Price touched and retested demand several times last summer and early fall. It is now touching and testing the supply zone above the POC line of the long term volume profile. It is in the overvalued region of the long term anchored VWAP bands. The Wycoff buying /selling oscillator is still positive but with a decreasing amplitude. I see ULTA as setting up for a short sell entry. The entry could be now but a better entry would wait for price to get under the POC line at HKEX:528 and the volume oscillator turn to negative with the histogram below the zero line showing bearish volume momentum. My preferred position is a put option at a strike of HKEX:530 expiring on 5/19/23.
NASDAQ:ULTAShort
by AwesomeAvani
1
ULTA Beauty Ready for a Pullback 0.5 leveULTA is sitting below a double top and looking at the Fib levels retraceing the uptrend finishing out December. The RSI shows relative weakness while the MACD shows the trend after a crossover of the lines at each of the two tops. I believe this stock is ready for a short position with a stop loss just above the double top. The first target would be the Fib 0.5 level from the retrace of the uptrend. The second target would be the red line showing the top of the recent high volume area of the volume profile. Conversely, I may wait and watch for a bounce off one of the two central Fib levels or that red line and and take a long trade targeting the double top. ( Trade well , trade often)
NASDAQ:ULTA
by AwesomeAvani
ULTA BEAUTY has had a long uptrend with good strength relative and excellent recent earnings. On the chart, price has risen persistently and consistently from a triple bottom in late September through October The stay-at-home economy is over. Beauty and so cosmetics are back. ULTA should benefit from holiday buying and gifting Looking at long time frame charts. ULTA is now at its all time high. nothing but blue sky above Looks like a decent candidate for call options to me.
NASDAQ:ULTALong
by AwesomeAvani