Question 1

What implications does the 10-day RSI indicator have for ULTA?

Accepted Answer

The RSI Oscillator for ULTA moved out of oversold territory on August 13, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 23 similar instances when the indicator left oversold territory. In 14 of the 23 cases the stock moved higher. This puts the odds of a move higher at 0%.

Question 2

What does the Stochastic Oscillator suggest about ULTA's trend?

Accepted Answer

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Question 3

How did ULTA's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 15, 2024. You may want to consider a long position or call options on ULTA as a result. In 72 of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for ULTA?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for ULTA just turned positive on August 15, 2024. Looking at past instances where ULTA's MACD turned positive, the stock continued to rise in 31 of 42 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What is the significance of the 50-day moving average indicator for ULTA?

Accepted Answer

ULTA moved above its 50-day moving average on August 16, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 6

What does a 3-day price advance indicate for ULTA?

Accepted Answer

Following a +14.64% 3-day Advance, the price is estimated to grow further. Considering data from situations where ULTA advanced for three days, in 234 of 343 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 7

What does a 3-day decline signify for ULTA's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ULTA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 60%.

Question 8

What does ULTA breaking above its upper Bollinger Band indicate?

Accepted Answer

ULTA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 9

How does the Aroon Indicator reflect on ULTA's trend?

Accepted Answer

The Aroon Indicator for ULTA entered a downward trend on August 19, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

ULTA Stock Ulta Beauty (ULTA, $389.41) entered Uptrend as Momentum indicator ascends above 0 level on Jun 04, 2024

ULTA's RSI Oscillator ascends from oversold territory

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