Ulta Beauty, Inc. Stock Forecast
Ulta Beauty, Inc. stock price down 0.459% on Wednesday
(Updated on Jul 03, 2024)
The Ulta Beauty, Inc. stock price fell by -0.459% on the last day (Wednesday, 3rd Jul 2024) from $391.80 to $390.00. During the last trading day the stock fluctuated 1.42% from a day low at $388.60 to a day high of $394.13. The price has fallen in 6 of the last 10 days but is still up by 1.19% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -59 shares and in total, 125 shares were bought and sold for approximately $48.75 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.01% during the next 3 months and, with a 90% probability hold a price between $319.84 and $352.92 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0LIB.L Signals & Forecast
The Ulta Beauty, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $387.80 and $388.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 3.59%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ulta Beauty, Inc. stock
Ulta Beauty, Inc. finds support from accumulated volume at $388.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $5.53 between high and low, or 1.42%. For the last week the stock has had daily average volatility of 1.39%
Our recommended stop-loss: $367.65 (-5.73%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (0LIB.L) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Ulta Beauty, Inc. to open at $390.91, and during the day (based on 14 day Average True Range), to move between $382.68 and $397.32, which gives a possible trading interval of +/-$7.32 (+/-1.88%) up or down from last closing price. If Ulta Beauty, Inc. takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $388.15 (0.47%) than the resistance at $392.60 (0.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ulta Beauty, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.198 Buy Candidate Unchanged
Predicted Opening Price for Ulta Beauty, Inc. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| $390.91 ( 0.233%) | $390.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0LIB.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 396.44 | 1.65% |
| R2 | 394.33 | 1.11% |
| R1 | 393.02 | 0.775% |
| Price | 390.00 | |
| S1 | 388.79 | -0.309% |
| S2 | 387.49 | -0.644% |
| S3 | 385.37 | -1.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 446.65 | 14.53% |
| R2 | 415.72 | 6.59% |
| R1 | 392.60 | 0.667% |
| Price | 390.00 | |
| S1 | 388.15 | -0.474% |
| S2 | 383.98 | -1.54% |
| S3 | 379.40 | -2.72% |
0LIB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2022 | Mar 15, 2022 | Mar 15, 2022 | $0.285 | 0.0769% |
FAQ
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