Ulta consolidation. Wait for break

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ULTA is in a consolidation phase post-Q1 2025 earnings, trading between $421.79 (support) and $465.48 (resistance). To identify a breakout:

Price Levels: Watch for a daily/weekly close above $465.48 (bullish, targeting $480–$510) or below $421.79 (bearish, targeting $367.76–$338).
Moving Averages: Monitor the 200-day MA ($442.22, ~40-week MA) for support; a break above $465.48 (50-day MA) is bullish, below $442.22 is bearish.
RSI: Look for RSI >60 (bullish) or <50 (bearish) to confirm momentum.
MACD: A strengthening bullish crossover above $465.48 or bearish crossover below $421.79 signals direction.
Volume: Confirm breakouts with volume >1.5M shares.
Patterns: An inverse head and shoulders breakout above $465.48 is bullish; a head and shoulders breakdown below $315 is bearish.
Fibonacci: Watch $400.45 (50% retracement) for bearish targets, $448.66 (23.6%) for bullish.
ATR: Expect ±$10.98 daily moves; set alerts at $469.25 (bullish) and $447.29 (bearish).
On TradingView, set a custom layout with these indicators, disable “Auto (Fits Data to Screen),” and save to persist zoom. Set alerts at $465.48, $421.79, and $442.22. In your Trading 212 ISA, ULTA’s gains are UK tax-free, but monitor USD conversion fees.

Penafian

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