ULTA Forecast + Trading Strategies


Bullish Case: ULTA shows a robust resilience and ongoing strategic initiatives aimed at customer engagement and market expansion, supported by partnerships and data-driven analytics which continue to foster growth despite recent headwinds.


Bearish Case: Recent downturn warnings from management and a significant drop in stock prices reflect underlying issues such as elevated supply chain costs, increased competition, and a slowdown in consumer demand across all segments.


Potential Outcomes:

1) 60% chance ULTA rebounds due to strategic initiatives.

2) 25% likelihood of continued decline due to market saturation.

3) 15% Uncertainty remains with potential for stabilization or slight growth amid variable consumer spending trends.


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 18, 2024


Ulta Beauty Forecast

ULTA        Ulta Beauty
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with ULTA



ABT Forecast + Options Trading Strategies   ABT  Abbott Laboratories (0.86)


XBI Forecast + Options Trading Strategies   XBI  SPDR Biotech (0.81)


PAGS Forecast + Options Trading Strategies   PAGS  PagSeguro Digital (0.81)


FOUR Forecast + Options Trading Strategies   FOUR  Shift4 Payments (0.81)


SYY Forecast + Options Trading Strategies   SYY  Sysco (0.8)



Uncorrelated Stock Forecasts

Assets with little price relationship to ULTA



MTRX Forecast + Options Trading Strategies   MTRX  Matrix Service (-0.0)


YCS Forecast + Options Trading Strategies   YCS  ProShares UltraShort Yen (0.0)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (0.0)


FMC Forecast + Options Trading Strategies   FMC  FMC (-0.0)


ROKU Forecast + Options Trading Strategies   ROKU  Roku (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ULTA



EQNR Forecast + Options Trading Strategies   EQNR  Equinor ASA - (-0.7)


CRK Forecast + Options Trading Strategies   CRK  Comstock Resources (-0.71)


EQT Forecast + Options Trading Strategies   EQT  EQT (-0.72)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.74)


UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.77)





Become a more profitable investor with AI optimized trading strategies






×

Chat with ULTA


 Ask any question about ULTA!