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Ulta Beauty price faces negative outlook - Forecast today - 20-06-2024
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Ulta Beauty price faces negative outlook - Forecast today - 20-06-2024
Jun 20, 2024 8:08 AM

Ulta Beautys stock price (ULTA) fell in the intraday levels, amid the dominance of the downward trend, as it trades alongside the secondary short-term trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.

Therefore we expect more losses for the stock, targeting the pivotal support of $368.00, provided the resistance of $417.40 holds on.

Trend forecast: Bearish

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