Ulta Beauty, Inc. (NASDAQ:ULTA) Fell By -1.7%, But Why?

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After completing its last trading session, Ulta Beauty, Inc. (NASDAQ:ULTA) dropped by -1.7% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To grasp this action better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 50.626, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.032, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 5.48, an Accumulation/Distribution Index (ADI) of 5.48, an On-Balance Volume (OBV) of 11835.766, and a Chaiikin Money Flow (CMF) of 254.55. 31.6

Now let’s take all these indicators into account. According to Trading View, putting it all together gets the following:

So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.