UNIVERSAL DISPLAY CORP (OLED) Technical Analysis
NASDAQ:OLED • US91347P1057
Current stock price
OLED Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to OLED. OLED scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, OLED is a bad performer in the overall market: 88% of all stocks are doing better.
- OLED is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 90% are performing better than OLED.
- OLED is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so OLED is lagging the market.
- In the last month OLED has a been trading in the 87.59 - 101.64 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
OLED Weekly and Daily overview Charts
OLED Setup Rating and Analysis
The technical rating of OLED is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
OLED Support and Resistance Analysis
88.71
5 important resistance areas can be observed.
- Resistance @90.74 from a trend line in the daily time frame.
- A resistance zone ranging from 93.29 to 94.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @96.83 from a horizontal line in the daily time frame.
- Resistance @116.56 from a trend line in the weekly time frame.
- Resistance @151.92 from a horizontal line in the daily time frame.
OLED Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for OLED is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OLED is down. |
| ChartMill Relative Strength | 12.77 | NEGATIVE | OLED has a low relative strength, it was outperformed by 87.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OLED is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OLED is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OLED is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.42 | NEUTRAL | The RSI value for OLED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests OLED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 23.98 | NEUTRAL | The Stochastics value for OLED is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for OLED suggests some volalility. |
| Average Directional Index/ADX (14) | 35.59 | POSITIVE | The high ADX value value for OLED suggests a strong trend. |
OLED Chart- and CandleStick Pattern Analysis
OLED Technicals: Chart, Performance Metrics, Trend & Indicators
89.61
-2.05 (-2.24%)
UNIVERSAL DISPLAY CORP / OLED TA FAQ
What is the technical rating for OLED stock?
ChartMill assigns a technical rating of 0 / 10 to OLED.
What is the trend direction for OLED stock?
The current trend direction for UNIVERSAL DISPLAY CORP (OLED) is Bearish.
What is the RSI signal for UNIVERSAL DISPLAY CORP (OLED) stock?
UNIVERSAL DISPLAY CORP (OLED) has an RSI value of 33.4224. This indicates that the stock is currently neutral.
What is the MACD signal for UNIVERSAL DISPLAY CORP (OLED) stock?
The MACD indicator for UNIVERSAL DISPLAY CORP (OLED) has a value of 0.190128, indicating a bearish trend.
What are the support and resistance levels for UNIVERSAL DISPLAY CORP (OLED) stock?
UNIVERSAL DISPLAY CORP (OLED) has a resistance level at 90.74. Check the full technical report for our detailed analysis of OLED support and resistance levels.