UNIVERSAL DISPLAY CORP (OLED) Stock Technical Analysis
NASDAQ:OLED - US91347P1057 - Common Stock
139.76 USD
-6.95 (-4.73%)
139.76 USD
0 (0%)
We assign a technical rating of 1 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
91% of all other stocks performed better in the past year than OLED.
OLED is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 88% of 112 stocks in the same industry do better.
In the last month OLED has a been trading in the 135.18 - 147.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
OLED is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OLED is lagging the market.
OLED has a poor technical rating and the quality of the setup is also not perfect 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
134.44
164.43
When analyzing the support we notice one important area.
- A support zone ranging from 135.80 to 137.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 139.93 to 142.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 144.52 to 146.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @157.14 from a trend line in the daily time frame.
- A resistance zone ranging from 159.74 to 160.12. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @162.80 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for OLED is neutral. |
| ChartMill Relative Strength | 9.67 | NEGATIVE | OLED has a low relative strength, it was outperformed by 90.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OLED is below the rising 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) | 43.98 | NEUTRAL | The RSI value for OLED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests OLED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.17 | NEUTRAL | The Stochastics value for OLED is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for OLED suggests some volalility. |
| Average Directional Index/ADX (14) | 13.05 | NEGATIVE | The low ADX value for OLED suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
139.76
-6.95 (-4.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-4.73%
1 Week1.03%
2 Weeks-2.22%
1 Month2.91%
3 Month-8.96%
6 Month-7.04%
12 Month-33.18%
2 Year-10.98%
3 Year48.13%
5 Year-22.67%
10 Year312.27%
15 YearN/A
Volatility
ATR(14)3.95
ATR(20)%2.81%
ATR Inc99.78%
Range Today8.17
ADR(20)3.78
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.67
Mansfield-1.81
10 Day High147.51
10 Day Low135.18
20 Day High147.51
20 Day Low135.18
52 Week High215.9
52 Week Low103.7
CS1 End137.64
CR1 Start139.93
Volume & EV
DER(3)2.12%
DER(5)1.65%
Volume836.10K
Volume Incr24.23%
Vol(5)614.73K
Vol(50)494.13K