UNIVERSAL DISPLAY CORP (OLED) Technical Analysis
NASDAQ:OLED • US91347P1057
Taking everything into account, OLED scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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 88% are performing better than OLED.
- OLED is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month OLED has a been trading in the 93.50 - 134.60 range, which is quite wide. It is currently trading near the lows of this range.
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
97.48
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 107.60 to 108.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @120.22 from a trend line in the weekly time frame.
- Resistance @127.49 from a trend line in the daily time frame.
- Resistance @138.54 from a trend line in the daily time frame.
- Resistance @151.92 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 | DOWN | NEGATIVE | The short term trend for OLED is down. |
| ChartMill Relative Strength | 12.74 | NEGATIVE | OLED has a low relative strength, it was outperformed by 87.26% 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) | 34.69 | NEUTRAL | The RSI value for OLED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.95 | NEGATIVE | The MACD value suggests OLED has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.31 | OVERSOLD | The low Stochastics value suggests OLED may be oversold. |
| Average True Range in percent/ATR (20) | 4.99 | MEDIUM VOLATILITY | The ATR as a percentage value for OLED suggests some volalility. |
| Average Directional Index/ADX (14) | 27.25 | POSITIVE | The high ADX value value for OLED suggests a strong trend. |
OLED Technicals: Chart, Performance Metrics, Trend & Indicators
98.46
+1.81 (+1.87%)
UNIVERSAL DISPLAY CORP / OLED 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 OLED stock?
UNIVERSAL DISPLAY CORP (OLED) has an RSI value of 34.6874. This indicates that the stock is currently neutral.
Can you provide the MACD signal for UNIVERSAL DISPLAY CORP?
The MACD indicator for UNIVERSAL DISPLAY CORP (OLED) has a value of -0.950756, indicating a bearish trend.
What is the short term momentum for OLED stock?
The short term momentum for UNIVERSAL DISPLAY CORP (OLED) is negative.