Taking everything into account, OLED scores 1 out of 10 in our technical rating. OLED's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
OLED has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 121.30. Right above this resistance zone may be a good entry point.
More info and screens
105.53
3 important support areas can be observed.
- Support @116.25 from a trend line in the daily time frame.
- A support zone ranging from 112.72 to 112.72. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 106.60 to 106.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 121.30 to 122.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @145.42 from a trend line in the daily time frame.
- Resistance @151.92 from a horizontal line in the daily time frame.
- Resistance @159.74 from a horizontal line in the weekly 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 | 15.2 | NEGATIVE | OLED has a low relative strength, it was outperformed by 84.8% 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) | 44.65 | NEUTRAL | The RSI value for OLED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests OLED has a positive trend. |
| Stochastics (14,3) | 37.98 | NEUTRAL | The Stochastics value for OLED is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for OLED suggests some volalility. |
| Average Directional Index/ADX (14) | 31.25 | POSITIVE | The high ADX value value for OLED suggests a strong trend. |
118.48
-0.47 (-0.4%)
UNIVERSAL DISPLAY CORP / OLED FAQ
What is the technical rating for OLED stock?
ChartMill assigns a technical rating of 1 / 10 to OLED.
Can you provide the trend direction for UNIVERSAL DISPLAY CORP?
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 44.6465. This indicates that the stock is currently neutral.
What is the buy/sell signal for OLED stock?
The buy/sell signal for UNIVERSAL DISPLAY CORP (OLED) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for UNIVERSAL DISPLAY CORP?
UNIVERSAL DISPLAY CORP (OLED) has a support level at 116.25 and a resistance level at 121.3. Check the full technical report for our detailed analysis of OLED support and resistance levels.