UNIVERSAL DISPLAY CORP (OLED) Technical Analysis
NASDAQ:OLED • US91347P1057
Current stock price
OLED Technical Rating and Analysis
Overall OLED gets a technical rating of 1 out of 10. 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 86% 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. 90% of 115 stocks in the same industry do better.
- OLED is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month OLED has a been trading in the 86.43 - 101.62 range, which is quite wide. It is currently trading near the high of this range.
OLED Weekly and Daily overview Charts
OLED Setup Rating and Analysis
OLED has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 99.55. Right above this resistance zone may be a good entry point.
More info and screens
OLED Support and Resistance Analysis
88.24
When analyzing the support we can see 2 important areas.
- A support zone ranging from 98.32 to 98.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 89.13 to 89.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 99.55 to 100.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @112.91 from a trend line in the weekly time frame.
- Resistance @119.86 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for OLED is neutral. |
| ChartMill Relative Strength | 14.45 | NEGATIVE | OLED has a low relative strength, it was outperformed by 85.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OLED is above 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) | 53.47 | NEUTRAL | The RSI value for OLED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.81 | POSITIVE | The MACD value suggests OLED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.47 | NEUTRAL | The Stochastics value for OLED is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for OLED suggests some volalility. |
| Average Directional Index/ADX (14) | 21.24 | NEUTRAL | The ADX value for OLED suggests a possible start of a new trend. |
OLED Chart- and CandleStick Pattern Analysis
OLED Technicals: Chart, Performance Metrics, Trend & Indicators
99.03
+1.25 (+1.28%)
UNIVERSAL DISPLAY CORP / OLED TA FAQ
What is the technical rating for OLED stock?
ChartMill assigns a technical rating of 1 / 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 53.4737. 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 0.813964, indicating a bearish trend.
What are the support and resistance levels for UNIVERSAL DISPLAY CORP (OLED) stock?
UNIVERSAL DISPLAY CORP (OLED) has a support level at 98.98 and a resistance level at 99.55. Check the full technical report for our detailed analysis of OLED support and resistance levels.