OLED Technical Analysis - UNIVERSAL DISPLAY CORP

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to OLED. In the last year, OLED was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

90% of all other stocks performed better in the past year than OLED.

OLED is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, of which 84% are performing better than OLED.

In the last month OLED has a been trading in the 133.44 - 151.00 range, which is quite wide. It is currently trading near the high of this range.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

UNIVERSAL DISPLAY CORP / OLED Weekly stock chart

UNIVERSAL DISPLAY CORP / OLED Daily stock chart

Setup Rating and Analysis

OLED has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.

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ChartMill Technical Ratings

Pocket Pivots

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Support and Resistance Analysis

132.81

163.21

When analyzing the support we can see 3 important areas.

A support zone ranging from 142.13 to 146.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @139.75 from a trend line in the weekly time frame.
A support zone ranging from 134.15 to 137.19. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

Resistance @148.90 from a trend line in the daily time frame.
Resistance @151.92 from a horizontal line in the daily time frame.
A resistance zone ranging from 159.74 to 161.59. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for OLED is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for OLED is neutral.
ChartMill Relative Strength	10.94	NEGATIVE	OLED has a low relative strength, it was outperformed by 89.06% 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	MIXED	The current price of OLED is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of OLED is above a declining SMA(200).
Relative Strength Index/RSI (14)	52.63	NEUTRAL	The RSI value for OLED is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.61	POSITIVE	The MACD value suggests OLED has a positive trend, although the MACD value is declining.
Stochastics (14,3)	61.21	NEUTRAL	The Stochastics value for OLED is a neutral value.
Average True Range in percent/ATR (20)	3.08	MEDIUM VOLATILITY	The ATR as a percentage value for OLED suggests some volalility.
Average Directional Index/ADX (14)	12.78	NEGATIVE	The low ADX value for OLED suggests a weak or negative trend.