UNIVERSAL DISPLAY CORP (OLED) Technical Analysis
NASDAQ:OLED • US91347P1057
Current stock price
OLED Technical Rating and Analysis
We assign a technical rating of 0 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 negative, as is the long term trend. There should be more interesting stocks out there.
- 88% of all other stocks performed better in the past year than OLED.
- OLED is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 91% are performing better than OLED.
- OLED is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so OLED is lagging the market.
- In the last month OLED has a been trading in the 86.43 - 98.75 range, which is quite wide. It is currently trading near the lows 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 support zone below the current price at 89.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OLED in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
OLED Support and Resistance Analysis
88.24
When analyzing the support we notice one important area.
- A support zone ranging from 89.13 to 89.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 92.72 to 94.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @96.83 from a horizontal line in the daily time frame.
- Resistance @116.56 from a trend line in the weekly time frame.
- Resistance @151.92 from a horizontal 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 | DOWN | NEGATIVE | The short term trend for OLED is down. |
| ChartMill Relative Strength | 12.8 | NEGATIVE | OLED has a low relative strength, it was outperformed by 87.2% 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) | 33.7 | NEUTRAL | The RSI value for OLED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests OLED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 28.74 | NEUTRAL | The Stochastics value for OLED is a neutral value. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for OLED suggests some volalility. |
| Average Directional Index/ADX (14) | 36.27 | POSITIVE | The high ADX value value for OLED suggests a strong trend. |
OLED Chart- and CandleStick Pattern Analysis
OLED Technicals: Chart, Performance Metrics, Trend & Indicators
89.72
+0.11 (+0.12%)
UNIVERSAL DISPLAY CORP / OLED TA 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 UNIVERSAL DISPLAY CORP (OLED) stock?
UNIVERSAL DISPLAY CORP (OLED) has an RSI value of 33.7006. 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 0.186243, 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 89.71 and a resistance level at 92.72. Check the full technical report for our detailed analysis of OLED support and resistance levels.