Universal Display Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Universal Display Corporation stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Universal Display Corporation stock price gained 2.32% on the last trading day (Tuesday, 2nd Jul 2024), rising from $208.61 to $213.44. During the last trading day the stock fluctuated 2.46% from a day low at $209.90 to a day high of $215.06. The price has been going up and down for this period, and there has been a 3% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 164 thousand more shares were traded than the day before. In total, 379 thousand shares were bought and sold for approximately $80.87 million.
The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $209.23, a level that may pose a second chance to hit a runner. According to fan-theory $226.83 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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OLED Signals & Forecast
The Universal Display Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $208.77 and $189.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 39.81%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, July 27, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, July 27, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Universal Display Corporation stock
Universal Display Corporation finds support from accumulated volume at $204.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.16 between high and low, or 2.46%. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: $205.93 (-3.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 50 days ago.)
Trading Expectations (OLED) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Universal Display Corporation to open at $212.80, and during the day (based on 14 day Average True Range), to move between $208.58 and $218.30, which gives a possible trading interval of +/-$4.86 (+/-2.28%) up or down from last closing price. If Universal Display Corporation takes out the full calculated possible swing range there will be an estimated 4.56% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $204.43, some $9.01 (4.22%) from the current price of $213.44, our system finds the risk reward attractive.
Is Universal Display Corporation stock A Buy?
Universal Display Corporation holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.406 Strong Buy Candidate Upgraded
Predicted Opening Price for Universal Display Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $212.80 ( 0.300%) | $213.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OLED
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 217.96 | 2.12% |
| R2 | 215.99 | 1.19% |
| R1 | 214.77 | 0.624% |
| Price | 213.44 | |
| S1 | 210.83 | -1.22% |
| S2 | 209.61 | -1.79% |
| S3 | 207.64 | -2.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 213.44 | |
| S1 | 204.43 | -4.22% |
| S2 | 202.67 | -5.05% |
| S3 | 170.82 | -19.97% |
OLED Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.400 | 0.190% |
| 2 | Feb 22, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.400 | 0.237% |
| 3 | Nov 02, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.350 | 0.183% |
| 4 | Aug 01, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.350 | 0.223% |
| 5 | May 02, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.350 | 0.243% |
FAQ
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