Universal Display Corporation Forecast and Stock Analysis
Technical OLED stock analysis for Wednesday May 22, 2019.
|Price to book||USD 10.73|
|Next Earnings Date||2019-08-07|
Universal Display Corporation fell by -1.52% in the last day ( Wednesday, 22nd May 2019 ) from $162.84 to $160.37 During day the stock fluctuated 2.23% from a day low at $159.55 to a day high of $163.10. The price has fallen in 7 of the last 10 days and is down by -5.02% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -185 479 shares and in total 303 659 shares bought and sold for approximately $48.70 million.
- 30 day high of the OLED stock price was $190.00 and low was $154.21.
- 90 day high was $190.00 and low was $117.02.
- 52 week high for the Universal Display Corporation - $190.00 and low - $78.75.
Universal Display Corporation lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $158.68 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.03% during the next 3 months and, with 90% probability hold a price between $176.18 and $200.05 at the end of this period.
There are few to none technical positive signals at the moment. Universal Display Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $162.41 and $165.71. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday May 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
Universal Display Corporation finds support from accumulated volume at $158.41.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $3.56 (2.23%) between high and low. For the last week, the stock has had a daily average volatility of 2.89%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
2.89 %Average volatility
Very Low Low Medium High Very High
The Universal Display Corporation stock holds several negative signals and despite the positive trend we believe Universal Display Corporation will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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|OLED $160.37 ($-2.47 -1.52%)|
OLED is down $2.47 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for OLED based on the 1-3 month system that more than doubles the S&P 500.
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