Universal Display Corporation Stock Forecast
Red day on Wednesday for Universal Display Corporation stock after losing 1.34%
(Updated on Apr 17, 2024)
The Universal Display Corporation stock price fell by -1.34% on the last day (Wednesday, 17th Apr 2024) from $154.03 to $151.97. During the last trading day the stock fluctuated 1.79% from a day low at $151.54 to a day high of $154.26. The price has been going up and down for this period, and there has been a -7.39% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -125 thousand shares and in total, 262 thousand shares were bought and sold for approximately $39.74 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $151.59 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.08% during the next 3 months and, with a 90% probability hold a price between $133.28 and $143.96 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
OLED Signals & Forecast
There are few to no technical positive signals at the moment. The Universal Display Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $160.07 and $164.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -9.78%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.72 (1.79%) between high and low. For the last week, the stock has had daily average volatility of 2.48%.
Universal Display Corporation is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OLED) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Universal Display Corporation to open at $152.59, and during the day (based on 14 day Average True Range), to move between $147.98 and $155.96, which gives a possible trading interval of +/-$3.99 (+/-2.62%) up or down from last closing price. If Universal Display Corporation takes out the full calculated possible swing range there will be an estimated 5.25% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $159.62, some $7.65 (5.03%) from the current price of $151.97, our system finds the risk reward not very attractive.
Is Universal Display Corporation stock A Buy?
Universal Display Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.735 Sell Candidate Unchanged
Predicted Opening Price for Universal Display Corporation of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$152.59 ( 0.408%) | $151.97 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 155.31 | 2.20 % | |
R2 | 154.27 | 1.51 % | ||
R1 | 153.63 | 1.09 % | ||
Current price: | 151.97 | |||
Support | S1 | 151.55 | -0.276 % | |
S2 | 150.91 | -0.698 % | ||
S3 | 149.87 | -1.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 171.89 | 13.11 % | |
R2 | 162.92 | 7.21 % | ||
R1 | 159.62 | 5.03 % | ||
Current price | 151.97 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
OLED Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.400 | 0.237% |
2 | Nov 02, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.350 | 0.183% |
3 | Aug 01, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.350 | 0.223% |
4 | May 02, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.350 | 0.243% |
5 | Feb 21, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.350 | 0.226% |
FAQ
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