Buy Universal Display Corporation | NASDAQ OLED | Naranj Capital

 BUY   Universal Display Corporation (NASDAQ: OLED)

Universal Display Corporation (NASDAQ: OLED) STOCK RECOMMENDATION

Idea BUY
Buy Range 205 – 210
Target 220 – 223
StopLoss* below 200
Duration 12-14 Trading Days
Potential Returns 5% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 205 – 210 220 – 223 below 200 12-14 Trading Days 5% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Universal Display Corporation (NASDAQ: OLED) STOCK OVERVIEW

Universal Display Corporation focuses on researching, developing, and commercializing OLED technologies and materials for displays and lighting, both in the U.S. and globally. They offer PHOLED technologies under the UniversalPHOLED brand and explore other OLED innovations like flexible FOLEDs and OVJP printing. The company also provides tech development support, collaborates with third parties on OLED commercialization, and conducts contract research for non-OLED applications. Founded in 1985, it is based in Ewing, New Jersey.

Stock Data
NASDAQ Symbol OLED
Sectoral Index Technology
52 Weeks High 237
52 Weeks Low 133.67

Universal Display Corporation (NASDAQ: OLED) - RELATIVE STRENGTH

OLED-RELATIVE STRENGTH

Relative Performance - Last 1 Year

OLED —     NASDAQ —

Universal Display Corporation (NASDAQ: OLED) - DAILY TECHNICAL ANALYSIS

OLED-DAILY TECHNICAL ANALYSIS
Universal Display Corporation (NASDAQ: OLED) - Technical Analysis (Daily)
  • Following a phase of consolidation, the stock price has developed a Symmetrical Triangle Pattern.
  • After breaking out, the price surged to the 237 level, where it encountered resistance.
  • A sharp drop subsequently brought the price down to approximately 157 before it started to climb once more.
  • The recent breakout from the Symmetrical Triangle pattern has the potential to drive the price to even higher levels.

Universal Display Corporation (NASDAQ: OLED) - RSI

OLED-RSI
Universal Display Corporation (NASDAQ: OLED) - RSI
  • Current RSI of this stock is 62.11, which indicates the strength of buyers.

Universal Display Corporation (NASDAQ: OLED) - MACD

OLED-MACD
Universal Display Corporation (NASDAQ: OLED) - MACD
  • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

CONCLUSION - Universal Display Corporation (NASDAQ: OLED) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Universal Display Corporation stock price target will be USD 220 – USD 223 in the next 12-14 trading sessions.

Universal Display Corporation (NASDAQ: OLED) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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