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.
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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
Relative Performance - Last 1 Year
OLED — NASDAQ —
Universal Display Corporation (NASDAQ: OLED) - DAILY TECHNICAL ANALYSIS
- 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
- Current RSI of this stock is 62.11, which indicates the strength of buyers.
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.