Buy Universal Display Corporation | NASDAQ – OLED | Short Term Trading Advice | Technology Sector | 30 Oct 2024 | Expected Gain 5% – 6%

Date

30 October 2024

Analysed By

Naranj Capital Research Desk

Stock Market

NASDAQ, United States of America

Stoploss reached. Trade closed.

OLED

1 day

31 Oct 2024

30 Oct 2024

Loss per
100,000 USD

1 day

-2,439

Stop-loss

31 Oct 2024

200

Buy Advice

30 Oct 2024

205 - 210

Target 1

220

Target 2

223

Profit per
100,000 USD

-2,439

200

205 - 210

220

223

Trading Tips for US Stocks

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

Universal Display Corporation

205 – 210

220 – 223

Below 200

5% – 6%

12 - 14 Days

Buy Universal Display Corporation

Buy
Range 205 – 210

Target 220 – 223

Stoploss Below 200

Upside
Potential 5% – 6%

Trade
Duration 12 - 14 Days

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

* Trade durations are approximate; actual holding period may vary.

Universal Display Corporation (NASDAQ: OLED) - Stock Overview

NASDAQ code

Stock Name

Sector

52 Weeks High

52 Weeks Low

OLED

Universal Display Corporation

Technology

237

133.67

NASDAQ code OLED

Stock Name Universal Display Corporation

Sector Technology

52 Weeks High 237

52 Weeks Low 133.67

Company profile

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.

Universal Display Corporation (NASDAQ: OLED) vs NASDAQ - Relative Strength Comparison

The image showcases Universal Display Corporation's 1-year performance relative to NASDAQ. — Relative Performance - Last 1 Year
OLED — NASDAQ —

Universal Display Corporation (NASDAQ: OLED) - Technical Analysis (Daily)

Universal Display Corporation - Technical Analysis chart on Daily Price and Volume

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 Indicator

Universal Display Corporation stock analysis based on RSI indicator — Universal Display Corporation - RSI indicator

Current RSI of this stock is 62.11, which indicates the strength of buyers.

Universal Display Corporation (NASDAQ: OLED) - MACD Indicator

Universal Display Corporation stock analysis based on MACD indicator — Universal Display Corporation - MACD indicator

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 short term swing trade stocks in USA, Universal Display Corporation stock price target will be USD 220 - USD 223 in the next 12-14 trading sessions.