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

Stock Market
NASDAQ, United States of America

Stoploss reached. Trade closed.

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
  • 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
    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 Forcast

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

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