Universal Display Technical Analysis (NASDAQ:OLED)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Universal Display stock price data and volume are plotted in OLED stock charts and these trading charts form the basis of technical analysis.
See Universal Display bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Universal Display stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Universal Display Moving Average
Moving averages show the average price of OLED stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Universal Display are mostly signals of long term trends and will help long term traders.
Universal Display Bollinger Bands
Bollinger bands comprise of a center line usually OLED SMA, and two OLED stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Universal Display bollinger bands show that the stock price is $116.2, upper band is 117.77, lower band is 88.41, and the average is 103.09.
Universal Display Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Universal Display MACD indicator is above 0 indicating a bullish trend.
Universal Display Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of OLED stock is 69.34.