UNIVERSAL DISPLAY - Daily - Technical analysis published on 07/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 190.95 USD
My targets
205.60 USD (+5.35%)
My analysis
UNIVERSAL DISPLAY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 190.95 USD. The next resistance located at 205.60 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The UNIVERSAL DISPLAY rating is 195.15 USD. On the day, this instrument gained +0.49% and was between 193.37 USD and 197.41 USD. This implies that the price is at +0.92% from its lowest and at -1.14% from its highest.193.37
197.41
195.15
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by UNIVERSAL DISPLAY:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of UNIVERSAL DISPLAY in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 145.26 | 175.31 | 190.95 | 195.15 | 205.60 |
| Change (%) | -25.56% | -10.17% | -2.15% | - | +5.35% |
| Change | -49.89 | -19.84 | -4.20 | - | +10.45 |
| Level | Major | Major | Major | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 184.67 | 186.85 | 190.53 | 192.71 | 196.39 | 198.57 | 202.25 |
| Camarilla | 192.59 | 193.13 | 193.66 | 194.20 | 194.74 | 195.27 | 195.81 |
| Woodie | 185.41 | 187.23 | 191.27 | 193.09 | 197.13 | 198.95 | 202.99 |
| Fibonacci | 186.85 | 189.09 | 190.48 | 192.71 | 194.95 | 196.34 | 198.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 171.30 | 178.51 | 184.45 | 191.66 | 197.60 | 204.81 | 210.75 |
| Camarilla | 186.78 | 187.99 | 189.20 | 190.40 | 191.61 | 192.81 | 194.02 |
| Woodie | 170.68 | 178.19 | 183.83 | 191.34 | 196.98 | 204.49 | 210.13 |
| Fibonacci | 178.51 | 183.53 | 186.63 | 191.66 | 196.68 | 199.78 | 204.81 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 69.78 | |
| MACD (12,26,9): | 7.1400 | |
| Directional Movement: | 21.15 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 194.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 197.84 | |
| Elder Ray (13): | 6.77 | |
| Super Trend (3,10): | 178.48 | |
| Zig ZAG (10): | 195.15 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 78.25 | |
| TEMA (21): | 196.82 | |
| Williams %R (14): | -17.01 | |
| Chande Momentum Oscillator (20): | 9.65 | |
| Repulse (5,40,3): | 3.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6100 | |
| Courbe Coppock: | 13.15 |
| MA7: | 191.63 | |
| MA20: | 185.68 | |
| MA50: | 170.36 | |
| MA100: | 163.36 | |
| MAexp7: | 191.80 | |
| MAexp20: | 184.84 | |
| MAexp50: | 173.82 | |
| MAexp100: | 160.46 | |
| Price / MA7: | +1.84% | |
| Price / MA20: | +5.10% | |
| Price / MA50: | +14.55% | |
| Price / MA100: | +19.46% | |
| Price / MAexp7: | +1.75% | |
| Price / MAexp20: | +5.58% | |
| Price / MAexp50: | +12.27% | |
| Price / MAexp100: | +21.62% |
News
Don"t forget to follow the news on UNIVERSAL DISPLAY. At the time of publication of this analysis, the latest news was as follows:
- Universal Display Corporation Announces Fourth Quarter and Full Year 2018 Financial Results
- Universal Display Corporation Increases Quarterly Cash Dividend to $0.10 per Share
- Universal Display Set to Join S&P MidCap 400 and Nabors Industries to Join S&P SmallCap 600
- Report: Developing Opportunities within Agree Realty, Lattice Semiconductor, American Outdoor Brands, Schneider National, AtriCure, and Universal Display — Future Expectations, Projections Moving into 2018
- Universal Display Corporation to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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