UNIVERSAL DISPLAY - Daily - Technical analysis published on 09/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 194.64 USD
My targets
175.31 USD (-0.70%)
145.26 USD (-17.72%)
My analysis
In the short term, we can see an acceleration in the bearish trend on UNIVERSAL DISPLAY, which is a positive signal for sellers. As long as the price remains above 194.64 USD, a sale could be considered. The first bearish objective is located at 175.31 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 145.26 USD as an objective. Crossing it would then enable sellers to target 129.51 USD. If the price were to return above 194.64 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
5.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UNIVERSAL DISPLAY rating 176.55 USD. The price registered a decrease of -2.93% on the session and was between 174.06 USD and 182.60 USD. This implies that the price is at +1.43% from its lowest and at -3.31% from its highest.174.06
182.60
176.55
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by UNIVERSAL DISPLAY:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of UNIVERSAL DISPLAY indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 129.51 | 145.26 | 175.31 | 176.55 | 194.64 | 205.60 | 224.75 |
| Change (%) | -26.64% | -17.72% | -0.70% | - | +10.25% | +16.45% | +27.30% |
| Change | -47.04 | -31.29 | -1.24 | - | +18.09 | +29.05 | +48.20 |
| Level | Major | Intermediate | Major | - | Minor | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 171.04 | 175.99 | 178.93 | 183.89 | 186.83 | 191.79 | 194.72 |
| Camarilla | 179.70 | 180.42 | 181.15 | 181.87 | 182.59 | 183.32 | 184.04 |
| Woodie | 170.03 | 175.49 | 177.92 | 183.38 | 185.82 | 191.28 | 193.71 |
| Fibonacci | 175.99 | 179.01 | 180.87 | 183.89 | 186.91 | 188.77 | 191.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 163.01 | 168.54 | 175.14 | 180.67 | 187.26 | 192.79 | 199.39 |
| Camarilla | 178.40 | 179.51 | 180.62 | 181.73 | 182.84 | 183.95 | 185.06 |
| Woodie | 163.54 | 168.81 | 175.67 | 180.93 | 187.79 | 193.06 | 199.92 |
| Fibonacci | 168.54 | 173.18 | 176.04 | 180.67 | 185.30 | 188.16 | 192.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 159.62 | 173.92 | 189.69 | 203.99 | 219.76 | 234.06 | 249.83 |
| Camarilla | 197.20 | 199.96 | 202.71 | 205.47 | 208.23 | 210.98 | 213.74 |
| Woodie | 160.37 | 174.29 | 190.44 | 204.36 | 220.51 | 234.43 | 250.58 |
| Fibonacci | 173.92 | 185.40 | 192.50 | 203.99 | 215.47 | 222.57 | 234.06 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.51 | |
| MACD (12,26,9): | -7.2200 | |
| Directional Movement: | -15.21 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 181.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 211.65 | |
| Elder Ray (13): | -7.80 | |
| Super Trend (3,10): | 204.29 | |
| Zig ZAG (10): | 176.55 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 14.02 | |
| TEMA (21): | 175.61 | |
| Williams %R (14): | -94.63 | |
| Chande Momentum Oscillator (20): | -34.40 | |
| Repulse (5,40,3): | -5.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4300 | |
| Courbe Coppock: | 26.33 |
| MA7: | 180.70 | |
| MA20: | 193.86 | |
| MA50: | 203.03 | |
| MA100: | 187.92 | |
| MAexp7: | 181.90 | |
| MAexp20: | 190.27 | |
| MAexp50: | 194.86 | |
| MAexp100: | 186.73 | |
| Price / MA7: | -2.30% | |
| Price / MA20: | -8.93% | |
| Price / MA50: | -13.04% | |
| Price / MA100: | -6.05% | |
| Price / MAexp7: | -2.94% | |
| Price / MAexp20: | -7.21% | |
| Price / MAexp50: | -9.40% | |
| Price / MAexp100: | -5.45% |
News
The latest news and videos published on UNIVERSAL DISPLAY at the time of the analysis were as follows:
- Universal Display Corporation and LG Chem Announce Strategic OLED Host Partnership
- Universal Display Corporation Announces Recipients of the 2019 UDC Innovative Research and Pioneering Technology Awards at IMID Korea
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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