Long Term Trading Analysis for (OLED)

September 05, 2024, 19:58 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for OLED

• Buy OLED slightly over 173.06 target 196.39 stop loss @ 172.56 Details

The technical summary data tells us to buy OLED near 173.06 with an upside target of 196.39. This data also tells us to set a stop loss @ 172.56 to protect against excessive loss in case the stock begins to move against the trade. 173.06 is the first level of support below 187.22 , and by rule, any test of support is a buy signal. In this case, support 173.06 would be being tested, so a buy signal would exist.

• Short OLED slightly under 196.39, target 173.06, stop loss @ 196.96 Details

The technical summary data is suggesting a short of OLED as it gets near 196.39 with a downside target of 173.06. We should have a stop loss in place at 196.96though. 196.39 is the first level of resistance above 187.22, and by rule, any test of resistance is a short signal. In this case, if resistance 196.39 is being tested, so a short signal would exist.

Swing Trading Plans for OLED

• Buy OLED slightly over 189.9, target 196.39, Stop Loss @ 189.35 Details

If 189.9 begins to break higher, the technical summary data tells us to buy OLED just slightly over 189.9, with an upside target of 196.39. The data also tells us to set a stop loss @ 189.35 in case the stock turns against the trade. 189.9 is the first level of resistance above 187.22, and by rule, any break above resistance is a buy signal. In this case, 189.9, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short OLED slightly near 189.9, target 182.82, Stop Loss @ 190.45. Details

The technical summary data is suggesting a short of OLED if it tests 189.9 with a downside target of 182.82. We should have a stop loss in place at 190.45 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 189.9, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for OLED

• Buy OLED slightly over 187.88, target 189.9, Stop Loss @ 187.44 Details

If 187.88 begins to break higher, the technical summary data tells us to buy OLED just slightly over 187.88, with an upside target of 189.9. The data also tells us to set a stop loss @ 187.44 in case the stock turns against the trade. 187.88 is the first level of resistance above 187.22, and by rule, any break above resistance is a buy signal. In this case, 187.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short OLED slightly near 187.88, target 182.82, Stop Loss @ 188.32. Details

The technical summary data is suggesting a short of OLED if it tests 187.88 with a downside target of 182.82. We should have a stop loss in place at 188.32 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 187.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Universal Display Corporation (OLED) available here: OLED.

OLED Ratings for September 05:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	173.06
P2	180.59	182.82	196.39
P3	187.88	189.9	220.26

AI Generated Signals for OLED

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Universal Display Corporation (NASDAQ: OLED) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for OLED change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if OLED is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for OLED too.  All of these are offered below the Summary Table.