Universal Display (OLED)
Universal Display Corporation is dedicated to the research, development and commercialization of organic light-emitting diode (OLED) technologies and materials for use in solid-state lighting and display applications. The company is headquartered in Ewing, New Jersey.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 34.45% per annum.
- OLED price at the close of January 24, 2025 was $150.70 and was lower than the bottom border of the primary price channel by $37.10 (19.76%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 71.18% per annum.
- OLED price at the close of January 24, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of OLED price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: May 9, 2022
End date: October 30, 2024
a = 3.9384
b = 0.0008
s = 0.0911
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 34.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0911) – 1
= 43.96%
May 9, 2022 calculations
Top border of price channel:
Exp(Y576)
= Exp(a + b × X576 + 2 × s)
= Exp(a + b × 833 + 2 × s)
= Exp(3.9384 + 0.0008 × 833 + 2 × 0.0911)
= Exp(4.7961)
= $121.04
Bottom border of price channel:
Exp(Y576)
= Exp(a + b × X576 – 2 × s)
= Exp(a + b × 833 – 2 × s)
= Exp(3.9384 + 0.0008 × 833 – 2 × 0.0911)
= Exp(4.4318)
= $84.08
October 30, 2024 calculations
Top border of price channel:
Exp(Y1,199)
= Exp(a + b × X1,199 + 2 × s)
= Exp(a + b × 1,738 + 2 × s)
= Exp(3.9384 + 0.0008 × 1,738 + 2 × 0.0911)
= Exp(5.5300)
= $252.14
Bottom border of price channel:
Exp(Y1,199)
= Exp(a + b × X1,199 – 2 × s)
= Exp(a + b × 1,738 – 2 × s)
= Exp(3.9384 + 0.0008 × 1,738 – 2 × 0.0911)
= Exp(5.1657)
= $175.15
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 34.45% per annum.
- OLED price at the close of January 24, 2025 was $150.70 and was lower than the bottom border of the primary price channel by $37.10 (19.76%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 13, 2024
End date: January 23, 2025
a = 11.1517
b = -0.0034
s = 0.0420
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0034) – 1
= -71.18%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0420) – 1
= 18.27%
September 13, 2024 calculations
Top border of price channel:
Exp(Y1,166)
= Exp(a + b × X1,166 + 2 × s)
= Exp(a + b × 1,691 + 2 × s)
= Exp(11.1517 + -0.0034 × 1,691 + 2 × 0.0420)
= Exp(5.4717)
= $237.87
Bottom border of price channel:
Exp(Y1,166)
= Exp(a + b × X1,166 – 2 × s)
= Exp(a + b × 1,691 – 2 × s)
= Exp(11.1517 + -0.0034 × 1,691 – 2 × 0.0420)
= Exp(5.3039)
= $201.12
January 23, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(11.1517 + -0.0034 × 1,823 + 2 × 0.0420)
= Exp(5.0218)
= $151.68
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(11.1517 + -0.0034 × 1,823 – 2 × 0.0420)
= Exp(4.8540)
= $128.25
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 71.18% per annum.
- OLED price at the close of January 24, 2025 was inside the secondary price channel.