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 April 2, 2025 was $138.90 and was lower than the bottom border of the primary price channel by $58.98 (29.81%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 43.03% per annum.
- OLED price at the close of April 2, 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 = 3.9899
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(Y528)
= Exp(a + b × X528 + 2 × s)
= Exp(a + b × 766 + 2 × s)
= Exp(3.9899 + 0.0008 × 766 + 2 × 0.0911)
= Exp(4.7932)
= $120.69
Bottom border of price channel:
Exp(Y528)
= Exp(a + b × X528 – 2 × s)
= Exp(a + b × 766 – 2 × s)
= Exp(3.9899 + 0.0008 × 766 – 2 × 0.0911)
= Exp(4.4289)
= $83.84
October 30, 2024 calculations
Top border of price channel:
Exp(Y1,151)
= Exp(a + b × X1,151 + 2 × s)
= Exp(a + b × 1,671 + 2 × s)
= Exp(3.9899 + 0.0008 × 1,671 + 2 × 0.0911)
= Exp(5.5271)
= $251.42
Bottom border of price channel:
Exp(Y1,151)
= Exp(a + b × X1,151 – 2 × s)
= Exp(a + b × 1,671 – 2 × s)
= Exp(3.9899 + 0.0008 × 1,671 – 2 × 0.0911)
= Exp(5.1628)
= $174.65
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 34.45% per annum.
- OLED price at the close of April 2, 2025 was $138.90 and was lower than the bottom border of the primary price channel by $58.98 (29.81%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: June 12, 2024
End date: April 2, 2025
a = 7.7547
b = -0.0015
s = 0.0787
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0015) – 1
= -43.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0787) – 1
= 37.00%
June 12, 2024 calculations
Top border of price channel:
Exp(Y1,054)
= Exp(a + b × X1,054 + 2 × s)
= Exp(a + b × 1,531 + 2 × s)
= Exp(7.7547 + -0.0015 × 1,531 + 2 × 0.0787)
= Exp(5.5521)
= $257.77
Bottom border of price channel:
Exp(Y1,054)
= Exp(a + b × X1,054 – 2 × s)
= Exp(a + b × 1,531 – 2 × s)
= Exp(7.7547 + -0.0015 × 1,531 – 2 × 0.0787)
= Exp(5.2373)
= $188.16
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(7.7547 + -0.0015 × 1,825 + 2 × 0.0787)
= Exp(5.0989)
= $163.84
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(7.7547 + -0.0015 × 1,825 – 2 × 0.0787)
= Exp(4.7841)
= $119.59
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 43.03% per annum.
- OLED price at the close of April 2, 2025 was inside the secondary price channel.