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 33.10% per annum.
- OLED price at the close of April 29, 2025 was $124.18 and was lower than the bottom border of the primary price channel by $73.52 (37.19%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 47.40% per annum.
- OLED price at the close of April 29, 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: April 22, 2022
End date: October 30, 2024
a = 4.0488
b = 0.0008
s = 0.0958
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 33.10%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0958) – 1
= 46.71%
April 22, 2022 calculations
Top border of price channel:
Exp(Y499)
= Exp(a + b × X499 + 2 × s)
= Exp(a + b × 722 + 2 × s)
= Exp(4.0488 + 0.0008 × 722 + 2 × 0.0958)
= Exp(4.8060)
= $122.24
Bottom border of price channel:
Exp(Y499)
= Exp(a + b × X499 – 2 × s)
= Exp(a + b × 722 – 2 × s)
= Exp(4.0488 + 0.0008 × 722 – 2 × 0.0958)
= Exp(4.4227)
= $83.32
October 30, 2024 calculations
Top border of price channel:
Exp(Y1,133)
= Exp(a + b × X1,133 + 2 × s)
= Exp(a + b × 1,644 + 2 × s)
= Exp(4.0488 + 0.0008 × 1,644 + 2 × 0.0958)
= Exp(5.5282)
= $251.70
Bottom border of price channel:
Exp(Y1,133)
= Exp(a + b × X1,133 – 2 × s)
= Exp(a + b × 1,644 – 2 × s)
= Exp(4.0488 + 0.0008 × 1,644 – 2 × 0.0958)
= Exp(5.1449)
= $171.56
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 33.10% per annum.
- OLED price at the close of April 29, 2025 was $124.18 and was lower than the bottom border of the primary price channel by $73.52 (37.19%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: June 12, 2024
End date: April 29, 2025
a = 8.0642
b = -0.0018
s = 0.0863
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0018) – 1
= -47.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0863) – 1
= 41.25%
June 12, 2024 calculations
Top border of price channel:
Exp(Y1,036)
= Exp(a + b × X1,036 + 2 × s)
= Exp(a + b × 1,504 + 2 × s)
= Exp(8.0642 + -0.0018 × 1,504 + 2 × 0.0863)
= Exp(5.5894)
= $267.58
Bottom border of price channel:
Exp(Y1,036)
= Exp(a + b × X1,036 – 2 × s)
= Exp(a + b × 1,504 – 2 × s)
= Exp(8.0642 + -0.0018 × 1,504 – 2 × 0.0863)
= Exp(5.2440)
= $189.43
April 29, 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(8.0642 + -0.0018 × 1,825 + 2 × 0.0863)
= Exp(5.0244)
= $152.07
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(8.0642 + -0.0018 × 1,825 – 2 × 0.0863)
= Exp(4.6790)
= $107.66
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 47.40% per annum.
- OLED price at the close of April 29, 2025 was inside the secondary price channel.