TTM Squeeze Alert: OLED Primed for Big Move at $119.24
NeutralUniversal Display Corp (OLED) closed down 0.31% at $119.24 on December 29.
Technical indicators paint a mixed picture:
Moving Averages
Mixed signals with price near the 9-day EMA ($118.72). The 21-day EMA sits at $119.73.
Momentum
RSI at 61.3 is in neutral territory. MACD is bullish (-1.58 vs signal -2.25).
Volatility
Stock has been in a TTM Squeeze for 6 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $115.27, Resistance at $123.58.