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(ODP) Office Depot complete technical analysis [charts+indicators] | Buy/Sell Office Depot | (ODP) share price targets

Complete technical analysis of Office Depot (ODP) by charts plus indicators, forecast predictions and share price targets for Office Depot (ODP)

Office Depot trades in USA in Consumer Services sector.

Showing technical analysis as on 2024-03-01 View latest technical analysis

10 day averaged volume of Office Depot is 342740

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	54.41	56.25	56.25	53.92	1.492 times
29 Thu Feb 2024	56.48	55.30	58.13	55.17	2.498 times
28 Wed Feb 2024	54.96	55.12	57.28	53.80	2.227 times
27 Tue Feb 2024	52.98	52.95	54.20	52.63	0.886 times
26 Mon Feb 2024	52.95	52.02	53.27	52.01	0.759 times
23 Fri Feb 2024	52.04	51.09	52.85	51.09	0.415 times
22 Thu Feb 2024	52.04	52.43	52.75	51.74	0.828 times
21 Wed Feb 2024	52.30	52.36	53.00	52.14	0.612 times
20 Tue Feb 2024	52.32	53.11	53.63	52.24	0.775 times
16 Fri Feb 2024	53.98	53.88	54.22	53.36	0.443 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 54.4, but if it comes below 54.4, then a intra day sell could be more profitable.
If you take a sell trade below 54.4, then use 54.4 as stoploss and 53.1 as target. However if you take a buy trade in stock , then use 54.4 as stoploss and 55.9 as target.

Share price targets for Office Depot (ODP)

Target Type	Value
Downside Target	43.66
Downside Target	44.98
Downside Target	49.15
Downside Target	53.53
Downside Target	53.92
Downside Target	54.11
Upside Target	54.86
Upside Target	56.25
Upside Target	56.80
Upside Target	58.13
Upside Target	58.98

Intraday share price targets for Office Depot (ODP)

Target Type	Value
Downside Intraday Target	51.57
Downside Intraday Target	48.73
Upside Intraday Target	57.69
Upside Intraday Target	60.97
Upside Intraday Target	54.85

Weekly technical analysis of Office Depot (ODP)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	54.41	52.02	58.13	52.01	2.989 times
23 Fri Feb 2024	52.04	53.11	53.63	51.09	0.861 times
16 Fri Feb 2024	53.98	53.82	54.86	51.60	1.061 times
09 Fri Feb 2024	53.79	50.84	54.11	50.17	1.05 times
02 Fri Feb 2024	51.49	52.97	53.53	50.91	1.154 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Office Depot (ODP)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	54.41	56.25	56.25	53.92	0.094 times
29 Thu Feb 2024	56.48	51.42	58.13	50.17	1.266 times
31 Wed Jan 2024	51.14	55.79	56.80	49.55	0.614 times
29 Fri Dec 2023	56.30	45.66	58.98	44.98	1.232 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Office Depot (ODP)

Price action analysis of Office Depot ( (ODP) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Office Depot ( (ODP) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Office Depot ( (ODP) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Office Depot stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Office Depot in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Office Depot Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Office Depot in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Office Depot is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 54.22 and Office Depot (ODP) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Office Depot (ODP) stock. Volume based technical analysis of Office Depot (ODP) stock is negative.

Office Depot Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.