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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 2024-07-16 View latest technical analysis

10 day averaged volume of Office Depot is 457260

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	41.58	40.46	42.05	40.27	1.126 times
15 Mon Jul 2024	40.11	39.83	40.40	39.46	0.894 times
12 Fri Jul 2024	39.66	39.34	40.07	39.31	0.849 times
11 Thu Jul 2024	39.04	38.66	39.06	38.36	0.797 times
10 Wed Jul 2024	37.87	36.80	37.91	36.80	0.946 times
09 Tue Jul 2024	36.68	37.35	37.40	36.63	1.41 times
08 Mon Jul 2024	37.56	39.37	39.58	37.45	1.949 times
05 Fri Jul 2024	39.20	39.70	39.70	39.15	1.057 times
03 Wed Jul 2024	39.61	39.97	40.22	39.57	0.618 times
03 Wed Jul 2024	39.61	39.97	40.22	39.57	0.618 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 41.3, for a target of 40.2 or 39.19

Share price targets for Office Depot (ODP)

Target Type	Value
Downside Target	36.63
Downside Target	38.66
Downside Target	40.22
Upside Target	42.05
Upside Target	49.18
Upside Target	49.84
Upside Target	52.60
Upside Target	53.38
Upside Target	56.25

Intraday share price targets for Office Depot (ODP)

Target Type	Value
Downside Intraday Target	40.01
Downside Intraday Target	38.44
Upside Intraday Target	42.6
Upside Intraday Target	43.62
Downside Intraday Target	41.03

Weekly technical analysis of Office Depot (ODP)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	41.58	39.83	42.05	39.46	0.34 times
12 Fri Jul 2024	39.66	39.37	40.07	36.63	3.553 times
05 Fri Jul 2024	39.20	39.97	40.22	39.15	0.681 times
03 Wed Jul 2024	39.61	39.40	40.22	38.95	0.389 times
28 Fri Jun 2024	39.27	39.32	39.92	38.66	0.51 times

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

Monthly technical analysis of Office Depot (ODP)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	41.58	39.40	42.05	36.63	0.383 times
28 Fri Jun 2024	39.27	39.69	40.00	37.24	1.418 times
31 Fri May 2024	39.16	50.96	52.60	37.61	1.547 times
30 Tue Apr 2024	50.91	52.94	53.38	49.18	0.709 times

Scroll below to view daily charts

Price has moved up 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Office Depot ( (ODP) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Office Depot ( (ODP) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

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

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

Office Depot Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Office Depot in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 38.84 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.