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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 2024-08-06 View latest technical analysis

10 day averaged volume of Office Depot is 360941

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	37.93	38.18	38.72	37.72	1.928 times
05 Mon Aug 2024	37.94	38.23	38.59	37.46	1.458 times
02 Fri Aug 2024	39.69	39.64	39.94	39.06	1.156 times
01 Thu Aug 2024	40.61	42.44	42.49	40.52	1.195 times
31 Wed Jul 2024	42.25	42.40	43.31	42.10	1.032 times
30 Tue Jul 2024	42.15	42.28	42.53	41.98	0.865 times
29 Mon Jul 2024	42.12	42.52	42.76	41.99	0.981 times
26 Fri Jul 2024	42.42	42.25	42.52	41.92	0.818 times
25 Thu Jul 2024	41.91	41.48	42.63	41.48	0.915 times
24 Wed Jul 2024	41.59	41.32	41.97	41.32	0.75 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 37.4, for a target of 39.2 or 40.71

Share price targets for Office Depot (ODP)

Target Type	Value
Downside Target	36.63
Upside Target	38.72
Upside Target	40.42
Upside Target	42.06
Upside Target	42.49
Upside Target	42.63
Upside Target	43.31
Upside Target	49.18
Upside Target	52.60
Upside Target	53.38

Intraday share price targets for Office Depot (ODP)

Target Type	Value
Downside Intraday Target	37.35
Downside Intraday Target	36.78
Upside Intraday Target	38.61
Upside Intraday Target	39.3
Upside Intraday Target	38.04

Weekly technical analysis of Office Depot (ODP)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	37.93	38.23	38.72	37.46	0.648 times
02 Fri Aug 2024	39.69	42.52	43.31	39.06	1.197 times
26 Fri Jul 2024	42.42	40.90	42.63	40.42	0.841 times
19 Fri Jul 2024	40.83	39.83	42.06	39.46	0.689 times
12 Fri Jul 2024	39.66	39.37	40.07	36.63	3.553 times

Price has moved down 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
06 Tue Aug 2024	37.93	42.44	42.49	37.46	0.228 times
31 Wed Jul 2024	42.25	39.40	43.31	36.63	0.629 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

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Office Depot ( (ODP) ) based on a short to mid 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.

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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Office Depot in short term and the sell signal is strong.

Office Depot Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 buy signal for Office Depot in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 40.41 and Office Depot (ODP) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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