ODP CORP/THE (ODP) Stock Technical Analysis
USA - NASDAQ:ODP - US88337F1057 - Common Stock
20.73 USD
-0.57 (-2.68%)
20.73 USD
0 (0%)
Taking everything into account, ODP scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ODP is a bad performer.
79% of all other stocks performed better in the past year than ODP.
ODP is part of the Specialty Retail industry. There are 123 other stocks in this industry, of which 60% are performing better than ODP.
The long and short term trends are both positive. This is looking good!
In the last month ODP has a been trading in the 19.52 - 22.29 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ODP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ODP is lagging the market.
ODP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.04. Right above this resistance zone may be a good entry point.
More info and screens
16.33
22.43
When analyzing the support we can see 5 important areas.
- A support zone ranging from 20.26 to 20.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.15 from a trend line in the daily time frame.
- Support @18.82 from a trend line in the weekly time frame.
- Support @17.85 from a trend line in the daily time frame.
- Support @16.49 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.04 to 22.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ODP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ODP is up. |
| ChartMill Relative Strength | 21.21 | NEGATIVE | ODP has a low relative strength, it was outperformed by 78.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ODP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ODP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ODP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.04 | NEUTRAL | The RSI value for ODP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests ODP has a negative trend. |
| Stochastics (14,3) | 45.61 | NEUTRAL | The Stochastics value for ODP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for ODP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.27 | NEGATIVE | The low ADX value for ODP suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.99 | 20.25 | 0.74 (3.53%) | 25.00% |
| An entry @20.99. This is a Buy Stop order right above the 10 day moving average. | An exit @20.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.74 points, which is 3.53%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.88%. |
- The distance between exit and entry is rather small compared to the average daily movement of ODP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
20.73
-0.57 (-2.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-2.68%
1 Week-6.66%
2 Weeks0.1%
1 Month-0.24%
3 Month19.9%
6 Month39.41%
12 Month-29.44%
2 Year-55.08%
3 Year-41.02%
5 Year6.58%
10 Year-67.71%
15 Year-54.93%
Volatility
ATR(14)0.98
ATR(20)%4.74%
ATR Inc11.35%
Range Today0.91
ADR(20)0.94
ADR(20)%4.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.21
Mansfield-1.07
10 Day High22.29
10 Day Low19.52
20 Day High22.29
20 Day Low19.52
52 Week High32.21
52 Week Low11.85
CS1 End20.32
CR1 Start22.04
Volume & EV
DER(3)-3.7%
DER(5)-1.92%
Volume389.80K
Volume Incr0.21%
Vol(5)428.12K
Vol(50)453.85K