ODP CORP/THE (ODP) Stock Technical Analysis
NASDAQ:ODP - Nasdaq - US88337F1057 - Common Stock - Currency: USD
Overall ODP gets a technical rating of 4 out of 10. In the last year, ODP was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, ODP is a bad performer in the overall market: 87% of all stocks are doing better.
ODP is part of the Specialty Retail industry. There are 123 other stocks in this industry, of which 67% are performing better than ODP.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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.
In the last month ODP has a been trading in the 16.55 - 19.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, ODP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.08, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ODP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
16.33
20.10
When analyzing the support we can see 3 important areas.
- A support zone ranging from 17.58 to 18.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.90 to 17.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.49 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.66 to 19.90. 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 | NEUTRAL | NEUTRAL | The long term trend for ODP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ODP is neutral. |
| ChartMill Relative Strength | 13.16 | NEGATIVE | ODP has a low relative strength, it was outperformed by 86.84% 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 | NEGATIVE | The current price of ODP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.54 | NEUTRAL | The RSI value for ODP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ODP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.81 | NEUTRAL | The Stochastics value for ODP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.19 | HIGH VOLATILITY | The high ATR as a percentage value for ODP suggests high volalility. |
| Average Directional Index/ADX (14) | 19.36 | 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)
18.2
-1.21 (-6.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-6.23%
1 Week0.55%
2 Weeks0.72%
1 Month-0.6%
3 Month-0.11%
6 Month-9.81%
12 Month-37.39%
2 Year-63.1%
3 Year-49.09%
5 Year-22.16%
10 Year-77.05%
15 Year-46.63%
Volatility
ATR(14)1.2
ATR(20)%6.19%
ATR Inc2.82%
Range Today1.9
ADR(20)1.1
ADR(20)%6.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.16
Mansfield-2.22
10 Day High19.86
10 Day Low16.55
20 Day High19.86
20 Day Low16.55
52 Week High32.21
52 Week Low11.85
CS1 End18.08
CR1 Start19.66
Volume & EV
DER(3)3.17%
DER(5)3.12%
Volume485.60K
Volume Incr14.4%
Vol(5)548.66K
Vol(50)478.66K