ODP CORP/THE (ODP) Technical Analysis
NASDAQ:ODP • US88337F1057
Current stock price
ODP Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to ODP. Both in the recent history as in the last year, ODP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- ODP is one of the better performing stocks in the Specialty Retail industry, it outperforms 83% of 124 stocks in the same industry.
- ODP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ODP is leading the market.
- ODP has an average volume of 1044340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that ODP is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month ODP has a been trading in a tight range between 27.84 and 28.00.
- Volume is considerably higher in the last couple of days.
ODP Weekly and Daily overview Charts
ODP Setup Rating and Analysis
Besides having an excellent technical rating, ODP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.98, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
ODP Support and Resistance Analysis
22.17
We found 3 important support areas.
- A support zone ranging from 27.72 to 27.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.33 from a trend line in the daily time frame.
- Support @22.39 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.01 to 28.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
ODP Technical Indicator Signal Analysis
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 | 82.36 | POSITIVE | ODP has a high relative strength, it outperformed 82.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ODP is above the rising 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) | UP | POSITIVE | The current price of ODP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.4 | NEUTRAL | The RSI value for ODP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ODP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 93.55 | OVERBOUGHT | The high Stochastics value suggests ODP may be overbought. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for ODP suggests low volalility. |
| Average Directional Index/ADX (14) | 49.54 | POSITIVE | The high ADX value value for ODP suggests a strong trend. |
ODP Chart- and CandleStick Pattern Analysis
ODP Example Setup
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 |
|---|---|---|---|
| 28.02 | 27.90 | 0.12 (0.43%) | 25.00% |
| An entry @28.02. This is a Buy Stop order right above the resistance zone. | An exit @27.90. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.12 points, which is 0.43%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- 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.
ODP Technicals: Chart, Performance Metrics, Trend & Indicators
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+0.01 (+0.04%)
ODP CORP/THE / ODP TA FAQ
Can you provide the ChartMill technical rating for ODP CORP/THE?
ChartMill assigns a technical rating of 9 / 10 to ODP.
What is the current trend direction of ODP CORP/THE (ODP) stock?
The current trend direction for ODP CORP/THE (ODP) is Bullish.
Can you provide the RSI signal for ODP CORP/THE?
ODP CORP/THE (ODP) has an RSI value of 69.4007. This indicates that the stock is currently neutral.
What is the MACD signal for ODP stock?
The MACD indicator for ODP CORP/THE (ODP) has a value of -0.0378953, indicating a bearish trend.
What are the support and resistance levels for ODP CORP/THE (ODP) stock?
ODP CORP/THE (ODP) has a support level at 27.98 and a resistance level at 28.01. Check the full technical report for our detailed analysis of ODP support and resistance levels.