ODP CORP/THE (ODP) Stock Technical Analysis
USA - NASDAQ:ODP - US88337F1057 - Common Stock
Taking everything into account, ODP scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ODP is showing a nice and steady performance.
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 support zone below the current price at 27.72, a Stop Loss order could be placed below this zone.
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20.27
4 important support areas can be observed.
- A support zone ranging from 27.68 to 27.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 24.05 to 24.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.21 from a trend line in the daily time frame.
- Support @20.47 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 27.80 to 27.98. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 80.23 | POSITIVE | ODP has a high relative strength, it outperformed 80.23% 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) | UP | POSITIVE | The current price of ODP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.15 | NEUTRAL | The RSI value for ODP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests ODP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.21 | NEUTRAL | The Stochastics value for ODP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.45 | LOW VOLATILITY | The low ATR as a percentage value for ODP suggests low volalility. |
| Average Directional Index/ADX (14) | 42.81 | POSITIVE | The high ADX value value for ODP suggests a strong trend. |
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 |
|---|---|---|---|
| 27.82 | 27.67 | 0.15 (0.54%) | 25.00% |
| An entry @27.82. This is a Buy Stop order right above the 10 day moving average. | An exit @27.67. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.15 points, which is 0.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.13%. |
- 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.
27.76
-0.02 (-0.07%)
ODP CORP/THE / ODP FAQ
Can you provide the ChartMill technical rating for ODP CORP/THE?
ChartMill assigns a technical rating of 8 / 10 to ODP.
Can you provide the trend direction for ODP CORP/THE?
The current trend direction for ODP CORP/THE (ODP) is Bullish.
What is the RSI signal for ODP CORP/THE (ODP) stock?
ODP CORP/THE (ODP) has an RSI value of 68.1482. This indicates that the stock is currently neutral.
What is the short term momentum for ODP stock?
The short term momentum for ODP CORP/THE (ODP) is positive.
Can you provide the support and resistance levels for ODP CORP/THE?
ODP CORP/THE (ODP) has a support level at 27.72 and a resistance level at 27.8. Check the full technical report for our detailed analysis of ODP support and resistance levels.