ODP NEWS why is Office Depot, Inc. price falling or rising

ODP NEWS reasons for why stock price of Office Depot, Inc. is falling or rising

ODP Office Depot is falling or rising technical reasons

Technical analysis forecast of Office Depot Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Office Depot ODP at this time. Stock is rising and might rise more.

It appears as if Office Depot ODP gave a large move recently.

Stock of Office Depot (ODP) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Office Depot is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 53.1 as stoploss in an intra day sell trade for a target of 52.05. However, stock will show a bullish move above 53.1.

ODP Office Depot is falling or rising NEWS fundamental reasons

More announcements and NEWS

ODP Office Depot, Inc. current price & indicator signals

Moving Averages for Office Depot, Inc.

  • 5Day Average: 52.21
  • 12Day Average: 51.47
  • 20Day Average: 51.79
  • 50Day Average: 52.52
  • 100Day Average: 51.38
  • 150Day Average: 49.63
  • 200Day Average: 49.26

ODP Indicators & signals

Indicator MACD (12,26,9)

51.94, 52.12, -0.36
Indicator MACD is in negative zone

Indicator ADX (14)

28.3, 23.78, 13.29
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 46
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ODP Office Depot, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 53.05 52.51 to 53.56 1.22% 0.61 times
27 Wed Mar 2024 52.41 51.95 to 52.47 1.37% 0.45 times
26 Tue Mar 2024 51.70 51.46 to 52.30 0.37% 0.42 times
25 Mon Mar 2024 51.51 51.42 to 53.16 -1.64% 0.59 times
22 Fri Mar 2024 52.37 51.53 to 52.84 0.77% 0.37 times
21 Thu Mar 2024 51.97 51.25 to 52.18 1.72% 0.92 times
20 Wed Mar 2024 51.09 50.03 to 51.46 1.53% 0.9 times
19 Tue Mar 2024 50.32 50.13 to 50.85 0.38% 0.85 times
18 Mon Mar 2024 50.13 50.03 to 51.32 -2.05% 1.12 times
15 Fri Mar 2024 51.18 49.84 to 51.69 1.59% 3.31 times
14 Thu Mar 2024 50.38 49.94 to 51.55 -2.16% 1.07 times
13 Wed Mar 2024 51.49 51.17 to 52.41 0.06% 0.99 times

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