Office Stock Technical Analysis

ODP
 Stock
  

USD 35.03  0.12  0.34%   

As of the 4th of October, Office Depot holds the Risk Adjusted Performance of 0.1301, coefficient of variation of 948.19, and Semi Deviation of 1.81. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Office Depot, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down nineteen technical drivers for Office Depot, which can be compared to its competitors. Please check Office Depot information ratio, as well as the relationship between the potential upside and kurtosis to decide if Office Depot is priced some-what accurately, providing market reflects its current price of 35.03 per share. Given that Office Depot has jensen alpha of 0.2902, we recommend you to check out Office Depot's recent market performance to make sure the company can sustain itself at a future point.
  

Office Depot Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Office, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Office
Office Depot's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Office Depot Analyst Consensus

Target PriceAdvice# of Analysts
43.0Hold1Odds
Office Depot current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Office analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Office stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Office Depot, talking to its executives and customers, or listening to Office conference calls.
Office Analyst Advice Details
Office Depot technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Office Depot technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Office Depot trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Office Depot Technical Analysis

Indicator
Time Period
Execute Indicator
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Normalized Average True Range is used to analyze tradable apportunities for Office Depot across different markets.
.

Office Depot Trend Analysis

Use this graph to draw trend lines for Office Depot. You can use it to identify possible trend reversals for Office Depot as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Office Depot price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Office Depot Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Office Depot applied against its price change over selected period. The best fit line has a slop of   0.029346  , which may imply that Office Depot will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 32.57, which is the sum of squared deviations for the predicted Office Depot price change compared to its average price change.

About Office Depot Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Office Depot on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Office Depot based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Office Depot price pattern first instead of the macroeconomic environment surrounding Office Depot. By analyzing Office Depot's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Office Depot's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Office Depot specific price patterns or momentum indicators. Please read more on our technical analysis page.

Office Depot October 4, 2022 Technical Indicators

Most technical analysis of Office help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Office from various momentum indicators to cycle indicators. When you analyze Office charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Office Depot October 4, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Office stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Your Equity Center. Note that the Office Depot information on this page should be used as a complementary analysis to other Office Depot's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Office Stock analysis

When running Office Depot price analysis, check to measure Office Depot's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Office Depot is operating at the current time. Most of Office Depot's value examination focuses on studying past and present price action to predict the probability of Office Depot's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Office Depot's price. Additionally, you may evaluate how the addition of Office Depot to your portfolios can decrease your overall portfolio volatility.
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Is Office Depot's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Office Depot. If investors know Office will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Office Depot listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Office Depot is measured differently than its book value, which is the value of Office that is recorded on the company's balance sheet. Investors also form their own opinion of Office Depot's value that differs from its market value or its book value, called intrinsic value, which is Office Depot's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Office Depot's market value can be influenced by many factors that don't directly affect Office Depot's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Office Depot's value and its price as these two are different measures arrived at by different means. Investors typically determine Office Depot value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Office Depot's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.