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Technical Analysis Predictions for Office Depot, Inc. - ODP


Part I: The Volumetric Profile for Office Depot, Inc..



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Cumulative Volume by Price of Office Depot, Inc.

Volume Stratification Analysis begins with the concept of the Volumetric Profile. This is nothing more than the cummulative volume according to price range. The red bar marks the price range corresponding to the current price of ODP shares.








Part II: Primary Volumetric Support and Resistance for ODP common stock.



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ODP:  Volume Stratification Profile

Blue bars depict the Volumetric Profile for various price levels of Office Depot, Inc.. The thick orange line is the Volumetric Price and the maroon line is the Secular Price. The Volumetric average at $12 is below the Secular average at $14. This is a very un-usual condition.

The only significant volumetric support exists in the area around the $4 level.



Support Level IDPrice RangePeak Magnitude
1$4.00 - $4.995.73


Several minor strata of volumetric turbulence could exert resistance against price appreciation, most notably, the peak at $13.


Resistance Level IDPrice RangePeak Magnitude
1$13.00 - $13.992.74
2$29.00 - $29.990.31
3$35.00 - $35.990.60









Part III: Secondary Analytical Support and Resistance for Office Depot, Inc. Stock Prices


Secondary Support Levels for ODP

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ODP:  Volumetric Minimum Strata

Horizontal maroon lines indicate Negative Volumetric Peaks. Price intervals with these characteristics are often associated with gaps, although they sometimes operate as support levels. Quarterly and yearly turn-arounds are circled. No major Volumetric Minima exist to support the current price




Secondary Resistance Levels for ODP

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Maximum Negative Slope Strata of Office Depot, Inc.

Here, the horizontal lines mark the points of Maximum Negative Slope in the Volumetric Profile. These strata are known to act as resistance levels against upward movement, and are sometimes associated with yearly and quarterly tops. Also, as is typical of resistance levels, they may do double duty as support, but that is not the typical case.







For Members: Deeper Analysis, with Price Predictions for ODP Common Stock




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More ODP Technical Analysis Topics

ODP Price Predictions

Support and Resistance Levels

Politics and Prices of ODP

Japanese Candlestick Analysis

ODP Classical Analysis of Time Series

ODP Historical Volume

ODP Risk-Volatility Analysis

ODP Seasonal Trends

Market Sentiment

Back to ODP Table of Contents


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