Digging Into the Numbers for Office Depot, Inc. (NASDAQ:ODP): Prior Month Move of -35.013264

When dealing with the volatility and unpredictability of the stock market, investors may have to learn how to deal with their emotions. There are many factors that can have a big impact on the portfolio. Maintaining discipline can be one of the most important factors. From time to time, investors will be overcome by fear during a large market selloff. On the other side, investors may become extremely excited during a widespread market move to the upside. When these situations occur, investors tend to make better decisions if they are able to keep emotions out of play and stick to the original plan. Buying and selling at the wrong time can lead to portfolio underperformance, and it may damage investor confidence in the future.

Investors are often searching through all the numbers to help decide which stocks to purchase. Taking a closer look at shares of Office Depot, Inc. (NASDAQ:ODP), we see that the stock’s latest close price was 2.455. Tracking historical price information can help investors see the bigger picture when looking at a stock. Since the beginning of the year, shares have seen a change of -5.0387597. Over the last full year, shares have moved 7.9295154. Bringing the focus in, the stock has changed -16.666666 over the past three months, -35.013264 over the last month, and -0.40650406 over the last week. Traders will be closely watching to see what happens to the stock price over the next couple of sessions.

Traders have the ability to use many different indicators when studying stocks. The Ichimoku Cloud is a highly popular indicator that helps display support and resistance. Looking at some Ichimoku levels for Office Depot, Inc. (NASDAQ:ODP), we note that the Ichimoku Cloud Base Line level is 2.4375. The Ichimoku Could Conversion Line reading is 2.435. From another angle, the Ichimoku Lead 1 is presently 2.86875, and the Lead 2 level is 3.1325.

Scanning the levels on shares of Office Depot, Inc. (NASDAQ:ODP), investors might be seeing how close the current price is in relation to some historical high and low prices. Looking out over the previous 3 months, we note that the high/low is 3.82/2.31. Over the past 1 month, the high/low is 3.29/2.31. Looking back over the last full-year, the high price is 3.82, and the low price sits at 2.08. For the last six months, the high was seen at 3.82, and the low was noted at
2.08.

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Traders often use pivot point analysis to calculate proper support and resistance levels. Pivot points can be used as markers for traders to identify entry and exit positions. We can now take a look at some one month pivot points:

Fibonacci: 2.4233334
Fibonacci support 1: 2.3488433
Fibonacci support 2: 2.3028233
Woodie: 2.42875
Woodie support 1: 2.3525
Woodie resistance 1: 2.5475
Camarilla: 2.4233334
Classic: 2.4233334
Classic resistance 1: 2.5366666
Classic support 1: 2.3416667

Looking at the stock’s volatility, we note that the current reading is 4.1841006. High volatility may show how the stock’s value can possibly be spread out over a larger range of values. Lower volatility points to the fact that a stock tends to be steadier. Weekly stock volatility clocks in at 3.8034005 while volatility for the month comes in at 5.33454. The current Bull Bear Power reading for the stock is 0.04627989.

Technical analysts will note that the Awesome Oscillator reading is presently -0.058235295. This oscillator may fluctuate above and below a zero line and can be used to create a wide variety of trading signals.

The Donchian Channels indicator can be used to figure out if a market is overbought or oversold. A price breakthrough of either the upper or lower band may signal these conditions. The current reading for the 20 day lower band is 2.31. The current reading for the 20 day upper band is 2.525.

Investors are constantly trying to gain any little advantage when it comes to the stock market. Setting realistic goals and staying disciplined when trying to attain those goals can have a positive impact on an investor’s psyche and portfolio performance. Making a couple of badly timed trades can have a drastic effect on the mindset of the investor or trader. Sometimes, investors will have a few missteps that generally include buying when the market is too high, selling when the market is low, or being on the sidelines during a major charge higher. Staying disciplined can help the average investor avoid common pitfalls to help keep the focus in the right direction. When inevitable mistakes are made, investors will have the opportunity to learn from those mistakes and get back on the road to recovery.