IDX Technical Analysis - VANECK INDONESIA INDEX ETF

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to IDX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IDX is only an average performer.

IDX is part of the Automobile Components industry. There are 81 other stocks in this industry, of which 62% are performing better than IDX.

Warning: IDX has an average volume of 13481 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

IDX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IDX is lagging the market slightly.

When compared to the yearly performance of all other stocks, IDX outperforms 44% of them, which is more or less in line with the market.

In the last month IDX has a been trading in a tight range between 15.64 and 16.28.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VANECK INDONESIA INDEX ETF / IDX Weekly stock chart

VANECK INDONESIA INDEX ETF / IDX Daily stock chart

Setup Rating and Analysis

Although IDX has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.89

16.69

3 important support areas can be observed.

A support zone ranging from 15.77 to 16.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @15.05 from a horizontal line in the daily time frame.
A support zone ranging from 14.03 to 14.24. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 16.52 to 16.52. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 IDX is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for IDX is up.
ChartMill Relative Strength	44.79	NEUTRAL	IDX is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of IDX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of IDX is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of IDX is above the rising SMA(200).
Relative Strength Index/RSI (14)	57.11	NEUTRAL	The RSI value for IDX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests IDX has a positive trend.
Stochastics (14,3)	87.94	OVERBOUGHT	The high Stochastics value suggests IDX may be overbought.
Average True Range in percent/ATR (20)	1.01	LOW VOLATILITY	The low ATR as a percentage value for IDX suggests low volalility.
Average Directional Index/ADX (14)	10.08	NEGATIVE	The low ADX value for IDX suggests a weak or negative trend.