INDONESIA ENERGY CORP LTD (INDO) Technical Analysis
NYSEARCA:INDO • KYG4760X1025
Current stock price
4.34 USD
+0.12 (+2.84%)
At close:
4.33 USD
-0.01 (-0.23%)
After Hours:
INDO Technical Rating and Analysis
Overall INDO gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month INDO has a been trading in the 3.95 - 8.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- INDO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 71% of 208 stocks in the same industry.
- INDO has an average volume of 3348160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, INDO did better than 92% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- INDO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INDO is lagging the market slightly.
INDO Weekly and Daily overview Charts
INDO Setup Rating and Analysis
INDO has an excellent technical rating, but the quality of the setup is only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
INDO Support and Resistance Analysis
2.48
4.38
We found 5 important support areas.
- A support zone ranging from 4.21 to 4.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.08 from a horizontal line in the daily time frame.
- Support @3.88 from a trend line in the daily time frame.
- Support @2.85 from a trend line in the weekly time frame.
- Support @2.51 from a trend line in the weekly time frame.
INDO 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 INDO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INDO is neutral. |
| ChartMill Relative Strength | 92.21 | POSITIVE | INDO has a high relative strength, it outperformed 92.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INDO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INDO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INDO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.44 | NEUTRAL | The RSI value for INDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests INDO has a negative trend. |
| Stochastics (14,3) | 6.3 | OVERSOLD | The low Stochastics value suggests INDO may be oversold. |
| Average True Range in percent/ATR (20) | 21.03 | HIGH VOLATILITY | The high ATR as a percentage value for INDO suggests high volalility. |
| Average Directional Index/ADX (14) | 35.78 | POSITIVE | The high ADX value value for INDO suggests a strong trend. |
INDO Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
INDO Technicals: Chart, Performance Metrics, Trend & Indicators
4.34
+0.12 (+2.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.84%
1 Week-10.97%
2 Weeks-16.44%
1 Month-14.57%
3 Month45.02%
6 Month48.07%
12 Month48.59%
2 Year95.37%
3 Year-11.53%
5 Year-32.15%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%21.03%
ATR Inc-64.49%
Range Today0.34
ADR(20)0.82
ADR(20)%19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.21
3 months CRS96.57
6 months CRS94.41
Mansfield2.75
10 Day High6.3
10 Day Low3.95
20 Day High8.5
20 Day Low3.95
52 Week High8.5
52 Week Low2.1
CS1 End4.08
CR1 Start4.23
Volume & EV
DER(3)1.81%
DER(5)1.01%
Volume1.53M
Volume Incr-58.76%
Vol(5)2.37M
Vol(50)3.35M
INDONESIA ENERGY CORP LTD / INDO TA FAQ
Can you provide the ChartMill technical rating for INDONESIA ENERGY CORP LTD?
ChartMill assigns a technical rating of 7 / 10 to INDO.
What is the current trend direction of INDONESIA ENERGY CORP LTD (INDO) stock?
The current trend direction for INDONESIA ENERGY CORP LTD (INDO) is Bullish.
What is the RSI signal for INDONESIA ENERGY CORP LTD (INDO) stock?
INDONESIA ENERGY CORP LTD (INDO) has an RSI value of 46.4419. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INDONESIA ENERGY CORP LTD?
The short term momentum for INDONESIA ENERGY CORP LTD (INDO) is neutral.
Can you provide the support and resistance levels for INDONESIA ENERGY CORP LTD?
INDONESIA ENERGY CORP LTD (INDO) has a support level at 4.08 and a resistance level at 4.23. Check the full technical report for our detailed analysis of INDO support and resistance levels.