INDONESIA ENERGY CORP LTD (INDO) Technical Analysis
NYSEARCA:INDO • KYG4760X1025
Current stock price
INDO Technical Rating and Analysis
Taking everything into account, INDO scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, INDO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- In the last month INDO has a been trading in the 3.79 - 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- INDO is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. INDO outperforms 80% of them.
- INDO has an average volume of 3262350 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
Besides having an excellent technical rating, INDO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 4.34, a Stop Loss order could be placed below this zone.
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INDO Support and Resistance Analysis
2.48
We found 4 important support areas.
- A support zone ranging from 4.27 to 4.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.83 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.
We found 1 important resistance area.
- A resistance zone ranging from 4.84 to 4.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | 92.73 | POSITIVE | INDO has a high relative strength, it outperformed 92.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of INDO is below the rising 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) | 47.21 | NEUTRAL | The RSI value for INDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests INDO has a negative trend. |
| Stochastics (14,3) | 11.86 | OVERSOLD | The low Stochastics value suggests INDO may be oversold. |
| Average True Range in percent/ATR (20) | 20.81 | HIGH VOLATILITY | The high ATR as a percentage value for INDO suggests high volalility. |
| Average Directional Index/ADX (14) | 38.98 | POSITIVE | The high ADX value value for INDO suggests a strong trend. |
INDO Chart- and CandleStick Pattern Analysis
INDO Technicals: Chart, Performance Metrics, Trend & Indicators
4.35
-0.24 (-5.23%)
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 8 / 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 47.2054. 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 4.34 and a resistance level at 4.84. Check the full technical report for our detailed analysis of INDO support and resistance levels.