INDONESIA ENERGY CORP LTD (INDO) Technical Analysis
NYSEARCA:INDO • KYG4760X1025
Current stock price
INDO Technical Rating and Analysis
Taking everything into account, INDO scores 1 out of 10 in our technical rating. INDO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- INDO is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 74% of 209 stocks in the same industry do better.
- INDO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month INDO has a been trading in the 2.89 - 4.65 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.
- INDO has an average volume of 3281750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, INDO turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
- Considerably lower volume is observed in the last couple of days.
INDO Weekly and Daily overview Charts
INDO Setup Rating and Analysis
The technical rating of INDO is bad and it also does not present a quality setup 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.
More info and screens
INDO Support and Resistance Analysis
2.49
3 important support areas can be observed.
- Support @2.88 from a trend line in the weekly time frame.
- A support zone ranging from 2.62 to 2.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.52 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 | NEUTRAL | NEUTRAL | The long term trend for INDO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INDO is down. |
| ChartMill Relative Strength | 59.64 | NEUTRAL | INDO is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of INDO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INDO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.61 | NEUTRAL | The RSI value for INDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests INDO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.27 | OVERSOLD | The low Stochastics value suggests INDO may be oversold. |
| Average True Range in percent/ATR (20) | 12.15 | HIGH VOLATILITY | The high ATR as a percentage value for INDO suggests high volalility. |
| Average Directional Index/ADX (14) | 17.18 | NEGATIVE | The low ADX value for INDO suggests a weak or negative trend. |
INDO Chart- and CandleStick Pattern Analysis
INDO Technicals: Chart, Performance Metrics, Trend & Indicators
3.08
+0.04 (+1.32%)
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 1 / 10 to INDO.
What is the trend direction for INDO stock?
The current trend direction for INDONESIA ENERGY CORP LTD (INDO) is Bearish.
Can you provide the RSI signal for INDONESIA ENERGY CORP LTD?
INDONESIA ENERGY CORP LTD (INDO) has an RSI value of 37.6125. This indicates that the stock is currently neutral.
What are the support and resistance levels for INDONESIA ENERGY CORP LTD (INDO) stock?
INDONESIA ENERGY CORP LTD (INDO) has a support level at 2.88. Check the full technical report for our detailed analysis of INDO support and resistance levels.