INDONESIA ENERGY CORP LTD (INDO) Stock Technical Analysis
NYSEARCA:INDO - NYSE Arca - KYG4760X1025 - Common Stock - Currency: USD
Taking everything into account, INDO scores 2 out of 10 in our technical rating. INDO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, INDO is a bad performer in the overall market: 61% of all stocks are doing 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.
INDO has an average volume of 3771990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
INDO is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 53% of 208 stocks in the same industry.
In the last month INDO has a been trading in the 2.68 - 3.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
INDO has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
2.34
5.08
We found 3 important support areas.
- A support zone ranging from 2.87 to 2.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.72 to 2.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.36 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.93 to 2.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.01 to 3.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.03 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for INDO is neutral. |
| ChartMill Relative Strength | 39.99 | NEUTRAL | INDO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of INDO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of INDO is below the rising 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) | 47.36 | NEUTRAL | The RSI value for INDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests INDO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.39 | NEUTRAL | The Stochastics value for INDO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.18 | HIGH VOLATILITY | The high ATR as a percentage value for INDO suggests high volalility. |
| Average Directional Index/ADX (14) | 33.87 | POSITIVE | The high ADX value value for INDO suggests a strong trend. |
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)
2.89
-0.04 (-1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.37%
1 Week-3.67%
2 Weeks4.33%
1 Month-3.34%
3 Month12.89%
6 Month7.04%
12 Month-10.8%
2 Year-9.97%
3 Year-61.36%
5 Year-34.02%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%6.18%
ATR Inc-33.01%
Range Today0.14
ADR(20)0.18
ADR(20)%6.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.99
Mansfield-1.3
10 Day High3.34
10 Day Low2.74
20 Day High3.34
20 Day Low2.68
52 Week High7.95
52 Week Low2.1
CS1 End2.88
CR1 Start2.93
Volume & EV
DER(3)-7.65%
DER(5)-3.56%
Volume308.70K
Volume Incr-24.23%
Vol(5)562.30K
Vol(50)3.77M