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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 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 - 4.59 range, which is quite wide. It is currently trading near the lows of this range.
- INDO has an average volume of 3229560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, INDO outperforms 66% of them, which is more or less in line with the market.
- INDO is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, INDO did better than 41% of them.
- Considerably lower volume is observed in the last couple of days.
INDO Weekly and Daily overview Charts
INDO Setup Rating and Analysis
INDO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 3.07, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for INDO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
INDO Support and Resistance Analysis
2.50
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.03 to 3.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.90 from a trend line in the weekly time frame.
- Support @2.53 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 | DOWN | NEGATIVE | The long term trend for INDO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INDO is down. |
| ChartMill Relative Strength | 66.33 | 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) | UP | POSITIVE | The current price of INDO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.71 | NEUTRAL | The RSI value for INDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests INDO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.19 | NEUTRAL | The Stochastics value for INDO is a neutral value. |
| Average True Range in percent/ATR (20) | 10.82 | HIGH VOLATILITY | The high ATR as a percentage value for INDO suggests high volalility. |
| Average Directional Index/ADX (14) | 14.6 | 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
3.39
+0.1 (+3.04%)
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 43.7053. This indicates that the stock is currently neutral.
What is the buy/sell signal for INDONESIA ENERGY CORP LTD (INDO) stock?
The buy/sell signal for INDONESIA ENERGY CORP LTD (INDO) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for INDONESIA ENERGY CORP LTD?
INDONESIA ENERGY CORP LTD (INDO) has a support level at 3.07. Check the full technical report for our detailed analysis of INDO support and resistance levels.