INDONESIA ENERGY CORP LTD (INDO) Stock Technical Analysis
NYSEARCA:INDO - NYSE Arca - KYG4760X1025 - Common Stock - Currency: USD
Taking everything into account, INDO scores 8 out of 10 in our technical rating. In the last year, INDO was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
INDO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 97% of 213 stocks in the same industry.
INDO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so INDO is performing more or less in line with the market.
In the last month INDO has a been trading in the 2.25 - 5.78 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
INDO has an average volume of 1199040 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 97% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although INDO has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.29
5.23
When analyzing the support we notice one important area.
- Support @2.31 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 | UP | POSITIVE | The short term trend for INDO is up. |
| ChartMill Relative Strength | 97.3 | POSITIVE | INDO has a high relative strength, it outperformed 97.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INDO is above 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) | 89.93 | OVERBOUGHT | The high RSI value suggests INDO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests INDO has a positive trend. |
| Stochastics (14,3) | 73.68 | NEUTRAL | The Stochastics value for INDO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.4 | HIGH VOLATILITY | The high ATR as a percentage value for INDO suggests high volalility. |
| Average Directional Index/ADX (14) | 38.42 | 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)
5.18
+1.64 (+46.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg46.33%
1 Week101.56%
2 Weeks106.38%
1 Month124.24%
3 Month91.85%
6 Month75.59%
12 Month92.07%
2 Year17.19%
3 Year-20.92%
5 Year9.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%6.4%
ATR Inc724.4%
Range Today1.46
ADR(20)0.29
ADR(20)%5.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.3
Mansfield6.91
10 Day High5.78
10 Day Low2.44
20 Day High5.78
20 Day Low2.25
52 Week High5.88
52 Week Low2.06
CS1 End2.31
CR1 StartN/A
Volume & EV
DER(3)3.3%
DER(5)3.07%
Volume38.55M
Volume Incr4392.93%
Vol(5)10.19M
Vol(50)1.20M