INDONESIA ENERGY CORP LTD (INDO) Stock Technical Analysis
NYSEARCA:INDO - KYG4760X1025 - Common Stock
3.05 USD
+0.13 (+4.45%)
3.04 USD
-0.01 (-0.33%)
Taking everything into account, INDO scores 4 out of 10 in our technical rating. INDO has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
INDO has an average volume of 1936180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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 57% of all stocks.
INDO is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 66% of 209 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.
INDO has an average technical rating and also the quality of the setup is only medium 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
2.36
5.08
2 important support areas can be observed.
- A support zone ranging from 2.71 to 2.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.38 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.06 to 3.06. This zone is formed by a combination of multiple trend lines 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 | 57.6 | NEUTRAL | INDO is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of INDO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of INDO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.18 | NEUTRAL | The RSI value for INDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests INDO has a positive trend. |
| Stochastics (14,3) | 74.2 | NEUTRAL | The Stochastics value for INDO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for INDO suggests some volalility. |
| Average Directional Index/ADX (14) | 31.34 | 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)
3.05
+0.13 (+4.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg4.45%
1 Week7.02%
2 Weeks9.71%
1 Month1.67%
3 Month21.51%
6 Month12.96%
12 Month-6.73%
2 Year-4.98%
3 Year-59.22%
5 Year-30.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%4.31%
ATR Inc12.06%
Range Today0.16
ADR(20)0.13
ADR(20)%4.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.6
Mansfield-0.8
10 Day High3.09
10 Day Low2.7
20 Day High3.34
20 Day Low2.68
52 Week High7.95
52 Week Low2.1
CS1 End2.78
CR1 Start3.06
Volume & EV
DER(3)5.26%
DER(5)11.29%
Volume508.40K
Volume Incr-53.57%
Vol(5)281.98K
Vol(50)1.94M