INDONESIA ENERGY CORP LTD (INDO) Stock Technical Analysis
NYSEARCA:INDO - NYSE Arca - KYG4760X1025 - Common Stock - Currency: USD
Overall INDO gets a technical rating of 2 out of 10. 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 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 2.68 - 3.34 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 3789300 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 compared to the yearly performance of all other stocks, INDO outperforms 41% of them, which is more or less in line with the market.
INDO is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 60% of 208 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, INDO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 2.72, a Stop Loss order could be placed below this zone.
More info and screens
2.35
5.08
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.72 to 2.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.37 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @2.93 from a trend line in the daily time frame.
- Resistance @3.06 from a horizontal line in the daily time frame.
- 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 | DOWN | NEGATIVE | The short term trend for INDO is down. |
| ChartMill Relative Strength | 41.94 | 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) | 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) | 42.28 | NEUTRAL | The RSI value for INDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests INDO has a negative trend. |
| Stochastics (14,3) | 7.44 | OVERSOLD | The low Stochastics value suggests INDO may be oversold. |
| Average True Range in percent/ATR (20) | 6.5 | HIGH VOLATILITY | The high ATR as a percentage value for INDO suggests high volalility. |
| Average Directional Index/ADX (14) | 32.4 | 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)
2.73
-0.04 (-1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.44%
1 Week-9%
2 Weeks-6.51%
1 Month-5.54%
3 Month18.18%
6 Month-1.44%
12 Month-15.22%
2 Year-14.95%
3 Year-63.5%
5 Year-37.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%6.5%
ATR Inc-43.82%
Range Today0.11
ADR(20)0.18
ADR(20)%6.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.94
Mansfield-1.83
10 Day High3.34
10 Day Low2.68
20 Day High3.34
20 Day Low2.68
52 Week High7.95
52 Week Low2.1
CS1 End2.72
CR1 Start2.93
Volume & EV
DER(3)-4.92%
DER(5)-8.09%
Volume532.90K
Volume Incr-40.42%
Vol(5)410.72K
Vol(50)3.79M