Technical Analysis for INDO - Indonesia Energy Corporation

Grade Last Price % Change Price Change
grade D 5.3 -11.67% -0.70
INDO closed down 11.67 percent on Friday, February 28, 2020, on 20 percent of normal volume. The bears made the stock sink to a new 52-week low. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A N/A Down
Historical INDO trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -11.67%
Expansion Breakdown Bearish Swing Setup -11.67%
Stochastic Reached Oversold Weakness -11.67%

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Profile

Indonesia Energy Corp. Ltd. operates as an oil and gas, exploration and production company, which focuses on the Indonesian market. It holds oil and gas assets through its subsidiaries in Indonesia: the Kruh Block and the Citarum Block. The company was founded by James J. Huang and Wirawan Jusuf in 2014 and is headquartered in Jakarta, Indonesia.
Oil And Gas Oil And Gas Assets

Is INDO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 12.49
52 Week Low 5.3
Average Volume 32,781
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 6.72
10-Day Moving Average 6.57
Average True Range 0.51
ADX 22.23
+DI 15.63
-DI 38.83
Chandelier Exit (Long, 3 ATRs ) 6.06
Chandelier Exit (Short, 3 ATRs ) 6.84
Upper Bollinger Band 7.66
Lower Bollinger Band 5.78
Percent B (%b) -0.25
BandWidth 27.97
MACD Line -0.38
MACD Signal Line -0.26
MACD Histogram -0.1166
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.92
Resistance 3 (R3) 5.99 5.85 5.82
Resistance 2 (R2) 5.85 5.69 5.82 5.78
Resistance 1 (R1) 5.58 5.60 5.51 5.51 5.75
Pivot Point 5.44 5.44 5.40 5.40 5.44
Support 1 (S1) 5.16 5.28 5.09 5.09 4.85
Support 2 (S2) 5.02 5.18 4.99 4.82
Support 3 (S3) 4.75 5.02 4.78
Support 4 (S4) 4.68