Technical Analysis for INDO - Indonesia Energy Corporation

Grade Last Price % Change Price Change
grade F 3.87 0.52% 0.02
INDO closed up 0.52 percent on Friday, May 29, 2020, on 38 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. 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 Down Down
Historical INDO trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Doji - Bullish? Reversal 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bearish Centerline Cross Bearish 0.52%
Narrow Range Bar Range Contraction 0.52%
NR7 Range Contraction 0.52%
Wide Bands Range Expansion 0.52%

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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 1.55
Average Volume 7,018
200-Day Moving Average 0.00
50-Day Moving Average 3.90
20-Day Moving Average 4.51
10-Day Moving Average 4.18
Average True Range 0.38
ADX 24.32
+DI 33.13
-DI 26.17
Chandelier Exit (Long, 3 ATRs ) 4.84
Chandelier Exit (Short, 3 ATRs ) 5.00
Upper Bollinger Band 5.49
Lower Bollinger Band 3.52
Percent B (%b) 0.18
BandWidth 43.69
MACD Line -0.05
MACD Signal Line 0.06
MACD Histogram -0.1155
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.20
Resistance 3 (R3) 4.23 4.15 4.15
Resistance 2 (R2) 4.15 4.07 4.14 4.13
Resistance 1 (R1) 4.01 4.01 4.08 3.98 4.11
Pivot Point 3.93 3.93 3.97 3.92 3.93
Support 1 (S1) 3.79 3.85 3.86 3.76 3.63
Support 2 (S2) 3.71 3.79 3.70 3.61
Support 3 (S3) 3.57 3.71 3.60
Support 4 (S4) 3.54