Stock Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
Indonesia Energy Corporation Limited Ordinary Shares (AMEX:INDO)
Long-Term Downtrend (-90) - INDO is in a strong downtrend that is likely to continue. While INDO is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid INDO?
MarketClub looks at technical strength and momentum to determine if the timing is right for INDO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INDO
The long-term trend has been DOWN since Apr 21st, 2021 at 5.4100
The intermediate-term trend has been DOWN since Oct 21st, 2021 at 4.1287
The short-term trend has been DOWN since Oct 18th, 2021 at 4.2600
Smart Scan Analysis for INDO
Based on our trend formula, INDO is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||11.87||52wk High Date||2020-12-30|
|52wk Low||3.2559||52wk Low Date||2020-12-22|
|Average Volume||43,959||Shares Outstanding||7,408|