Stock Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Indonesia Energy Corporation Limited Ordinary Shares (AMEX:INDO)
Strong Downtrend (-100) - INDO is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, INDO continues to fall. 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 Jun 9th, 2022 at 10.82
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 3.45
The short-term trend has been DOWN since Nov 1st, 2023 at 3.55
Smart Scan Analysis for INDO
Based on our trend formula, INDO is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||6.93||52wk High Date||2023-01-17|
|52wk Low||2.56||52wk Low Date||2023-12-07|
|Average Volume||47,603||Shares Outstanding||7,408|