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Stock Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Indonesia Energy Corporation Limited Ordinary Shares (AMEX:INDO)

Crossroads (-60) - INDO is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

AMEX_INDO
Open High Low INDO Price Change
2.590 2.700 2.590 2.697 +0.077
Entry Signal

MarketClub’s Trade Triangles for INDO

long term up The long-term trend has been UP since Apr 1st, 2024 at 2.95

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2024 at 3.71

short term down The short-term trend has been DOWN since Jun 3rd, 2024 at 2.99

Smart Scan Analysis for INDO

Based on our trend formula, INDO is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for INDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.590 2.700 2.590 2.697 +0.077
Prev. Close Volume Bid Ask Time
2.697 26204 2024-06-14 15:59:55
52wk High6.6552wk High Date2024-04-15
52wk Low2.0352wk Low Date2024-03-12
Average Volume138,346Shares Outstanding7,408
Assets17,724,681MLiabilities3,034,813M
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