Stock Trend Analysis Report
Prepared for you on Monday, May 16, 2022.
Indonesia Energy Corporation Limited Ordinary Shares (AMEX:INDO)
Sidelines Mode (+55) - INDO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for INDO
The long-term trend has been UP since Jan 27th, 2022 at 5.99
The intermediate-term trend has been DOWN since May 9th, 2022 at 16.50
The short-term trend has been UP since May 16th, 2022 at 15.28
Smart Scan Analysis for INDO
Based on our trend formula, INDO is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||86.9922||52wk High Date||2022-03-07|
|52wk Low||2.61||52wk Low Date||2022-01-26|
|Average Volume||2,113,994||Shares Outstanding||7,408|