INDO Stock Indonesia Energy (INDO, $2.67) Aroon Indicator entered a Downtrend on June 18, 2024.

A.I.dvisor
at Tickeron.com
06/19/24
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INDO - Indonesia Energy Corp
Aroon signal
Bearish Trend
Odds of DOWN Trend
Aroon signal
Price: $2.67
Daily change: -$0.01 (-0.37%)
Daily volume: 97.5K
Capitalization: $27.2M
Industry: Oil & Gas Production
For the last three days, A.I.dvisor has detected that INDO's AroonDown red line is above 70 while the AroonUp green line is below 30 for three straight days. This move could indicate a strong downtrend ahead for INDO, and traders may view it as a Sell signal for the next month. Traders may consider selling the stock or exploring put options. A.I.dvisor backtested this indicator and found 245 similar cases, of which were successful. Based on this data, the odds of success are
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General Information

a company, which operates as an oil and gas, exploration and production company, and focuses on the Indonesian market

Industry OilGasProduction

Profile
Fundamentals
Details
Industry
N/A
Address
Jalan Raya Pasar Minggu No. 17A
Phone
+62 215768888
Employees
69
Web
https://www.indo-energy.com