Is Indonesia Energy Corp. Ltd. technically bullish or bearish?

Jun 25 2025 09:05 AM IST
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As of June 11, 2025, Indonesia Energy Corp. Ltd. shows a mildly bullish trend supported by bullish MACD indicators, though caution is advised due to a bearish weekly RSI and mildly bearish daily moving averages.
As of 11 June 2025, the technical trend for Indonesia Energy Corp. Ltd. has changed from sideways to mildly bullish. The current technical stance is mildly bullish, supported by a bullish MACD on the weekly timeframe and a mildly bullish MACD on the monthly timeframe. The Bollinger Bands indicate a bullish trend on the monthly and mildly bullish on the weekly. However, the weekly RSI is bearish, which suggests some caution. Moving averages on the daily are mildly bearish, indicating short-term weakness. Overall, the strength of the bullish stance is tempered by mixed signals from the RSI and moving averages, but the prevailing trend remains mildly bullish.
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