Is Indonesia Energy Corp. Ltd. technically bullish or bearish?
2025-09-20 20:07:14As of 20 August 2025, the technical trend for Indonesia Energy Corp. Ltd. has changed from sideways to mildly bullish. The weekly MACD is bearish, while the monthly MACD indicates a mildly bullish stance. The weekly RSI is bullish, and the daily moving averages are also bullish, supporting the overall mildly bullish outlook. However, the weekly Bollinger Bands and KST are mildly bearish, which adds some caution. In terms of performance, the stock has returned 4.68% year-to-date, compared to the S&P 500's 12.22%, and has a 1-year return of 14.12% versus the S&P 500's 17.14%. Overall, the current technical stance is mildly bullish, driven by daily moving averages and monthly indicators, despite some bearish signals on the weekly timeframe....
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