INDO Stock Summary and Trading Ideas (Indonesia Energy | AMEX:INDO)

Indonesia Energy Corp Ltd is an oil and gas exploration and production company focused on Indonesia. Its portfolio consists of Kruh Block and Citarum Block. The company generates its revenue from oil and gas sales.

Indonesia Energy trades on the AMEX stock market under the symbol INDO.

As of April 19, 2024, INDO stock price climbed to $5.26 with 9,687,843 million shares trading.

INDO has a beta of -0.74, meaning it tends to be less sensitive to market movements. INDO has a correlation of 0.01 to the broad based SPY ETF.

INDO has a market cap of $53.35 million. This is considered a Micro Cap stock.

In the last 3 years, INDO stock traded as high as $86.99 and as low as $2.03.

INDO stock has underperformed the market in the last year with a return of +5.8%, while SPY returned +21.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in INDO shares. However, INDO has outperformed the market in the last 3 month and 2 week periods, returning +100.8% and +89.2%, while SPY returned +4.9% and -2.9%, respectively. This indicates INDO has been having a stronger performance recently.

INDO support price is $3.77 and resistance is $4.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that INDO stock will trade within this expected range on the day.