Indonesia Energy Corporation Limited

Stage 4 · Declining · week 3

As of Oct 22, 2026, Indonesia Energy is in Stage 4, the downtrend phase, now in week 3 (since Oct 8, 2026). It closed at $2.66, 60.5% below its 52-week high and below its 200-day average, which is falling.

Indonesia Energy Corporation Limited, together with its subsidiaries, operates as an oil and gas exploration and production company in Indonesia. More about the company

$2.66

+2.31% today

$40.9M · Micro cap

Market Neutral — Building

Pro read

Pro

Our read

Declining, below its long-term trend

Setup score

—

Momentum

Steady

Edge

—

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Stage Cycle Timeline2023-08-16 → 2026-10-22

S4 34w

S4 23w

S2 15w

2023-08-162026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S4 34w → S1 4w → S2 6w → S3 3w → S4 5w → S1 5w → S2 11w → S3 2w → S4 23w → S1 5w → S2 5w → S3 5w → S2 4w → S3 6w → S4 1w → S3 1w → S2 15w → S3 7w → S4 13w → S1 6w → S4 2w current

Total tracked: 164 weeks across 21 stage runs.

INDO among Oil & Gas E&P59th of 74 by relative strength

All 74 →

Stocks in Oil & Gas E&P ranked by relative strength, with stage and one-month change
#	Stock	Stage	RS	1M
1	GTEGran Tierra Energy Inc.	Stage 2 · wk 9	98	+13.8%
2	BTEBaytex Energy Corp	Stage 2 · wk 7	97	+16.2%
3	APAAPA Corporation	Stage 2 · wk 10	96	+13.7%
4	OBEObsidian Energy Ltd.	Stage 2 · wk 8	95	+3.2%
5	CRTCross Timbers Royalty Trust	Stage 2 · wk 8	95	+15.6%
6	REPXRiley Exploration Permian, Inc.	Stage 2 · wk 8	95	+24.4%
7	PRPermian Resources Corporation Class A	Stage 2 · wk 11	95	+12.5%
8	SMSM Energy Company	Stage 2 · wk 9	94	+12.0%
…59	INDOIndonesia Energy Corporation Limited	Stage 4 · wk 3	51	−7.0%

vs 52W High

-60.5%

$2.49 lo$6.74 hi

60.5% below 52W high, deep Stage 4 damage

In Stage 4, distance from the 52-week high reflects an ongoing decline, not a discount.

Stage Maturity

Week 3

1w13w26w

Week 3, early Stage 4 decline

How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure. No length of decline marks a bottom on its own.

vs 200 DMA

-20.0%

200 DMA: $3.33 · sloping down

In Stage 4, the stock is below its 200-day average, the hallmark of a downtrend. Stage analysis waits for that to reverse before buying.

Rel Volume

0.99x

vs 50-day avg

High volume on down days in Stage 4 confirms institutional selling. Low-volume bounces are typical. They lack real buyers and are easy to mistake for reversals.

Trend Health

↓

Short-term trend rolling over

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

-7.0%

-9.5%

-22.9%

YTD

-15.3%

-4.0%

Scan Membership

Breakout Watch

Latest: 2024-10-02

5 appearances in last 60 days. First seen: 2020-11-13.

A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.

Recent Stage Timeline

2026-10-22S4

Wk 3 · Vol 0.99x

2026-10-21S4

Wk 2 · Vol 0.78x

2026-10-20S4

Wk 2 · Vol 0.78x

2026-10-19S4

Wk 2 · Vol 0.90x

2026-10-16S4

Wk 2 · Vol 1.67x

2026-10-15S4

Wk 2 · Vol 1.46x

2026-10-14S4

Wk 1 · Vol 0.79x

2026-10-13S4

Wk 1 · Vol 1.23x

2026-10-12S4

Wk 1 · Vol 0.44x

2026-10-09S4

Wk 1 · Vol 0.37x

2026-10-08S41→4

Wk 1 · Vol 0.61x

2026-10-07S1

Wk 6 · Vol 0.32x

Moving averages & range

50 DMA

$2.85

200 DMA

$3.33

52W High

$6.74

52W Low

$2.49

5D Low

$2.51

Resistance levels (recent highs)

20d High

$2.81

60d High

$3.17

120d High

$3.46

250d High

$6.74

Next resistance

+5.6%

to 20d High

ROE

-19.8%

Profit margin -152.7%

Dividend Yield

0.00%

P/B 2.0

Indonesia Energy: quick answers

What stage is Indonesia Energy in?

As of Oct 22, 2026, Indonesia Energy (INDO) is in Stage 4, the downtrend phase. It entered Stage 4 on Oct 8, 2026 and is in week 3. What the four stages mean

Is Indonesia Energy in an uptrend?

No. Indonesia Energy is in a Stage 4 downtrend. It trades 20.0% below its 200-day average, which is falling.

How far is Indonesia Energy from its 52-week high?

Indonesia Energy closed at $2.66 on Oct 22, 2026, 60.5% below its 52-week high of $6.74. Its 52-week low is $2.49.

How has Indonesia Energy performed over the past year?

As of Oct 22, 2026, Indonesia Energy is down 4.0% over the past year and down 15.3% so far in 2026.

Which sector and industry is Indonesia Energy in?

Indonesia Energy is in the Oil & Gas E&P industry, part of the Energy sector.

About this companyEnergy· Oil & Gas E&P

Indonesia Energy Corporation Limited, together with its subsidiaries, operates as an oil and gas exploration and production company in Indonesia. Its principal assets include the Kruh Block, a producing block covering an area of 258.1 square kilometers located in the Pali, South Sumatra; and the Citarum Block, an exploration block covering approximately an area of 3,924.67 square kilometers located in the onshore of West Java. The company was incorporated in 2018 and is headquartered in Jakarta, Indonesia.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.