JCI Is Predicted To Move In The Range Of 6,700-6,800, Here's The Sentiment

JAKARTA - The Composite Stock Price Index (JCI) rose 0.39 percent, up 26.108 points to 6.749.07 in trading Tuesday, April 29.

Phintraco Sekuritas predicts the JCI has the potential to move in the range of 6,700-6,800 on Wednesday, April 30. In addition, the JCI is expected to move at 6,800 resistance, 6,750 pivot, 6,700 support.

Phintraco Sekuritas analyst Alrich Paskalis Tambolang said the JCI closed higher to the level of 6,749,075 in trading Tuesday, April 29. Technically, the JCI formed a long lagged doji candlestick accompanied by sideways movements on the MACD histogram.

"So we estimate the JCI has the potential to move in the range of 6,700-6,800 in trading Wednesday, April 30," he explained to VOI, Wednesday, April 30.

Alrich said that external sentiment came from the United States (US), the market anticipates the release of PCE Price Index data in March 2025 which is expected to slope to the level of 2.2 percent (YoY) from 2.5 percent (YoY) in February 2025, indicating that inflationary pressure in America is starting to subside and is approaching the Fed's inflation target of 2 percent.

Meanwhile, from the European region, the market anticipates the release of Growth Flash GDP data in the first quarter of 2025 at the Euro Area which is estimated to grow 1 percent (YoY), experiencing a slowdown compared to the previous realization which recorded a 1.2 percent growth (YoY) in the fourth quarter of 2024.

According toia dari Regional, pasar mengantisipasi rilisran data Caixin Manufacturing PMI bulan April 2025 di China yang diperkirakan turun ke level 50,2 dari level 51,2 di Maret 2025, mengindikasikan bahwa aktivitas manufaktur di China mengalami perundangan.

In addition, Japan is scheduled to release Retail Sales data in March 2025 which is estimated to grow 3.5 percent (YoY) from 1.4 percent (YoY) in February 2025, indicating that domestic consumption in Japan has increased.

Meanwhile, from domestic, the market anticipates the release of financial statements in the first quarter of 2025 of a number of bluechip issuers, especially banking issuers, which are expected to be released at the end of April 2025.

Alrich recommended trading on Wednesday, April 30, namely shares of PGAS, AMRT, SIDO, ERAA, and TLKM.