These Five Stocks Are Recommended In The Midst Of The JCI Consolidation Movement
JAKARTA - The Composite Stock Price Index (JCI) is predicted to move consolidation in today's trading, Tuesday, August 26. Phintraco Sekuritas in its research estimates the JCI will move in the resistance range of 7,970, pivot 7,900, and support 7,850.
Phintraco Sekuritas said the JCI closed higher at the level of 7,926.91 (0.87 percent) in trading last Monday. This was triggered by positive sentiment from indications of cutting the Fed's interest rate from Fed Chairman Jerome Powell at Jackson Hole's locomotive last weekend.
According to Phintraco Sekuritas, global investors expect that there will be a 25 bps cut in the Fed interest rate at the Fed meeting on September 16-17. This positive sentiment also encourages strengthening in the Asian stock exchange index.
"In the domestic area, the property sector shares recorded the largest strengthening and vice versa, the health sector shares recorded the largest weakness," wrote Phintraco Sekuritas.
Technically, Phintraco Sekuritas explained, MACD's histogram continued to weaken even though it was still in a positive area. RSI's Stochastic moves in the pivot area. However, the JCI on Monday's trading has not been able to survive above the level of 7,950.
"Thus, the JCI is predicted to move to consolidate today at the level of 7,850-7,970," added Phintraco Sekuritas.
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From the United States (US), today investors will pay close attention to Durable Goods Orders data in July 2025 which is expected to fall 4 percent MoM from a 9.3 percent decline in the MoM in June 2025. For the S&P/Case-Shiller home price index in June 2025, it is estimated that it will increase 2.9 percent from 2.8 percent in May 2025.
"Meanwhile, the CB Consumer Confidence index in August 2025 is expected to improve slightly at the 98th level of 97.2 in July 2025," said Phintraco Sekuritas.
The stocks recommended by Phintraco Sekuritas today are TLKM, PSAB, CLEO, JSMR and TOBA.