Prediction of the Movement of the JCI This Week, Six Stocks Recommended

JAKARTA - The Composite Stock Price Index (JCI) is predicted to consolidate in this week's trading, after closing up 0.17 percent to 7,634 on Friday, April 17.

"Technically, the JCI is still above the MA5 and well above the MA20. It is estimated that the JCI will consolidate in the range of 7,750-7,700, before trying to break through the MA50 level around the level of 7,719," wrote Phintraco Sekuritas in its research.

Ahead of the end of the 2-week US-Iran ceasefire period on April 21, 2026, the US and Iran have again sent each other threats, causing tensions to begin to rise.

The strong statements between the two countries, especially related to the Strait of Hormuz, are feared to worsen the situation in the Gulf region. Global investors are also waiting to see whether the ceasefire will be extended or whether it will escalate the wider conflict.

Next week, economic indicator data that will be released domestically includes the results of the Bank Indonesia Board of Governors (RDG) Meeting, and credit growth on Wednesday, April 22, as well as M2 Money Supply on Thursday, April 23.

Some economic data that will be released from the US include retail sales on Tuesday, April 21 and Michigan Consumer Sentiment on Friday, April 24.

From Europe this week, among others, data on unemployment rates, inflation, as well as the manufacturing and services sectors from the UK will be released.

Then, from Asia, investors will pay attention to the monetary decision of the Chinese central bank, as well as Japan's trade balance and inflation, following the Bank of Japan (BoJ) meeting.

Phintraco Sekuritas recommends stocks that can be considered this week, including MDKA, INTP, CLEO, WIIM, ULTJ and NCKL.