JCI Monday Projected to Move in the Range of 5,800-6,000, Watch the Stock Recommendations

JAKARTA - The Composite Stock Price Index (JCI) is predicted to still move sideways in today's trading, Monday, July 13, after last weekend closed up 0.2 percent to 5,924.3.

Phintraco Sekuritas in its research mentioned several positive sentiments as support for the strengthening of the JCI last weekend. One of them is the price of crude oil which continues to weaken slightly as geopolitical tensions in the Middle East subside.

In addition, the IEA projects global oil demand is expected to fall for the first time since 2020 this year, as the Iran war has damaged production facilities and caused export disruptions in the Middle East.

Meanwhile, car sales data in Indonesia grew 12 percent YoY to 77,550 units in June 2026, after growing 14 percent YoY in May 2026. So car sales in Indonesia grew 15.9 percent YoY to 436,564 units in the first half of 2026.

The positive factor from car sales is expected to continue as there are upcoming automotive sales-related events.

Phintraco Sekuritas explained that the JCI closed above the MA5 and MA10 levels, but was still below the MA20. Stochastic RSI experienced a Death Cross, but the MACD histogram was still in the positive area.

"So, the JCI is expected to still move sideways in the range of 5,800-6,000 levels," wrote Phintraco Sekuritas.

Meanwhile, MNC Securities estimates that the JCI still has the opportunity to continue strengthening to test 6,083-6,203, but pay attention to the correction area at the level of 5,752-5,797.

MNC Securities recommends emoat stocks for today, namely ARCI, BMRI, MINA, and TAPG.