JCI Is Predicted To Strengthen On Friday, These Five Stocks Could Be An Option

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is predicted to move positively in today's trading, Friday, January 3. Phintraco Sekuritas in its research estimates that the JCI will move in the resistance range of 7,240, pivot 7,200, and support 7,050.

Phintraco Sekuritas explained that the JCI recorded resistance breakout of 7,150 (1.18 percent) on Thursday. The formation of positive slope widening in MACD coincided with the strengthening. So that today's JCI has the potential to test MA20 (7,213).

"This movement strengthens indications of bullish reversal since December 30, 2024," wrote Phintraco Sekuritas.

From the United States (US), Phintraco Sekuritas said, the market anticipates the release of 30-year mortgage rate data in the last week of 2024 and the ISM Manufacturing Index. Unfortunately, the two data have not reflected on the significant impact of FFR cuts in September and December 2024.

From the European Region, Phintraco said, unemployment in Germany is estimated to have increased to 6.2 percent from 6.1 percent in November 2024, while the BoE Consumer Credit in November 2024 is expected to increase to 1.2 billion GBP from 1.098 GBP billion in October 2024.

"The less solid external economic data can be a positive sentiment for the JCI this weekend, because it reduces selling pressure," added Phintraco Sekuritas.

Phintraco Sekuritas recommends five shares for today, namely BBNI, BBCA, BMRI, EMTK, and MNCN.