JCI Thursday Tests Level 7,000, Check Out Stock Recommendations

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) tested a psychological level of 7,000 in today's trading, Thursday 15 May. Phintraco Sekuritas in his research said the JCI today will move in the range of 7.000 resistance, 6.950 pivot, and 6,900 support.

Phintraco Sekuritas said the JCI closed higher to the level of 6,979.8 (2.15 percent) in trading last Wednesday. Technically, there is a positive scale widening in MACD and the Stochastic RSI indicator has the potential to form a Golden Cross in the pivot area.

"Thus, we estimate the JCI today has the potential to test the psychological level of 7,000," wrote Phintraco Sekuritas.

From America, the market anticipates the release of Producer Price Index (PPI) data in April 2025 which will be released this Thursday which is estimated to increase to 0.2 percent MoM from a contraction of 0.4 percent MoM in March 2025.

"The data will indicate indications of recovery in the production or manufacturing sector in April 2025," added Phintraco Sekuritas.

Meanwhile, the release of retail sales data in April 2025 in America is not expected to experience growth or 0 percent of the MoM, indicating that domestic consumption in America is stagnant in April 2025.

From the European region, Phintraco Sekuritas said, the market anticipates the release of Growth Rate Data in the first quarter of 2025 in the UK, which is estimated to grow 1.2 percent YoY, lower than the realization of growth of 1.5 percent YoY in the fourth quarter of 2024, signaling that economic activity in the UK has slowed down in the first quarter of 2025.

Meanwhile, from domestic, the market anticipates the release of Trade Balance data in April 2025 which is estimated to fall to 2.5 billion US dollars from 4.33 billion US dollars in March 2025.

"This condition is in line with the estimated higher import value growth compared to the export value in April 2025," added Phintraco Sekuritas.

The stocks recommended by Phintraco Sekuritas today are GJTL, RAJA, PGAS, BBNI, and BMRI.