JCI At The Beginning Of The Week Is Predicted To Move In The Range Of 7,980-8,000, Check Out Stock Recommendations

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is predicted to strengthen again this week. Phintraco Sekuritas in its research projected that the JCI this week will move in the range of 8,000 resistance, 7,900 pivots, and 7,800 support.

Phintraco Sekuritas explained that last week the index on the Wall Street exchange closed higher, although last Friday's trading closed in a variety. BPI data and the weakening initial claim increased expectations of the Fed's lower interest rate at this week's meeting, although CPI data were slightly higher than estimated.

The Michigan Index Consumer Sentiment September 2025 fell to 55.4 from 58.2 in August 2025. This is the lowest level in the last four months," wrote Phintraco Sekuritas.

This week, Phintraco Sekuritas added, the focus of market attention is the monetary policy decisions of several central banks in the world, amid conditions of economic uncertainty, debt and trade. According to the consensus, the Fed at a September 16-17 meeting US time will lower interest rates by 25 bps to 4.04-4.25 percent from 4.25-4.50 percent.

The Fed will also deliver economic projections. The Bank of Japan, Bank of England and Bank of Canada will also discuss their respective monetary policies this week.

Domestically, Phintraco Sekuritas added, the RDG Bank Indonesia 16-17 September is expected to keep the BI Rate at a level of 5 percent. Meanwhile US and Chinese officials are scheduled to resume trading negotiations in Madrid this week.

Technically, Phintraco Sekuritas added, the Stochastic RSI indicator indicates that the reversal and negative slope MACD is starting to narrow. JCI is also closed above the MA20 level.

"It is estimated that the JCI this week has the opportunity to continue strengthening and test the level of 7,980-8,000," added Phintraco Sekuritas.

The stocks recommended by Phintraco Sekuritas today are INCO, BMRI, TINS, KRAS, CLEO and BRIS.