JAKARTA - The Composite Stock Price Index (JCI) has the potential to move consolidatively in today's trading, Monday, December 15, after last weekend closed up 0.46 percent to 8,660.50.
Phintraco Sekuritas in its research said that the strengthening of the JCI on Friday, December 12, occurred in tandem with the rebound of the JCI after correcting in the previous trading due to profit-taking.
Technically, Phintraco Sekuritas assessed that the widening of the negative histogram on the MACD indicator shows that there is still pressure, even though the weakening of the Stochastic RSI has begun to decline and is approaching the oversold area. The JCI is also still below the five-day moving average (MA5).
"With this condition, the JCI is expected to consolidate in the range of 8,550 to 8,700 this week," explained Phintraco Sekuritas.
Meanwhile, the level of support for the JCI is estimated at 8,550, with a pivot at 8,600 and resistance in the 8,700 area.
In terms of sentiment, market participants will pay attention to a number of important agendas in the coming week. Externally, investors are looking forward to the release of the US nonfarm payrolls data for October and November on December 16, 2025, which was previously delayed due to the government shutdown. Labor market data is the Federal Reserve's main concern in determining the direction of interest rate policy.
Meanwhile, from within the country, investor focus is on the results of the Bank Indonesia Board of Governors (RDG) Meeting and banking credit growth data which is scheduled to be released on December 17, 2025.
Positive sentiment also came from Asia. The majority of stock indices on Asian exchanges closed higher on Friday's trading, in line with China's annual economic planning meeting which confirmed policy support to maintain economic growth next year, including efforts to increase consumption, stabilize the property sector, and strengthen technological capabilities as a medium-term priority.
Phintraco Sekuritas recommends investors to pay attention to stocks in the commodity and energy sectors that have the potential to benefit from global sentiment and commodity price movements.
A number of stocks that can be observed today include INDY, BRPT, TINS, MEDC, INKP, and MDKA.
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