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Journal : Journal of Ekonomics, Finance, and Management Studies

Analisis Teknikal Menggunakan Moving Average (MA), Moving Average Convergence-Divergence (MACD), dan Relative Strength Index (RSI) Untuk Mengoptimalkan Dalam Pengambilan Keputusan Investasi Pada Saham Sektor Manufaktur Index LQ45 BEI Tahun 2022-2023 Saiful Hasan; Siti Nurhasanah; Wahyu Purbo Santoso
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 5 No. 4 (2024): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v5i4.2029

Abstract

This research examines technical stock analysis techniques for six manufacturing sector companies listed on the Indonesia Stock Exchange for the 2022–2023 period, using the Moving Average (MA), Moving Average Convergence and Divergence (MACD) and Relative Strength Index (RSI) indicators. . Astra International Tbk (ASII), PT Indofood Sukses Makmur Tbk (INDF), PT Indofood CBP Sukses Makmur Tbk (ICBP), PT Semen Indonesia Persero Tbk (SMGR), PT Indah Kiat Pulp & Paper Tbk (INKP), and PT Kalbe Farma Tbk (KLBF) are some of them. The analysis was conducted using charts from the stockbit.com website to evaluate the accuracy of signals and the investment performance of these three indicators. The research results indicate that RSI has the highest signal accuracy rate, namely 92%, while MA and MACD have accuracy rates of approximately 58% and 55%, respectively. Despite MACD producing more signals, RSI remains accurate with fewer signals. In terms of return on investment, RSI achieved a total return of 238%, followed by MACD with a total return of 161%, and MA with a total return of 101%. RSI proves to be a reliable indicator by generating positive returns without any negative returns on the studied stocks. In conclusion, RSI is the primary choice in making investment decisions in the manufacturing sector stocks on the Indonesia Stock Exchange due to its accuracy and positive investment returns. However, MA remains useful for trend analysis, and investors are advised to pay attention to the entire stock market, consider additional indicators, and have sufficient understanding of technical analysis. For future research, it is recommended to consider other sectors and a broader range of indicators.
Co-Authors Abdillah Ande Abdul Aziz Almasari Aksenta Alvianita Gunawan Putri Alwi Ari Bona Ane Khoerunisya Annisa Khoiriyah Apandi Apandi Aristo Arsyadona Ary Anggara Asep Firman Asep Sapullah Kamali Asih Farmia Aslan Noor Assifa Salsabila Chaniago Ati Yuniati Atikah Nurhayati Avif Prasetyo Celeste M. Navarro Dede Imtihanudin Dhea Ananda Dimas Tri Nugroho Dwi Pujo Prayitno Eliah, Eliah Eva Fuziah Farid Al Rizky Febi Ratnasari Fenny Saptiani Fenti Sanda Fitri Ramadhaniati Gilang Rifqi Ardhiansyah Hadromi Harfizar, Harfizar Heni Rohaeni Hezekiel Omega Putra Pinem Ine Maulina Jajang Gunawan Jeni Wulandari Juniawan, Surdaya Kenni Roz Kodir, Abdul - Lardin Korawijayanti Linda Linda Lindati Dwiatin M. Sabir Mahdum Ali Matsuri Matsuri Mellisa Dina Novita Cahyadi Meylinda Nur Azizah Mita Andriyani Mohamad Najib Mufdiah Nurriza Muhamad Iip Suhaepi Muhamad Rifansyah Aliyilbuni Muhamad Rifqi febrian Muhammad David Muhammad Dirja Akbar Muhammad Saleh Munawar, Badri Nani Haerani Nida Nuraida Nisa Jamilatullaeliyah Nuri Lathifa Brilianti Nurry ayuningtyas Kusumastuti Oka Solehatul Mufrokah Pustika Ayuning Puri Putri Fauziah Rais Rahmat Nugraha Raisha Salsabila, Raisha Salsabila Rani Febrianni Ratih Anggoro Wilis Ratna Sari Dewi Ratu Dinny Fauziah Reinita Reinita Rianti Rianti Ridho Muhandis Risma Nur Amalia Rizky Jum'at Ramadhan Lubis Roffi Grandiosa Herman Rohmat Nurhidayat Rosi Nuralifah Sahar Fauziyyah Saiful Hasan Sampir Andrean Sukoco Sarifuddin Sepriyadi Adhan S Sirait, Donna Nurhaida Masdiana Siti Dian Mulyanti Siti Hadyatul Muliyah Siti Nurhasanah Siti Silvia Surya Bakti Tomy Saladin Aziz Torkis Lumban Tobing Umi Komalasari Wahyu Pinastia Ningrum Wahyu Purbo Santoso Widyaningrum, Ismi Wiwik Rusdiyanti Wiwit Fetrisia Yoskar Kadarisman Yusuf