Journal of Economics, Law, and Humanities
Vol. 4 No. 2 (2025): Economics, Law, and Humanities

Bullish and Bearish Strategies Based on Technical Analisys: MACD, RSI, and SO JII30 2025

Miftahul Huda (Universitas Darussalam Gontor)
Mufti Afif (Universitas Darussalam Gontor)
Ahmad Suminto (Postgradute Program UIN Sayyid Ali Rahmatullah Tulungagung)
Amelia Putri Arizka Zaharani (Universitas Darussalam Gontor)



Article Info

Publish Date
24 Oct 2025

Abstract

The purpose of this study is to enhance public literacy in the use of Islamic investment applications to prevent fraud and minimize losses in stock trading. Along with global technology advancement, trading activities have become more effective and efficient, requiring individuals to be financially literate in managing their assets. One productive financial management strategy is investment in the Islamic capital market, which allows funds to grow without violating Sharia principles such as gharar and maisir. This study employs a descriptive qualitative method by analyzing time series data over six months, from January to June 2025. The data were analyzed using three technical indicators: Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Stochastic Oscillator (SO), to determine bullish and bearish positions in stock trading. The findings indicate that using a single technical indicator is ineffective in providing accurate buy and sell signals. In contrast, combining all three indicators proves to be more effective in improving the accuracy of technical analysis and supporting investment decisions that comply with Sharia principles. This research is expected to serve as a reference for novice investors to understand the importance of financial literacy and the application of technical analysis in Islamic stock investments.

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Journal Info

Abbrev

jelhum

Publisher

Subject

Religion Humanities Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences

Description

Journal of Economics, Law, and Humanities, published by Islamic Economics and Islamic Family Law Departments, Postgraduate of State Islamic Departments Institute (IAIN) Ponorogo since 2022. The subject covers various perspectives of Islamic economics, legal drafting and Islamic family law, Islam and ...