Technical Analysis of Movement of 2017 JII Index Stocks, International Journals of Business, Accounting and Managament

TECHNICAL ANALYSIS OF MOVEMENT OF 2017 JII INDEX STOCKS USING FIBONACCI RETRACEMENT, STOCHASTIC OSCILLATOR AND RSI INDICATORS

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Arnanda Ajisaputra, Nurtjahja Juniarsa

Abstract : The purpose of this research is to analyze the movement of JII during 2017 and recommend stocks that are worth buying and selling during 2017. The aims of this study to provide information for traders to be able to predict the actions of entry and exit in 2018. Research methods used technical analysis based on The Dow Theory in the form of descriptive analysis using data through purposive sampling technique. This study uses data analysis techniques in the form of trendline analysis, Fibonacci Retracement using the Fuzzy Logic function, and indicators analysis of the Stochastic Oscillator and Relative Strength Index (RSI). The outputs of this study are recommendations of indexed issuers from JII in 2017 that were eligible to be purchased by a total of 18 Issuers and 29 eligible ones for sale. It is suggested to the next researcher to conduct research in a longer time and conduct further research with a form of predictive research based on the information and data of this study.

Keywords: stocks, Jakarta Islamic Index (JII), issuers, Fibonacci Rertracement, Stochastic Oscillator, Relative Strength Index (RSI)

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