IDX 30 (Indonesia) Technical Analysis

IDX30 Index   472.42  2.07  0.44%   

IDX 30 Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as IDX, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to IDXIDX 30's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
IDX 30 technical index analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, index market cycles, or different charting patterns.
A focus of IDX 30 technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of IDX 30 trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

IDX 30 Jakarta Trend Analysis

Use this graph to draw trend lines for IDX 30 Jakarta. You can use it to identify possible trend reversals for IDX 30 as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual IDX 30 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

IDX 30 Best Fit Change Line

The following chart estimates an ordinary least squares regression model for IDX 30 Jakarta applied against its price change over selected period. The best fit line has a slop of   0.27  , which may suggest that IDX 30 Jakarta market price will keep on failing further. It has 122 observation points and a regression sum of squares at 2723.96, which is the sum of squared deviations for the predicted IDX 30 price change compared to its average price change.

IDX 30 April 25, 2024 Technical Indicators

Most technical analysis of IDX help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for IDX from various momentum indicators to cycle indicators. When you analyze IDX charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.