Indonesia Stock Market Index (IDX Composite)

The overall recommendation is Buy based on technical indicators and moving averages. An RSI between 30 and 70 is pretty normal, showing a neutral rating. The MACD line is above the signal line which is a bullish hint. The 10-day EMA is above the 20-day EMA which suggests short-term strength. The current price is above the 50-day SMA which is a sign of medium-term strength. The 50-day SMA is above the 200-day SMA, supporting a longer-term positive trend. The ATR is 133.92 which gives a sense of the current price volatility.

BRI Danareksa Sekuritas projects the Indonesian Composite Stock Index (IHSG) to reach 7,300 by the end of 2025. Ciptadana Capital set a year-end 2024 target of 7,493 for the JCI. Korea Investment and Sekuritas Indonesia suggests the JCI could reach 8,150-8,200 if it sustains levels above 7,950-8,000. Morgan Stanley Capital International downgraded Indonesia's stock market rating to underweight in February 2025, citing concerns about the weakening domestic economy. Schroders Investment Management Indonesia anticipates healthy corporate earnings growth in sectors like banking and consumers for 2025, expecting Indonesia to remain resilient among global markets with an estimated 5.2% GDP growth. Allspring Global Investments noted the rupiah could stabilize within months of the new administration taking office. Mandiri Investasi noted the Jakarta Composite Index (JCI) closed May 2024 on a positive note, supported by strong corporate earnings and an optimistic economic outlook. Pilarmas Investindo Sekuritas observed foreign capital outflows in late September 2025, noting concerns about domestic financial stability.