Modern Technical Analysis of Investment Decisions in IHSG Shares in the Banking Sector in the Midst of Economic Recession Issues

Abstract

This research aims to analyze the trend of IHSG share price movements in the banking sector amidst the issue of the global economic recession on investment decisions. This type of research is descriptive with a qualitative approach using secondary data. The research subjects were 4 banking issuers included in the Top 10 IHSG Fact Sheet Constituents as of September 2023 published by the IDX. The object of the research is graphic data and monthly shares price movement trends for 4 issuers from November 2022 to November 2023. This data is analyzed using a modern technical analysis approach using MACD and RSI indicators via the tradingview.com site. The research results show that in general there is an upward trend in issuers' share prices as evidenced by signals of bullish momentum on the MACD and an overbought situation on the RSI. This provides investors with initial information to make decisions about selling shares in order to obtain optimal returns. The phenomenon of inflation and high interest rates because of the emergence of the issue of economic recession in 2023 will not have a significant impact on the trend of share price movements of banking issuers.