Technical Analysis Using Moving Average and Stochastic Oscillator Indicators to Determine Buy and Sell Signals of PT. Bank Syariah Indonesia, Tbk (BRIS) in the 2022 Period
Abstract
This study aims to analyze the stock price movements and determine the total capital gain and loss of PT Bank Syariah Indonesia Tbk (BRIS). The research employs a descriptive quanlitative method with time-series data obtained from the Indonesia Stock Exchange (IDX) for the 2022 period. The sampling technique used is purposive sampling with monthly data. The technical analysis applies the Moving Average Convergence Divergence (MACD) and Stochastic Oscillator (SO) indicators through the TradingView platform to identify buy and sell signals. The results show that during 2022, the MACD indicator generated seven buy signals and seven sell signals, while the Stochastic Oscillator produced six buy signals and six sell signals. Using the MACD indicator, a capital gain of 106% and no loss were recorded, while the Stochastic Oscillator yielded a capital gain of 98% with no loss. These findings indicate that both indicators can effectively assist investors in identifying profitable trading opportunities in BRIS stocks.
Keywords: Stock Movement, Capital Gain and Loss, Moving Average Convergence Divergence (MACD), Stochastic Oscillator (SO).
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