IDX Predicted to Correct at Start of Week; Retail Investors Advised to Watch DEWA, INDY, and ELSA

The Indonesia Composite Index (IHSG) is expected to remain under pressure during Monday’s trading (18/05/2026), driven by increasing external sentiments and selling actions by foreign investors in the domestic market.

Technical analyst at MNC Sekuritas, Herditya Wicaksana, noted that the stock market at the start of the week remains influenced by both global and domestic sentiments. Investors are closely monitoring geopolitical developments in the Middle East, which have the potential to increase uncertainty in global financial markets.

The market is also shadowed by selling pressure and the potential for capital outflow resulting from the global index rebalancing by Morgan Stanley Capital International (MSCI), which was released on Wednesday (13/05/2026).

Consequently, Herditya predicts the IHSG support level to be at 6,682, with resistance positioned at 6,789.

“For Monday, we expect the IHSG remains vulnerable to continuing its correction, with support at 6,682 and resistance at 6,789. Regarding sentiment, we anticipate investors will continue to monitor geopolitical conflicts in the Middle East, selling pressure and outflows from the IHSG due to the MSCI rebalancing, and the Rupiah exchange rate against the US Dollar,” Herditya stated on Sunday night.

Shares of PT Darma Henwa Tbk (DEWA) are expected to move within the price range of Rp 540 to Rp 595. Shares of PT Indika Energy Tbk (INDY) are also worth noting, with projected price movements in the area of Rp 3,160 to Rp 3,440. Additionally, shares of PT Solusi Sinergi Digital Tbk (WIFI) are projected to move within the range of Rp 2,460 to Rp 2,710.