IHSG Projected to Move Sideways Today, Energy Stocks as the Driver, Watch PGAS, ELSA, ADRO
JAKARTA - The movement of the Composite Stock Price Index (IHSG) is projected to remain volatile with a tendency towards sideways trading in the range of 7,450–7,550 during Tuesday’s session (14/4/2026), with the energy sector serving as the main driver that investors should monitor.
The IHSG previously closed up 0.56 percent at 7,500.187 on Monday’s trading. Capital market analyst and Founder of Republik Investor, Hendra Wardana, assessed that the index’s direction in the short term remains limited, influenced by high global oil prices and unresolved geopolitical conflicts in the Middle East.
“The direction of the IHSG’s movement in the short term is expected to remain volatile with a sideways tendency in the range of 7,450 to 7,550. As long as oil prices remain high and geopolitical conflicts have not subsided, the energy sector has the potential to remain the leading sector supporting the index’s movement,” said Hendra.
In this condition, retail investors are advised to capitalise on momentum in energy-based stocks, while prioritising disciplined risk management.
PT Elnusa Tbk (ELSA) is also considered attractive as an energy services stock, with an entry area at Rp 760–Rp 780, target at Rp 805, and support at Rp 740. This stock tends to move aggressively when the energy sector strengthens.
From other sectors, PT Super Bank Indonesia Tbk (SUPA) can be considered with a buy strategy in the range of Rp 920–Rp 950, target at Rp 985, and support at Rp 900, suitable for investors seeking more stable movements.
Meanwhile, PT Gozco Plantations Tbk (GZCO) is an option with a higher risk profile, with entry at Rp 220–Rp 230, target at Rp 246, and support at Rp 210, thus requiring high discipline in risk management.
In addition, PT Eagle High Plantations Tbk (BWPT) is recommended with support at Rp 126 and resistance at Rp 156, as well as PT Trimegah Bangun Persada Tbk (NCIL) with support at Rp 855 and resistance at Rp 1,085.