Stock Analyst Says IHSG Oversold, Rebound Potential Open

The Composite Stock Price Index (IHSG) corrected by 6.61% in last week’s trading, closing at the level of 7,129.49 on Friday, 24 April 2026. Equity Analyst at PT Indo Premier Sekuritas (IPOT), Brigita Kinari, assessed that the IHSG has entered oversold territory or reached a point that is already too cheap.

“This condition opens up opportunities for a short-term technical rebound, although the room for strengthening is predicted to be limited given the short-term trend structure that remains in a bearish phase,” said Brigita in an official statement on Monday, 27 April 2026.

She mentioned that the market’s focus is now on testing the crucial support in the range of 7,100-7,150. However, if that level fails to hold, the IHSG has the potential to weaken further in the area of 7,022-7,080.

Brigita said that without de-escalation of the Middle East conflict, the market is beginning to anticipate potential supply tightening that could keep energy prices high. This condition risks holding back the global inflation decline and ultimately limiting the room for monetary policy easing in the short term.

Currently, said Brigita, global conditions are encouraging investors to revert to a risk-off stance. In the short term, fund flows could shift to safe haven assets such as the US dollar, as well as energy commodities as hedging instruments.

Meanwhile, domestically, there are two main catalysts developing, namely the realisation of non-subsidised fuel price adjustments and significant pressure on the rupiah exchange rate, which hit a record low (all-time low) at Rp 17,315 per US dollar.

“Looking ahead, the effectiveness of policy responses, particularly in curbing rupiah volatility without sacrificing growth momentum, will be key in determining the direction of domestic market sentiment and the sustainability of foreign fund flows,” said Brigita.