The Effectiveness of Technical Trading Strategy in Facing Phenomenon Sell in May on LQ45 Index Stocks
Journal Title: Journal of Economics, Finance and Management Studies - Year 2025, Vol 8, Issue 01
Abstract
The Sell in May phenomenon is a concept where stock prices in the market decline, not reflecting the actual conditions. This phenomenon has occurred in the last 3 years on the Indonesia Stock Exchange during the month of May. This research aims to analyze the impact of the Sell in May phenomenon on the Indonesia Stock Exchange LQ45 Index. This research is a type of descriptive study with a quantitative approach. The sampling method used purposive sampling 16 companies from the LQ45 Index during the research period. The research results prove that the sell in May phenomenon occurred 6 times out of the 10 periods studied. 4 out of the 6 occurrences of the sell in May phenomenon were dominated by the energy sector companies whose stocks performed poorly or negatively. The Parabolic Stop and Reverse technical strategy outperformed Simple Moving Average, Relative Strength Index, and Bollinger Band technical strategies.
Authors and Affiliations
Edvin Pratana , Umi Muawanah , Oyong Lisa , Sri Hastuti ,
Keywords
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- EP ID EP755175
- DOI 10.47191/jefms/v8-i1-35
- Views 67
- Downloads 0
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