FUNDAMENTAL ANALYSIS AND TECHNICAL ANALYSIS IN INVESTMENT DECISION MAKING

  • Paula Liugita Department of Accounting, Faculty of Bussiness, Maranatha Christian University, Bandung, Indonesia
  • Syafira Salsabilla Department of Accounting, Trisakti University, Jakarta, Indonesia
  • Meythi Meythi Department of Accounting, Maranatha Christian University, Bandung, Indonesia DOI: https://
Keywords: Fundamental Analysis, Technical Analysis, Decision Making, Financial Statement, Stock

Abstract

Investment is the inclusion of a certain amount of money in a way to be able to add value or pass on the right return (Sutha, 2000). This research aims to understand fundamental analysis and technical analysis needed to make investment decisions. The motivation in this study is to find out the price of the stock purchased and analyze the stock using fundamental analysis and technical analysis. The research methods required from this study are secondary data sourced from historical data, income statements and balance sheets from investing.com 2019-2022, technical analysis sourced from weekly reports dated October 23-27, 2023, the RTI Business application to view stock charts, and data sourced from the siminvest application for buying and selling stock on the siminvest application. The samples used for this study are samples of company stocks sourced from the siminvest application, namely BUKA, GOTO, EMTK, and SIDO. The results showed that in the fundamental analysis on EPS, PER, ROE, DER stock BUKA, GOTO, ETMK, and SIDO increased and decreased. ROA on BUKA stock has increased and ROA on GOTO, ETMK, SIDO stocks has increased and decreased. In technical analysis, GOTO's stock selling price suffered a loss and the stock selling price profited. In EMTK and SIDO stocks just bought shares. In BUKA stock obtained stock returns of 0.0294117, 0.01960784, -0.01941474, in GOTO stock, obtained stock returns of 0.015625 and -0.01538461, in EMTK stock obtained returns of -0.009009009 and in SIDO stock experienced returns of 0.

References

Adnyana, I. M., (2020). Manajemen Investasi dan Portofolio. Pejaten: Lembaga Pendidikan Universitas Nasional (LPU-UNAS).

Albahli, S., Nazir, T., Nawaz, M., & Irtaza, A. (2023). An Improved DenseNet Model for Prediction of Stock Market using Stock Technical Indicators. Expert Systems with Applications, 232(November 2021), 1-18, https://doi.org/10.1016/j.eswa.2023.

Almeida, L., & Vieira, E. (2023). Technical Analysis, Fundamental Analysis, and Ichimoku Dynamics: A Bibliometric Analysis. Risks, 11(8), 1-24. https://doi.org/10.3390/risks11080142.

Aminda, Renea Shinta, Diah Yudhawati, Universitas Ibn, and Khaldun Bogor. (2023). “Fundamental and Technical Analysis as The Basis for Share Investment Decision Making.” 6 (1), 91–111.http://ejournal2.uika-bogor.ac.id/index.php/Manager/about

Barroso, B. C., Cardoso, R. T. N., & Melo, M. K. (2021). Performance Analysis of the Integration between Portfolio Optimization and Technical Analysis Strategies in the Brazilian Stock Market. Expert Systems with Applications, 186(August), 1-11, 115687. https://doi.org/10.1016/j.eswa.2021.115687.

Bonga, W. G. (2015). “The Need for Efficient Investment: Fundamental Analysis and Technical Analysis.” SSRN Electronic Journal, no. April, 1–6. https://doi.org/10.2139/ssrn.2593315.

Che Hassan, N., Abdul-Rahman, A., Mohd Amin, S. I., & Ab Hamid, S. N. (2023). Investment Intention and Decision Making: A Systematic Literature Review and Future Research Agenda. Sustainability (Switzerland), 15(5), 1–23. https://doi.org/10.3390/su15053949.

Dăneț, G. (2020). “Insight In The Fundamental Analysis of The Bank Shares” 20 (2), 95–108.

Gao, Y., Wu, J., Feng, Z., Hu, G., Chen, Y., & He, W. (2023). A New BRB Model for Technical Analysis of the Stock Market. Intelligent Systems with Applications, 18(February), 1-10, 200198. https://doi.org/10.1016/j.iswa.2023.200198.

Investing.com."Laporan Laba Rugi." Diakses pada tanggal 27 Oktober 2023. https://www.investing.com/.

Investing.com."Neraca Keuangan." Diakses pada tanggal 27 Oktober 2023. https://www.investing.com/.

Indra Lekso Wibowo Putra, Ardy, Aditya Dwiansyah Putra, Murni Sari Dewi, and Denny Oktavina Radianto. (2019). “Differences in Intrinsic Value with Stock Market Prices using the Price Earning Ratio (PER) Approach as an Investment Decision Making Indicator.” Aptisi Transactions On Technopreneurship (ATT) 1 (1), 94–105.

Isidore, R., & Arun, C. J. (2022). Does the Annual Income Earned Influence the Decision-Making in the Indian Secondary Equity Market? Journal of Business and Economic Studies, 26(1), 63–90. https://doi.org/10.53462/aznz9904.

Jagirdar, S. S., & Gupta, P. K. (2023). Value and Contrarian Investment Strategies: Evidence from Indian Stock Market. Journal of Risk and Financial Management, 16(2), 1–20. https://doi.org/10.3390/jrfm16020113.

Jakpar, Shaharudin, Michael Tinggi, Akmal Hisham Tak, and Wen Yi Chong. (2018). “Fundamental Analysis VS Technical Analysis: The Comparison of Two Analysis in Malaysia Stock Market.” UNIMAS Review of Accounting and Finance 1 (1), 38–61. https://doi.org/10.33736/uraf.1208.2018.

Jayadi, Sumatriani, Syamsuddin, & Marwadi. (2022). “Manajemen Portofolio dan Investasi." Makassar, Yogyakarta : Nas Media Pustaka Anggota IKAPI.

Jogiyanto, (2017). “Teori Portofolio dan Analisis Investasi Edisi Kesebelas”. Yogyakarta:BPFE- Yogyakarta Anggota IKAPI.

Loebiantoro, I. Y., Eaw, H. C., & Annuar, N. (2021). The Existence of Behavioral Biases and Personality Traits in Explaining the Effect of Fundamental and Technical Analysis to Investment Performance in Indonesia Stock Exchange. Jurnal Intelek, 16(1), 190–199. https://doi.org/10.24191/ji.v16i1.380

Meng, Y., Shen, D., & Xiong, X. (2023). When Stock Price Crash Risk Meets Fundamentals. Research in International Business and Finance, 65(38), 1-23, 101975. https://doi.org/10.1016/j.ribaf.2023.101975.

Nuzula Agustin, I. (2019). The Integration of Fundamental and Technical Analysis in Predicting the Stock Price. Jurnal Manajemen Maranatha, 18(2), 93–102. https://journal.maranatha.edu/index.php/jmm

Nuzula, N. F. (2019). The Use of Technical Analysis, Source of Information and Emotion and Its Influence on Investment Decisions. Journal of Behavioral and Experimental Finance, 22, 51–56. https://doi.org/10.1016/j.jbef.2019.02.004.

Ovami, D . C. (2021). “Pasar Modal di Era Revolusi Investasi 4.0.” Medan: Umsu Press.

Salim . J. (2010). “Cara Gampang Bermain Saham”. Ciganjur: Visi Media.

Stiawan . E. (2021). "Modul Laboratorium Pasar Modal Syariah." Bengkulu : CV. Sinar Jaya Berseri.

Tarczynska-Luniewska, M. (2022). Assessment of Portfolio Investment Effectiveness during the Covid-19 Pandemic - Multivariate Fundamental Approach. Procedia Computer Science, 207, 1-11, 4348–4358. https://doi.org/10.1016/j.procs.2022.09.498.

Thian, A., (2021). “How to Make Money in Stocks - Panduan Sukses Berbisnis Saham bagi Pemula.” Yogyakarta : CV Andi OFFSET.

Zhu, Z., Sun, L., & Yung, K. (2020). Fundamental Strength Strategy: The Role of Investor Sentiment versus Limits to Arbitrage. International Review of Financial Analysis, 71(January), 1-15, 101452. https://doi.org/10.1016/j.irfa.2020.101452.

Views:

155

Downloads:

66

Published
2024-03-22
Citations
How to Cite
Paula Liugita, Syafira Salsabilla, & Meythi Meythi. (2024). FUNDAMENTAL ANALYSIS AND TECHNICAL ANALYSIS IN INVESTMENT DECISION MAKING. International Journal of Innovative Technologies in Economy, (1(45). https://doi.org/10.31435/rsglobal_ijite/30122023/8110