Analisis Fundamental dan Teknikal terhadap Harga Saham pada Perusahaan Utilitas dan Transportasi
Abstract
The purpose of this research is to known if fundamental and technical analysis could affect the price of stock. Furthermore each of analysis have several factor to determine the stock price, as for fundamental analysis we will use current ratio, DER, and ROA while for the technical analysis we will use IHSG and trading volume. From the population of 69 company we pick 18 sample that suit the analysis, for the regression it will use multiply 5 because of the independent variabel. According to the partial research, there are only two factor that have significant impact to the price of stock, it is DER And ROA, as for the rest of the factor it don’t really affect the price. Simultaneously the five variabel shown the effect to the stock price according to result of adjused r square amount of 29.1% . From the variation of stock price according to the variabel such as CR, DER , ROA. IHSG and trading volume, while the rest 70.9% affected by other factor such as company asset turnover, price earning ratio and price book value.
Keywords: Current Ratio; Debt to Equity Ratio; IDX Composite; Return On Asset; Stock Price; Trading Volume.
Downloads
Download data is not yet available.
References
Alam, S., Miah, M. R., & Karim, M. A. (2016). Analysis on Factors that Affect Stock Prices: A Study on Listed Cement Companies at Dhaka Stock Exchange. Research Journal of Finance and Accounting, Vol 7(No 18), ISSN 2222–2847. http://iiste.org/Journals/index.php/RJFA/article/viewFile/33297/34195
Alipudin, A., & Oktaviani, R. (2016). Pengaruh Eps, Roe, Roa Dan Der Terhadap Harga Saham Pada Perusahaan Sub Sektor Semen Yang Terdaftar Di Bei. JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 2(1), 1–22. https://doi.org/10.34204/jiafe.v2i1.521
Amrah, R. Y., & Elwisam. (2018). Pengaruh Current Ratio, Return on Assets, Debt To Equity Ratio Dan Total Assets Turnover Terhadap Harga Saham Pada Perusahaan Lq45 Tahun 2013-2015. Jurnal Ilmu Manajemen Oikonomia, 14(1), 46–62.
Arifannisa, W., & Nugraha, A. A. (2017). Pengaruh Faktor-Faktor Fundamental dan Faktor-Faktor Teknikal Terhadap Harga Saham (Studi Empiris pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia Periode 2013-2015). 298–309.
Astuty, P. (2017). The influence of fundamental factors and systematic risk to stock prices on companies listed in the Indonesian stock exchange. European Research Studies Journal, 20(4), 230–240. https://doi.org/10.35808/ersj/830
Baresa, S., Bogdan, S., & Ivanovic, Z. (2013). Strategy Of Stock Valuation By Fundamental Analysis. STRATEGY OF STOCK VALUATION BY FUNDAMENTAL ANALYSIS, 4(1), 45–51.
Chiah, M., & Zhong, A. (2020). Trading from home: The impact of COVID-19 on trading volume around the world. Finance Research Letters, 37(September), 101784. https://doi.org/10.1016/j.frl.2020.101784
Fitri, R. R., Hosen, M. N., & Muhari, S. (2016). Analysis of Factors that Impact Dividend Payout Ratio on Listed Companies at Jakarta Islamic Index. International Journal of Academic Research in Accounting, Finance and Management Sciences, 6(2), 87–92. https://doi.org/10.6007/ijarafms/v6-i2/2074
Ghobadi, M., & Abdolbaghi, A. (2014). Profitability Of Technical Analysis Indicators To Earn Abnormal Returns In International Exchange Markets. International Scientific Journal Theoritical & Applied Science, 19(11), 20–26. https://doi.org/http://dx.doi.org/10.15863/TAS.2014.11.19.5
Gibson, C. H. (2009). Financial Reporting & Analysis (J. W. Calhoun, Ed.; 11th ed.). South-Western Cengage Learning.
Harsono, A. R., & Wonokinasih, S. (2018). Pengaruh Inflasi, Suku Bunga, Dan Nilai Tukar Rupiah Terhadap INdeks Harga Saham Gabungan (Studi pada Bursa Efek Indonesia Periode 2013-2017). Jurnal Administrasi Bisnis, 60(2), 102–110.
Ilmiyono, A. F. (2019). The Effect of ROE , ROA and EPS toward Stock Prices in Companie sub Sektor Construction and Buildings Listed in Exchange Indonesia Effect ( IDX ). International Journal of Latest Engineering and Management Research (IJLEMR), 04(08), 24–35.
Jusuf, J. (2016). Analisis Kredit untuk Account Officer. PT. Gramedia Pustaka Utama.
Komala, L. A. P., & Nugroho, P. I. (2013). The Effects of Profitability Ratio, Liquidity, and Debt towards Investment Return. Journal of Business and Economics, 4(11), 1176–1186. http://www.academicstar.us
Moein Aldin, M., Dehghan Dehnavi, H., & Entezari, S. (2012). Evaluating the Employment of Technical Indicators in Predicting Stock Price Index Variations Using Artificial Neural Networks (Case Study: Tehran Stock Exchange). International Journal of Business and Management, 7(15), 25–34. https://doi.org/10.5539/ijbm.v7n15p25
Nasution, Z. L., Sulistyo, & Halim, A. (2016). Pengaruh Volume Perdagangan Saham, Frekuensi Perdagangan Saham, Volatilitas Harga Saham, Dan Kapitalsiasi Pasar Terhadap Return Saham Perusahaan Makananan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia. Journal Riset Mahasiswa, 4(2), 1–28.
Priliyastuti, N., & Stella, S. (2017). Pengaruh Current Ratio, Debt To Asset, Debt To Equity, Return on Assets dan Price Earnings Ratio terhadap Harga Saham. Jurnal Bisnis Dan Akuntansi, 19(5), 320–324.
Purnamawati, I. G. A. (2016). The effect of capital structure and profitability on stock price (Study of the manufacturing sector in Indonesia Stock Exchange). International Journal of Business, Economics and Law, 9(1), 10–16. https://www.ijbel.com/wp-content/uploads/2016/05/K9_52.pdf
Rambe, H. M. F., Gunawan, A., Julita, Parlindungan, R., & Gultom, D. K. (2015). Manajemen Keuangan. Citapustaka Media.
Rehman, M. Z., Khan, M. N., & Khokhar, I. (2015). Investigating Liquidity-Profitability Relationship : Evidence from Companies Listed in Saudi Stock Exchange (Tadawul). Journal of Applied Finance & Banking, 5(3), 159–173.
Samsuar, T., & Akramunnas. (2017). Pengaruh Faktor Fundamental Dan Teknikal Terhadap Harga Saham Industri Perhotelan Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Ekonomi, Keuangan Dan Perbankan Syariah, 1(1), 116–131. http://library1.nida.ac.th/termpaper6/sd/2554/19755.pdf
Sudana, I. M. (2015). Manajemen Keuangan Perusahaan : Teori & Praktik. Erlangga.
Sunday, & Small, S. (2012). Liquidity Management and Corporate Profitability: Case Study of Selected Manufacturing Companies Listed on the Nigerian Stock Exchange. Business Management Dynamics, 2(2), 10–25. www.bmdynamics.com
Suresh, M. R. (2013). A Study on Fundamental and Technical Analysis. International Journal of Marketing, Financial Services & Management Research, 2(5), 44–59. www.indianresearchjournals.com
Thapa, K. B. (2019). Influencing Factors of Stock Price in Nepal. NCC Journal, 4(1), 113–120. https://doi.org/10.3126/nccj.v4i1.24744
Alipudin, A., & Oktaviani, R. (2016). Pengaruh Eps, Roe, Roa Dan Der Terhadap Harga Saham Pada Perusahaan Sub Sektor Semen Yang Terdaftar Di Bei. JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 2(1), 1–22. https://doi.org/10.34204/jiafe.v2i1.521
Amrah, R. Y., & Elwisam. (2018). Pengaruh Current Ratio, Return on Assets, Debt To Equity Ratio Dan Total Assets Turnover Terhadap Harga Saham Pada Perusahaan Lq45 Tahun 2013-2015. Jurnal Ilmu Manajemen Oikonomia, 14(1), 46–62.
Arifannisa, W., & Nugraha, A. A. (2017). Pengaruh Faktor-Faktor Fundamental dan Faktor-Faktor Teknikal Terhadap Harga Saham (Studi Empiris pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia Periode 2013-2015). 298–309.
Astuty, P. (2017). The influence of fundamental factors and systematic risk to stock prices on companies listed in the Indonesian stock exchange. European Research Studies Journal, 20(4), 230–240. https://doi.org/10.35808/ersj/830
Baresa, S., Bogdan, S., & Ivanovic, Z. (2013). Strategy Of Stock Valuation By Fundamental Analysis. STRATEGY OF STOCK VALUATION BY FUNDAMENTAL ANALYSIS, 4(1), 45–51.
Chiah, M., & Zhong, A. (2020). Trading from home: The impact of COVID-19 on trading volume around the world. Finance Research Letters, 37(September), 101784. https://doi.org/10.1016/j.frl.2020.101784
Fitri, R. R., Hosen, M. N., & Muhari, S. (2016). Analysis of Factors that Impact Dividend Payout Ratio on Listed Companies at Jakarta Islamic Index. International Journal of Academic Research in Accounting, Finance and Management Sciences, 6(2), 87–92. https://doi.org/10.6007/ijarafms/v6-i2/2074
Ghobadi, M., & Abdolbaghi, A. (2014). Profitability Of Technical Analysis Indicators To Earn Abnormal Returns In International Exchange Markets. International Scientific Journal Theoritical & Applied Science, 19(11), 20–26. https://doi.org/http://dx.doi.org/10.15863/TAS.2014.11.19.5
Gibson, C. H. (2009). Financial Reporting & Analysis (J. W. Calhoun, Ed.; 11th ed.). South-Western Cengage Learning.
Harsono, A. R., & Wonokinasih, S. (2018). Pengaruh Inflasi, Suku Bunga, Dan Nilai Tukar Rupiah Terhadap INdeks Harga Saham Gabungan (Studi pada Bursa Efek Indonesia Periode 2013-2017). Jurnal Administrasi Bisnis, 60(2), 102–110.
Ilmiyono, A. F. (2019). The Effect of ROE , ROA and EPS toward Stock Prices in Companie sub Sektor Construction and Buildings Listed in Exchange Indonesia Effect ( IDX ). International Journal of Latest Engineering and Management Research (IJLEMR), 04(08), 24–35.
Jusuf, J. (2016). Analisis Kredit untuk Account Officer. PT. Gramedia Pustaka Utama.
Komala, L. A. P., & Nugroho, P. I. (2013). The Effects of Profitability Ratio, Liquidity, and Debt towards Investment Return. Journal of Business and Economics, 4(11), 1176–1186. http://www.academicstar.us
Moein Aldin, M., Dehghan Dehnavi, H., & Entezari, S. (2012). Evaluating the Employment of Technical Indicators in Predicting Stock Price Index Variations Using Artificial Neural Networks (Case Study: Tehran Stock Exchange). International Journal of Business and Management, 7(15), 25–34. https://doi.org/10.5539/ijbm.v7n15p25
Nasution, Z. L., Sulistyo, & Halim, A. (2016). Pengaruh Volume Perdagangan Saham, Frekuensi Perdagangan Saham, Volatilitas Harga Saham, Dan Kapitalsiasi Pasar Terhadap Return Saham Perusahaan Makananan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia. Journal Riset Mahasiswa, 4(2), 1–28.
Priliyastuti, N., & Stella, S. (2017). Pengaruh Current Ratio, Debt To Asset, Debt To Equity, Return on Assets dan Price Earnings Ratio terhadap Harga Saham. Jurnal Bisnis Dan Akuntansi, 19(5), 320–324.
Purnamawati, I. G. A. (2016). The effect of capital structure and profitability on stock price (Study of the manufacturing sector in Indonesia Stock Exchange). International Journal of Business, Economics and Law, 9(1), 10–16. https://www.ijbel.com/wp-content/uploads/2016/05/K9_52.pdf
Rambe, H. M. F., Gunawan, A., Julita, Parlindungan, R., & Gultom, D. K. (2015). Manajemen Keuangan. Citapustaka Media.
Rehman, M. Z., Khan, M. N., & Khokhar, I. (2015). Investigating Liquidity-Profitability Relationship : Evidence from Companies Listed in Saudi Stock Exchange (Tadawul). Journal of Applied Finance & Banking, 5(3), 159–173.
Samsuar, T., & Akramunnas. (2017). Pengaruh Faktor Fundamental Dan Teknikal Terhadap Harga Saham Industri Perhotelan Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Ekonomi, Keuangan Dan Perbankan Syariah, 1(1), 116–131. http://library1.nida.ac.th/termpaper6/sd/2554/19755.pdf
Sudana, I. M. (2015). Manajemen Keuangan Perusahaan : Teori & Praktik. Erlangga.
Sunday, & Small, S. (2012). Liquidity Management and Corporate Profitability: Case Study of Selected Manufacturing Companies Listed on the Nigerian Stock Exchange. Business Management Dynamics, 2(2), 10–25. www.bmdynamics.com
Suresh, M. R. (2013). A Study on Fundamental and Technical Analysis. International Journal of Marketing, Financial Services & Management Research, 2(5), 44–59. www.indianresearchjournals.com
Thapa, K. B. (2019). Influencing Factors of Stock Price in Nepal. NCC Journal, 4(1), 113–120. https://doi.org/10.3126/nccj.v4i1.24744
Published
2021-02-22
How to Cite
CHRISTINA, Christina et al.
Analisis Fundamental dan Teknikal terhadap Harga Saham pada Perusahaan Utilitas dan Transportasi.
E-Jurnal Akuntansi, [S.l.], v. 31, n. 2, p. 499-512, feb. 2021.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/67533>. Date accessed: 23 nov. 2024.
doi: https://doi.org/10.24843/EJA.2021.v31.i02.p19.
Issue
Section
Artikel
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
