Several analysts estimate that the movement of the IHSG today still carries the risk of further correction while also providing leading stock recommendations for trading on Tuesday (19/5/2026).

The IHSG came under pressure during Monday’s (18/5/2026) trading session after declining by 1.85 percent, or 124.07 points, to close at 6,599.24.

According to data from RTI Business, as many as 616 stocks ended in negative territory, while only 125 stocks managed to post gains. Total transaction value reached Rp20.70 trillion, with market capitalization decreasing to Rp11,562.86 trillion.

Across the regional market, several Asian stock indices also weakened. China’s SSE Composite and Japan’s Nikkei 225 recorded declines of 0.09 percent and 0.97 percent, respectively. Meanwhile, Singapore’s STI managed to strengthen by 0.15 percent to 4,996.75.

The research team at MNC Sekuritas estimated that the IHSG is currently still moving within wave [v] of wave A of wave (2) under the black label scenario.

“This indicates that the IHSG remains vulnerable to continuing its correction toward the 6,307–6,379 range,” MNC Sekuritas wrote in its report on Tuesday (19/5/2026).

Analysts estimate that the IHSG support levels are located at 6,270 and 6,148, while resistance levels are projected at 6,640 and 6,745.

MNC Sekuritas also recommended investors consider a buy on weakness strategy for shares of ADMR, ARCI, BNBR, and INKP.

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