PENGARUH FIBONACCI RETRACEMENT TERHADAP RETURN SAHAM BANK DIGITAL

Mediaty Mediaty; Abdul Hamid Habbe; Hamzah Fansyuri Nur; Awi Kurniawan; Uswatun Hasanah; Indah Putriyanti

doi:10.31959/jm.v14i3.3171

Authors

Mediaty Mediaty Universitas Hasanuddin Makassar
Abdul Hamid Habbe Universitas Hasanuddin Makassar
Hamzah Fansyuri Nur Universitas Hasanuddin Makassar
Awi Kurniawan Universitas Hasanuddin Makassar
Uswatun Hasanah Universitas Hasanuddin
Indah Putriyanti Universitas Hasanuddin Makassar

DOI:

https://doi.org/10.31959/jm.v14i3.3171

Abstract

Introduction: The purpose of this research is to find out whether the Fibonacci Retracement influences stock returns using Fibonacci ratios in banking sector companies
Methods: This study employs a quantitative methodology, utilizing a sample of digital bank companies listed on the Kompas 100 index for the 2022 period.
Results: The results of this study indicate that the effect of the Fibonacci retracement on stock returns is insignificant, with an independent variable value of 1 > 0.01 and a VIF value of 1 < 10. So it can be concluded that the Fibonacci retracement has no comfort with stock returns.

Keywords: (Fibonacci Retracement, Support, Resistance, Return).