What Technical Screeners Are Available for Indonesian Stocks on Pluang?
Pluang offers eight Technical Screeners that filter Indonesian stocks by price-action patterns rather than company financials: 52-Week High, 52-Week Low, RSI Overbought, RSI Strong Momentum (Not Yet Overbought), Oversold Stocks (Potential Reversal), Golden Cross, Trend-Following Screener, and Volume Breakout. Each uses a standard charting indicator — RSI, moving averages, ADX, or trading volume — to flag a specific setup, and several use stricter thresholds than the textbook default: Pluang's RSI Overbought screener triggers at RSI above 75 rather than the conventional 70, for a stricter, higher-confidence signal. Volume Breakout, in particular, needs a careful read: it flags any stock trading at 2× its 20-day average volume, which can mean genuine news or a catalyst, but can equally mean "saham gorengan" — coordinated trading with no fundamental support — and the screener itself cannot distinguish between the two causes.
The eight Technical Screeners and their criteria:
| Screener | Criteria | What it shows |
|---|---|---|
| 52-Week High | Current price within 5% of 52-week high (rolling) | Stocks near their 1-year peak — potential momentum or breakout |
| 52-Week Low | Current price within 5% of 52-week low (rolling) | Stocks near their 1-year trough — potential value or further weakness |
| RSI Overbought | RSI > 75 | Stocks where momentum may have run too hot — possible pullback ahead |
| RSI Strong Momentum (Not Yet Overbought) | RSI 50–70 | Stocks with positive momentum that still have room before overbought |
| Oversold Stocks (Potential Reversal) | RSI < 30 AND price near support levels | Stocks where momentum may have been pushed too low — possible bounce |
| Golden Cross | 50-day MA crosses above 200-day MA AND RSI > 50 | Classic bullish technical setup |
| Trend-Following Screener | 20-day MA > 50-day MA > 200-day MA AND ADX > 25 | Stocks in a confirmed, strong uptrend |
| Volume Breakout | Today's volume ≥ 2× the 20-day average volume | Unusual trading volume — possible news, catalyst, or "saham gorengan" activity |
On "saham gorengan": the Volume Breakout screener flags both genuine catalysts (earnings surprises, news, institutional interest) and "saham gorengan" — Indonesian retail-trader slang for small-cap stocks moved largely by coordinated trading rather than fundamentals. Treat a Volume Breakout match as a prompt to investigate the cause, not as a buy signal. Don't know what RSI, moving averages, or ADX mean in plain language? See the Technical Screener indicators FAQ for a full breakdown.
Related questions:
Q: What's the difference between RSI Overbought and RSI Strong Momentum?
RSI Overbought (above 75) flags stocks that may have rallied too hard and could be due for a pullback. RSI Strong Momentum (50–70) instead catches stocks with healthy, ongoing momentum that still has room to run before reaching overbought territory — the two screeners are designed to sit on opposite ends of the same indicator.
Q: Is a Golden Cross always a reliable buy signal?
No. Historically, a Golden Cross has been associated with bullish continuation, but it's a lagging indicator — by the time the 50-day moving average crosses above the 200-day, the trend has typically already been underway for some time, and it does not guarantee future gains.
Q: Does Volume Breakout only surface pump-and-dump stocks?
No. The screener flags any stock whose volume today is at least 2× its 20-day average, and that can just as easily be caused by earnings news, M&A activity, or sector rotation as by coordinated trading. Investigate the specific cause behind the spike before treating it as either a red flag or an opportunity.
Q: Do Technical Screeners refresh in real time?
Partially. Live price, 1D % change, and intraday indicators like RSI and today's volume update continuously during market hours. Moving averages and the 52-week high/low figures, however, only roll forward once at market close, so those specific criteria won't shift again until the next trading day.