GOLD JKT Week ended 31 Jul 2026

Weekly Investor Report

PT Merdeka Gold Resources Tbk · Communication Services · Telecom Services

Latest close 262.0 IDR
-8.4% latest week
Weekly setup

Mixed setup

The weekly trend is not active. Price is -7.4% below the Trend Line and sits at 17.0% of its 52-week range. The latest completed week returned -8.4%, after a 8.3% four-week move. The latest news-sentiment score is 51/100.

Setup score 49 out of 100
Latest Close 262.0 IDR 31 Jul 2026
1W Return -8.4% latest completed week
4W Return 8.3% short-term follow-through
12W Return -8.4% quarterly tape
Trend Breadth 46.2% 24 of 52 weeks active
Volume Ratio 2.0x vs 13-week average
What is working
  • Activity pressure is positive on the latest completed week.
  • Volume is elevated versus the 13-week average, confirming attention.
What could go wrong
  • The trend backdrop is inactive, so price action has not confirmed a constructive regime.
  • Price is below the Trend Line, which keeps downside pressure in focus.
  • Price is below Fair Value, so the market is still discounting the latest tape.
  • Activity pressure is weak, so confirmation is not yet broad enough.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is not active. Price is -7.4% below the Trend Line and sits at 17.0% of its 52-week range. The latest completed week returned -8.4%, after a 8.3% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 2.0x the 13-week average. Participation is unusually strong and confirms that the move is attracting attention.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul 31 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.0412-week average 0.04

12-week confirmation

Trend active0/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure1/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership12/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.04Current proprietary activity-pressure read.
Buy signals1Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers

No recent accumulation markers. No reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is 8.3% over four weeks, -8.4% over 12 weeks, and 6.5% over one year. The current trend has remained active for 0 consecutive weeks.

Performance by holding period

1W-8.4%
4W8.3%
12W-8.4%
26W-17.1%
52W6.5%
Active trend streak0 weeks
Active weeks in one year24
Trend breadth46.2%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure0.23Latest activity-pressure read.
Pressure change136.6%Four-week change in activity pressure.
Leadership10.18Latest relative-leadership reading.
RS change1.2%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

A published fundamentals and factor snapshot is not available for this company.

Open full factor analysis

No published fundamental snapshot is available for this company.

05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Insider activity-

No recent insider transactions are stored for this company.

News sentiment51/100

Weighted news tone is neutral across 15 relevant articles.

1 positive · 14 neutral · 0 negative
Patient CapitalFresh

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

Fresh buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-38.8%Distance below the 52-week high.
13-week volatility6.6%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher12 of 2613 weeks finished lower.
Best week+11.6%Week of 19 Jun.
Worst week-8.6%Week of 22 May.
Latest week-8.4%Week of 31 Jul.

Shape of recent returns

Strong gains4
Modest gains8
Flat weeks1
Modest losses7
Sharp losses6
Recent vol6.6%13-week weekly-return volatility.
Base vol5.7%52-week weekly-return volatility.
Up/down split25/24Count of positive and negative weeks in the 52-week window.
Average skew4.5% / -4.1%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
31 Jul 2026262.0 IDR-8.4%282.9 IDR291.6 IDR0.2310.182.5MOff
24 Jul 2026286.0 IDR9.2%285.5 IDR292.5 IDR-0.0921.625.1MOff
17 Jul 2026262.0 IDR7.4%287.1 IDR293.0 IDR-0.4812.523.5MOff
10 Jul 2026244.0 IDR0.8%289.7 IDR293.8 IDR-0.589.71274.1KOff
3 Jul 2026242.0 IDR-2.4%292.8 IDR294.6 IDR-0.6310.06420.1KOff
26 Jun 2026248.0 IDR-8.1%295.3 IDR295.4 IDR-0.7612.74915.0KOff
19 Jun 2026270.0 IDR11.6%296.9 IDR296.1 IDR-0.9017.6272.2KOff
12 Jun 2026242.0 IDR0.8%298.1 IDR296.8 IDR-1.148.9016.8KOff
5 Jun 2026240.0 IDR-7.7%300.3 IDR297.6 IDR-1.0216.2392.6KOff
29 May 2026260.0 IDR1.6%302.0 IDR298.4 IDR-0.7515.4457.5KOff
22 May 2026256.0 IDR-8.6%303.2 IDR299.2 IDR-0.7213.39386.1KOff
15 May 2026280.0 IDR-2.1%304.9 IDR299.8 IDR-0.6814.10142.5KOff
8 May 2026286.0 IDR2.1%306.7 IDR300.4 IDR-0.8012.832.3MOff
1 May 2026280.0 IDR-2.1%306.1 IDR300.8 IDR-1.0310.90718.8KOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.