{"ticker": {"uuid": "8c5cf1ee-e7a5-46e5-b97a-9a5e5c1e1f06", "symbol": "EMAS", "name": "PT Merdeka Gold Resources Tbk", "exchange": "JKT", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "EMAS closed the latest completed week at 6,975 IDR. The 4-week return is -11.7% and the 12-week return is -26.6%. Trend Signal is active, Market Dynamics is -0.68.", "description": "PT Merdeka Gold Resources Tbk engages in gold mining and associated minerals, processing, and other related business activities in Indonesia. The company owns 100% interest in the Pani Gold Mine located on Mount Pani, Village Hulawa, Pohuwato Regency, Gorontalo Province, Sulawesi Island. The company was formerly known as PT Pani Bersama Jaya. PT Merdeka Gold Resources Tbk was founded in 2015 and is based in Jakarta Selatan, Indonesia. PT Merdeka Gold Resources Tbk operates as a subsidiary of PT Merdeka Copper Gold Tbk.", "setup_signature": "Risk-first tape", "composite_score": "25", "kpis": [{"label": "Latest Close", "value": "6,975 IDR", "hint": "2026-06-12"}, {"label": "1W Return", "value": "-5.7%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "-11.7%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-26.6%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "23.7%", "hint": "9 of 38 weeks active"}, {"label": "Volume Ratio", "value": "1.3x", "hint": "vs 13-week average"}], "classification": {"exchange": "JKT", "country": "ID", "sector": "Basic Materials", "industry": "Gold", "currency": "IDR", "market_cap": "114904.7B"}, "price": {"trend_line": "6,942 IDR", "fair_value": "6,360 IDR", "vs_trend": "0.5%", "vs_fair_value": "9.7%", "high_52": "10,175 IDR", "low_52": "3,100 IDR", "drawdown": "-31.4%", "range_position": "54.8%"}, "momentum": {"returns": [{"label": "1W", "value": -5.743243243243244, "value_label": "-5.7%", "tone": "negative", "width": 16.409266409266408}, {"label": "4W", "value": -11.708860759493671, "value_label": "-11.7%", "tone": "negative", "width": 33.45388788426763}, {"label": "12W", "value": -26.57894736842105, "value_label": "-26.6%", "tone": "negative", "width": 75.93984962406014}, {"label": "26W", "value": 41.76829268292683, "value_label": "41.8%", "tone": "positive", "width": 100}, {"label": "52W", "value": null, "value_label": "-", "tone": "neutral", "width": 0}], "trend_streak": 9, "active_weeks": 9, "active_breadth": "23.7%", "peer": {"scope": "ID Basic Materials", "count": 83, "rank": 79, "percentile": 4.878048780487809, "avg_weekly_return": 6.8363595164841975}}, "setup": {"scores": [{"label": "Trend", "value": 44.18016194331984, "value_label": "44", "width": 44.18016194331984, "tone": "neutral", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 3.342406890209567, "value_label": "3", "width": 4, "tone": "negative", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 50.0, "value_label": "50", "width": 50.0, "tone": "neutral", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 53.62205090479996, "value_label": "54", "width": 53.62205090479996, "tone": "neutral", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": 5.379746835443038, "return_label": "5.4%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 44.83122362869199}, {"week": "6 Mar", "return": -3.303303303303303, "return_label": "-3.3%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 27.527527527527525}, {"week": "13 Mar", "return": -4.3478260869565215, "return_label": "-4.3%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 36.231884057971016}, {"week": "20 Mar", "return": 23.376623376623375, "return_label": "23.4%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 100}, {"week": "27 Mar", "return": -10.526315789473683, "return_label": "-10.5%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 87.71929824561403}, {"week": "3 Apr", "return": -3.5294117647058822, "return_label": "-3.5%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 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false, "positive_rs": false}, {"id": 49529, "symbol": "ANTM", "name": "PT Antam (Persero) Tbk", "exchange": "JKT", "url": "/terminal/9d6aff39-f11d-428a-9b9e-9e212cd59c6f/report/", "weekly_return": 3.6363636363636362, "weekly_return_label": "3.6%", "weekly_return_tone": "positive", "four_week_return": -18.571428571428573, "four_week_return_label": "-18.6%", "four_week_return_tone": "negative", "twelve_week_return": -24.0, "twelve_week_return_label": "-24.0%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": true}, {"id": 49542, "symbol": "ARCI", "name": "PT Archi Indonesia Tbk", "exchange": "JKT", "url": "/terminal/9e790a22-9aa6-4eb8-8244-75deed4d53d9/report/", "weekly_return": -3.9408866995073892, "weekly_return_label": "-3.9%", "weekly_return_tone": "negative", "four_week_return": -29.64810312377597, "four_week_return_label": "-29.6%", "four_week_return_tone": "negative", "twelve_week_return": -38.002388701196686, "twelve_week_return_label": "-38.0%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": true}]}}, "dynamics": {"market_dynamics": "-0.68", "market_dynamics_tone": "negative", "md_4_change": "-430.6%", "relative_strength": "-", "rs_4_change": "-", "expectation": "Undecided", "expectation_probability": "48.84%"}, "volume": {"latest": "136.8M", "average_13": "107.1M", "average_52": "184.9M", "ratio_13": "1.3x", "ratio_52": "0.7x"}, "risk": {"volatility_13": "9.3%", "volatility_52": "10.8%", "downside_weeks": 19, "upside_weeks": 18, "downside_breadth": "51.4%", "average_gain": "10.6%", "average_loss": "-5.1%"}, "signals": [{"label": "Trend Signal", "value": "Active", "tone": "positive"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "0.5%", "tone": "positive"}, {"label": "Volume", "value": "1.3x", "tone": "neutral"}], "opportunities": ["Trend Signal is active with a 9-week active streak.", "Price is above the Trend Line, keeping the weekly tape constructive.", "Price is above Fair Value, showing premium demand versus the model."], "risks": ["Market Dynamics is negative, which weakens the current setup.", "The share remains more than 20% below its 52-week high.", "The latest week was a sharp negative move.", "Latest weekly return ranks in the weaker part of its sector group."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "6,975 IDR", "weekly_return": -5.743243243243244, "weekly_return_label": "-5.7%", "weekly_return_tone": "negative", "trend_line": "6,942 IDR", "fair_value": "6,360 IDR", "market_dynamics": "-0.68", "relative_strength": "-", "volume": "136.8M", "trend_signal": "On"}, {"week": "2026-06-05", "close": "7,400 IDR", 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