Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2022)

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Bollinger Band (BB) Profitability: Evidence from Mining Stocks Listed on Indonesia Stock Exchange (IDX)

Authors
Yola Rahmadani1, *, Dina Patrisia1
1Universitas Negeri Padang, Padang, Indonesia
*Corresponding author. Email: yolaramadani2020@gmail.com
Corresponding Author
Yola Rahmadani
Available Online 16 September 2025.
DOI
10.2991/978-94-6463-839-4_123How to use a DOI?
Keywords
Dow Theory; Signaling Theory; Random Walk Theory; Efficient Market; Technical Analysis; Bollinger Band
Abstract

We examine the analysis of the Bollinger Band (BB) indicator to beat the market using mining stocks listed on the IDX for the 2019–2023 period. We used 15 research samples and collected the data through investing.com soft- ware. After that, the data analysis technique uses the event study method that considers events or events (buy and sell signals). The results show that when the price touches the lower band, investors can go long to beat the market, which shows a positive and significant abnormal return. Conversely, when the stock price touches the lower band, it is better for investors to take a buy posi- tion rather than sell, the reason is because AR and CAR are positive and signifi- cant. Therefore, the BB analysis indicator is appropriate to use when the price touches the lower band. Conversely, the BB analysis indicator is not appropriate when the price touches the upper band.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
16 September 2025
ISBN
978-94-6463-839-4
ISSN
2352-5428
DOI
10.2991/978-94-6463-839-4_123How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yola Rahmadani
AU  - Dina Patrisia
PY  - 2025
DA  - 2025/09/16
TI  - Bollinger Band (BB) Profitability: Evidence from Mining Stocks Listed on Indonesia Stock Exchange (IDX)
BT  - Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2022)
PB  - Atlantis Press
SP  - 1556
EP  - 1565
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-839-4_123
DO  - 10.2991/978-94-6463-839-4_123
ID  - Rahmadani2025
ER  -