2 important signals for the stock market in 1401
A trade news report, to forecast the stock market today – Saturday, May 20 – we look at the stock market trends in recent days. Wednesday Total Index Exchange After two days, it dropped and went down by 11,047 units. The homogeneous index fell by 5,186 points and the total OTC index fell by 45 points.
Quoted from اکوایرانAt the end of trading on Wednesday, there were 207 symbols of price growth and 416 symbols of price decline, in other words, 33% of the market had price growth and 67% of the market had price decline.
Ascending shares
Wednesday at Exchange Vaspari Mellat Company (Velmelt), Charkheshgar Company (Khachrakhsh) and Rena Investment Company (Verna) recorded the highest price increases. In the OTC market, the Investment and Management Services Company of the State Pension Fund (Management), Zayandehrud Housing Investment Company (Throud) and Dasht-e Khorramdareh Agro-Industrial Company (Zadasht) had the highest price increases.
Descending shares
On the stock exchange, Pars Minoo Company (Ghapino), Salmin Company (Ghassalm), and Kerman Cement Company (Sakrma) had the highest market price decrease on Wednesday, and in OTC trading, Northwest Housing Investment Company (Saghrab), Pharmaceutical Production Company (Detolid) ) And Isfahan Ghiam Agriculture and Livestock Company (Zaqiam) had the highest price reduction.
Market supply and demand
Supply and demand Exchange At the end of trading on Wednesday, it is an efficient signal to forecast supply and demand in the stock market on Saturday. At the end of trading on Wednesday, the market was closed with a demand surplus of 173 billion tomans.
At the end of trading on Wednesday, there were 39 selling queue symbols and the number of buying queue symbols was 26 symbols. Also on this day, the value of the final sales queues of the market decreased by 72% compared to the previous working day and reached 111 billion Tomans. The value of shopping queues also increased by 178% compared to the end of the previous working day and stood at 284 billion tomans.
Demand Shares
Dedana symbol (Dana Pharmaceutical Company) topped the market demand table with a buying queue of 82 billion Tomans. After Dedana, the management symbols (Investment and Management Services Company of the National Pension Fund) and Shepars (Pars International Products Company) had the largest purchase queue.
Most sales queue
Most of the market sales queue at the end of Wednesday trading belonged to Ghadam symbol (Pars Livestock Feed Company), which was worth 34 billion Tomans. After Ghadam, the symbols of Kodma, Sekrd, Floleh and Hasa had the highest sales queue.
Today’s stock forecast
Last week, the index had an increasing trend and climbed more than 30,000 units. The index entered the 1.6 million channel on Tuesday, but fell below this level on Wednesday. On the last working day of the week, the equities index also fell and most of the market symbols were red.
Shepna, Shebander, Shatran, Shasta, Topico, Shabriz, Vaghadir, Foolad, Fakhouz, Parsan, Pars, Rampana, Akhabar and Nouri were the red-clad elders of the stock exchange who had the most decreasing effect on the overall index.
The outflow of real money continued for the second day in a row on Wednesday and 173 billion tomans of real capital left the market. However, at the end of trading on Wednesday, the value of queues was 173 billion tomans more than queues and the market closed with excess demand. The value of the market’s final buying queues increased by 178% compared to Tuesday.
A drop in the index and a return to the channel of 1.6 million units is a negative signal to the stock market. Technical analysts had identified this limit as the resistance level of the index. Some see the decline of the index as a sign of confirmation of this resistance and believe that the index will cross this border. On the other hand, some who are more optimistic believe that the index will pullback and will decline in the medium term.
Another group believes that inflation expectations will continue to increase prices, and especially before the meetings, the upward trend will be. Currency price growth is another variable that sends a bullish signal to a part of the market and can raise the stock price of the index symbols.