Forecast of the stock market in the first week of August (infographic) – Tejaratnews
According to Tejarat News, the stock market ended the last week of July 1402 while the price hike of petrochemicals is still bothering the stock market industries. In this way, while the market path was going to stabilize in an upward direction, the government’s marginalizations finally caused the total index to experience a 2.6% weekly drop and the weighted index to experience a 1.6% weekly drop. Also, the balance of inflow and outflow of real money was negative in the last week of July and reached 1,471 billion tomans.
But will the stock market start the month of August in the same way? Which industries will be of interest to traders in the current situation? These are the questions that capital market experts have answered in the weekly Tejaratnews survey.
The highest and lowest yields of stock exchange symbols in the last week of July
The trading of the fourth week of July shows that the Kaita symbol won the title of the most profitable share this week with a 16% growth. The shares of Italran company, which has a P/E above 335, are not technically in a bad situation and are 200 Tomans away from their nearest resistance.
Karam, during this week, the stock market increased by about 15% and reached 708 tomans. The technical analysis of this share shows that the closest support of the share is the level of 514 Tomans.
Walmas, which shined brightly in the past weeks due to its initial supply, increased its value by 13% this week and came closer to its resistance of 279 Tomans.
The title of the worst performance in the fourth week of July was awarded to the shares of Abadgaran Tourism and Welfare Company of Iran. Because Abad reached the level of 9,630 Tomans with a drop of 18%. The technical analysis of this share shows that the most important support for the share is the level of eight thousand and 475 tomans.
Labsa and Ghagolpa each got closer to their support levels of 585 and 5186 tomans with a 14% drop. It should be seen whether these levels have the ability to prevent the continued fall of these two stocks or not?
Read more reports on the capital market page.