Stock market forecast for Tuesday, April 22, 1402 / the subsidence of emotions in the stock market – Tejaratnews
According to Tejarat News, on Monday, at the beginning of the trading flow, more than 85% of the symbols had begun to fluctuate in the positive direction of the range; However, in the middle of the trading hours, the page turned. Accordingly, the main index of the Glass Hall faced a decrease of 22 thousand and 332 units, which is equivalent to 1.01% of this index, and ended its work at a height of two million and 190 thousand units.
It should be mentioned that the biggest selling pressure was brought to the market in the last 20 minutes of trading, and in these minutes the supply was followed with a higher intensity. The equal-weighted total index moved at a slower pace in the direction of the total index and reached the level of 687 thousand 575 units with a slight drop of 0.05 percent.
Record-breaking retail value
The board of the Tehran Stock Exchange shows the value of Monday’s transactions at 126,155 million tomans. Also, the value of small transactions (stocks + mutual funds) in today’s market was 19 thousand 563 billion Tomans. Statistically, this amount of the value of the transactions is at the top of the value of the transactions compared to all the trading days since the beginning of 1401.
An important point that lies in the increase in the value of transactions on a negative day of the capital market is the emergence of signs of shares being transferred from one hand to another, and the recognition of the profits of previous shareholders and the entry of new shareholders into the symbols. Experts believe that the upward trend of transaction value during correction is a good sign for the health of the upward trend.
In the meantime, the investigation of the ownership statistics of real people indicates the withdrawal of real people’s capital from stocks. The index of capital inflow and outflow at the end of the stock market on Monday reports the outflow of 1,109 billion tomans from the stock market. Meanwhile, during the first two days of this week, the market witnessed a significant influx of real money.
Stock forecast for Tuesday
Monday’s market was in the hands of sellers. However, the value and volume of transactions promised that the stock market is on the right track; In addition, it was previously predicted that after the continuous growth and Sharpy of the total index, a temporary correction would be reasonable.
Based on this, stock market observers believe that even if the market traditionally faces a decline on the last trading day of the week, it does not mean that the market is returning to a bearish period, because signs such as the improvement in the value and volume of transactions and their persistence for several days at the levels The above paints a positive outlook.
At the same time, the challenge of the automobile group, which had been intensifying since last year, was finally over and the price increase was announced. On the other hand, major changes and other indicators are not seen in the macroeconomic environment and news about market companies. Inflation as a driver of the stock market is still bullish. The dollar is still fluctuating at the same level as the beginning of the year and has not seen any particular change.
Accordingly, it seems that if stock market traders stay away from excitement and emotional buying and selling, the market will continue a logical trend. Especially, with stagnation in markets such as the dollar and the stock market, it will wait for the arrival of new money.
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