stock market forecast for Tuesday, June 9, 1402 / activation of pressure levers on the stock market
According to Tejarat News, the total index of Tehran Stock Exchange had decreased by more than 88 thousand points during the first two days of this week. On the third day of the week, however, the page turned and the market indicator was able to compensate at least 18 thousand units of this loss.
The equal weight index was also in line with the total index, during the two days of Saturday and Sunday, and during this period, it retreated more than 38,000 units. On Monday, the equal-weighted index continued to follow the total index, and in this way, it was able to experience more than eight thousand units of growth.
The shadow of excitement in small and medium symbols
The noteworthy point in the market trend and the behavior of indices is the greater acceleration of the equal-weighted index compared to the total index, in both downward and upward directions. Based on this, it seems that part of the paleness of small and medium market symbols – which the equal weight index – represents their situation, has non-fundamental reasons.
Factors such as the excitement of traders, the return of project developers to the market, and the planning of some surfers to enter and exit the share, strengthened the correction process of the stock market during the first two days of this week.
Although the relative excitement of the market and looking at the fall of the total index caused the sale of small and medium stocks during the down days, but as mentioned, the emotional behavior and the following of the equal weight index from the total stock market index can also be seen in the up days.
On Monday, the equal-weighted index followed the overall index of the stock market and recorded an upward trend and even an increase over the stock market index. It should be noted that just as it is necessary for traders to observe and study the condition of emotional sales, they should take refuge in analysis during the purchase and avoid emotional and mass buying in the stock market.
Stock forecast for Tuesday
As mentioned, the stock market these days revolves around the weight of small and medium stocks. Meanwhile, the excitement in these shares is high both on the selling side and on the buying side. Accordingly, it is expected that the same trend will continue in small and medium symbols on Tuesday.
In the meantime, what has currently affected the course of the stock market is the uncertainty of the economic policies affecting the market. The conflict between the government and the parliament over the exchange rate, the uncertainty in the price of the remittance dollar, the government’s policies in the car market, the lack of a clear perspective in international relations, and the fluctuations in the dollar price are among the factors that have put the stock market on a tortuous path. .
Based on this, it is predicted that the stock market will continue to suffer from the two problems of uncertainty in economic policies and excitement, and based on this, the power of analysis in the market will weaken day by day. In this way, we must again witness emotional behavior in the stock market.
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