Stock market forecast for Tuesday, November 16, 1402 / Has the 6-month downward trend of the Tehran Stock Exchange ended?
According to Tejarat News, after only 6 working days, the total index managed to regain its two million unit superchannel on Sunday. At the end of the trading period of the middle day of the week, the favorable growth of the index brought this index within 20 thousand units of the height before the start of the war. But why is today’s growth of the market considered favorable, despite its slowdown compared to the early days of the week?
In the stock market forecast report on Monday, November 15, it was mentioned that after two days of high demand in a row, the market will probably face a balance and an increase in supply. During Monday’s trading, the increase in supply was evident. But what made the growth of 14,000 units the main indicator of the favorable glass hall, was the possibility of the market having a negative day. Therefore, the market of the middle day of the week drew a promising perspective in the minds of the shareholders from the second half of the week.
At the end of trading on Monday, the main thermometer of the glass hall with a growth of 0.7%, equivalent to 14 thousand 137 units from the height of this index, managed to reach the level of 2 million 30 thousand 871 units.
The increase in the height of the main indicator of the glass hall happened while the equal weight index, which indicates the general price trend of small and medium-sized companies, registered a parallel performance. The equal weight index also increased by 0.87 percent, equivalent to 5,916 units, and reached a height of 684,000 units.
The overall OTC index, which reflects the general level of the stock prices of the companies present in the OTC, also reached 24,721 units with a growth of 0.61 percent, equivalent to 151 points from the height of this index.
Tehran Stock Exchange in the mirror of statistics
The board of the Tehran Stock Exchange showed the value of retail transactions (stocks, preemptive rights and mutual funds) on Monday at 4,469 billion tomans. Placing the transaction value in the channel of four thousand billion tomans is still not enough to move towards the dynamics of the market. In general, until the evaluation index of the Tehran Stock Exchange cannot be stabilized in the ranges above five hemats, from the perspective of reading the board, the confirmation of the long-term growth of the market has not been issued. But this issue is not against the volatility of stocks in the short and medium term.
The board of Tehran Stock Exchange shows the trading volume of 7.1 billion shares in the middle of the week. Experts believe that the more the trading volume reaches higher levels in the current ranges of the total index, the clearer the vision of the new wave of the total index will be drawn in the minds of the shareholders. Because the arrival of fresh shareholders makes the way up smoother.
Also, checking the ownership statistics of real people on this day indicates the entry of real capital into the stock market. The index of capital inflows and outflows at the end of the stock exchange on Monday reports the inflow of 76 billion tomans into stocks, pre-emptive rights and mutual funds.
Stock forecast for Tuesday
There are always a group of traders and investors left behind from the beginning of the market growth. After a few days and proving the trend change, these people start buying and may suffer negative stock fluctuations most of the time. In such times, understanding the dynamic nature of the market and staying away from emotions (FOMO) helps people a lot. In the current situation, it is important to consider two points; First, the growth potential of the market as a whole and the continuation of this growth in the short term, and the second point, being aware of the fact that some stocks that have had a smaller impact on the main capital market index, have experienced more negative fluctuations and therefore are likely to have a larger return. .
On the day when the market was expected to be in a rest phase after the two demanding days at the beginning of the week, Monday’s trading ended with a greenish trend. Therefore, it seems that the positive days of the market will continue until the end of the week. The continued growth of the market has lit the light of hope for the end of the downward trend of the market that started in the middle of May.
Therefore, we can hope that until the last three and a half months of the year, unlike the last six months, it will inject positive returns into the shareholders’ portfolios.
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