technical correction

Technical Correction

A temporary decline in a stock's price after a series of extremely high gains. If a stock is overbought, its price often become unsustainably high and a technical correction brings it back to a level that ideally reflects its true value.

technical correction

A temporary downturn in the price of a stock or in the market itself following a period of extensive price increases. A technical correction takes place in a generally increasing market when there is no particular reason that the increases should be interrupted other than the fact that investors have temporarily slowed securities purchases.
References in periodicals archive ?
So, it's fair to say that the domestic stock market is experiencing a technical correction.
The technical correction package delayed the start date for this provision (initially 2018) to income years beginning in 2021.
The much awaited technical correction has arrived as investors become more cautious buyers and search for more tangible reasons to justify the current market level," Noel Medina, research and finance analyst at HDI Securities Inc.
Malaysian palm oil futures rose on Thursday after five consecutive sessions of declines on technical correction and support from overnight gains in Chicago Board of Trade (CBOT) soyoil.
In addition, the MPs also adopted the proposed amendments to the Law on the Financial Consolidation of Enterprises in the Federation of BiH, the Law on Determining and Exercising Claims for Citizens in the Privatization Procedure, concerning the technical correction of the said laws.
The bulls are seen to take a break this week on technical correction while the shortened trading period this Lenten week will put some domestic players on holiday mode.
KARACHI -- The gold prices witnessed technical correction on future output outlook in the international and domestic market following a decline of around $30 per ounce in international market.
Summary: Pakistani stocks ended lower on Monday in what dealers said was a technical correction after the index posted hefty gains over the past weeks.
will keep the market from a severe decline, even in the technical correction, but the level in 1415 will continue to be a key point.
Since last many sessions of market had witnessed bullish trend and the technical correction was due which was seen in the local stock", he added.
Bills sponsored by two Ohio legislators Senator Sherrod Brown (D OH) and Representative Jean Schmidt (R OH-2nd)--making a technical correction to the U.
Analysts said the recovery was a technical correction and a rally is unlikely to get under way because economic indicators from manufacturing and auto sales to investment have fallen as the government winds down stimulus.
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