Layoffs Surge in Big Tech Companies

The news headline highlights increasing layoffs at major technology companies, creating a negative sentiment across the sector. MSFT shares have declined 2.8% in the last 24 hours, with the RSI at 47.9 approaching the lower end of the neutral zone, signaling weakening momentum. The MACD line is below the signal line and in negative territory, suggesting that short-term bearish momentum may continue. Although the price remains just above its 20-day moving average (413.69), it is below the 50-day average (419.31), indicating broader weakness. The short-term downtrend is expected to persist.

Layoffs at major technology companies indicate a slowdown in sector growth and cost-cutting measures. This could reduce global risk appetite, creating selling pressure on tech stocks. In Turkish markets, a similar sentiment may lead to short-term declines in the BIST 100, particularly in tech-heavy stocks. However, the impact may be limited by positive news in other sectors.

The NDX is approaching overbought territory with an RSI of 69, increasing the likelihood of a short-term correction. While the MACD remains bullish, it suggests that momentum may be peaking. Layoff news from major technology companies could trigger concerns over cost pressures and slowing growth in the sector. Profit-taking may occur following the 2.46% rise in the last 24 hours. Upside potential appears limited in the short term, but a sharp decline is not expected.