OYAK to Sell 10% Stake in Hektaş

OYAK's sale of its 10% stake in Hektaş could be perceived as a major shareholder exit, potentially creating selling pressure in the short term. Technically, the RSI at 73.5 is in overbought territory, raising questions about the sustainability of the rally. The MACD has just crossed below its signal line, indicating weakening momentum. The sharp 17.6% rise in the last 24 hours could turn into profit-taking on the news. A short-term bearish trend is expected, but confidence is moderate as the full impact of the news will become clearer at market open.

The share sale in Hektas may be perceived as a negative signal for OYAKC in the short term. Technical indicators already present a weak outlook; although the RSI at 36 is approaching oversold territory, momentum remains negative. The MACD line is below the signal line and continues its downward trajectory, suggesting that selling pressure could persist. The price is trading below both the 20-day and 50-day moving averages, confirming a weak short-term trend. The 4.4% decline over the past 24 hours may have partially reflected the impact of the sale news, but additional selling pressure could still emerge.