Ak Yatırım Raises Halkbank Target Price to TRY 35, Maintains 'Underperform' Rating

Although Halkbank shares closed nearly 3% higher in the last session, Ak Yatırım's decision to raise its target price to 35 TL while maintaining an 'underperform' rating sends a negative signal. The current price of 40.8 TL is well above the target, increasing the potential for a correction. The RSI at 64.5 is approaching overbought territory, while the MACD is just above the signal line, but momentum may weaken. I believe selling pressure could emerge in the short term.

The XU100 index may follow a sideways trajectory in the short term. The RSI is at 60, indicating neither overbought nor oversold conditions. The MACD remains below its signal line, suggesting weakening momentum. While the news is positive for Halkbank specifically, it may have a limited impact on the broader index. As technical indicators do not signal a clear direction, a neutral stance may be adopted.

As the news is not related to GOOGL, no direct impact is expected. However, technical indicators present a weak outlook: the price is below the 20- and 50-day moving averages, the RSI at 38 is in the sell zone, and the MACD is below the signal line. The short-term downtrend is likely to continue. Still, as the downward momentum is not excessive, a limited pullback may occur.