ASELSAN Secures $845 Million New Contract from SSB

ASELSAN's new $845 million contract from the Presidency of Defense Industries (SSB) confirms the company's growth potential and strong position in the defense industry. However, the stock has declined 5.35% in the last 24 hours to 380.25 TL, with the RSI approaching oversold territory at 33.5. Although MACD values remain negative, this positive news could trigger a short-term technical recovery. While trading below SMA20 and SMA50 indicates a downtrend, an upward movement may be expected with the contract news. Still, the market's reaction to the news may be limited, so I maintain an upward expectation with cautious optimism.

ASELSAN's new $845 million contract from the Presidency of Defense Industries (SSB) confirms the company's growth potential and strong position in the defense industry. Technically, the RSI is at 51, in neutral territory, while the MACD, though below the signal line, is hovering near zero. The price is balanced just above the 20- and 50-day moving averages. A short-term upward movement may be expected due to the positive news, but the current technical picture is not in overbought territory, posing a risk of limited upside.