HSBC Downgrades Hermes Stock

HSBC's reduction of its own shares could be interpreted as a negative internal signal, potentially creating selling pressure in the short term. Although the RSI at 63 remains in neutral territory, the MACD line trending below the signal line indicates weakening momentum. While the stock attempts to stay above the 20-day moving average, this level may be tested due to the news impact. A short-term bearish bias is expected, but the decline is not anticipated to be severe, with support at 95.95 TL likely to be defended.