BIST 100 Gains 25.4% in First Half of the Year

BIST 100’s robust 25.4% gain in the first half of the year is enhancing investor confidence. XU100’s latest close sits above both the 20‑day and 50‑day moving averages, signaling a short‑term bullish trend. The MACD is well above its signal line, indicating that momentum is likely to persist. With an RSI around 63—outside the overbought zone—the likelihood of breaching short‑term resistance levels remains high. A modest uptick could materialize within 1‑3 days, though volatility should be closely monitored.

GOOGL stock has risen 5.9% in the last 24 hours, with its RSI approaching overbought territory at 65.6. While the MACD shows a positive outlook above the signal line, some profit-taking or sideways movement may occur in the short term depending on the pace of the rally. Since the news headline is related to BIST 100, no direct impact on GOOGL is expected. Although technical indicators point to a strong uptrend, I foresee a neutral short-term outlook due to overbought signals and the irrelevance of the news.