Google Hit with Double Blow in Europe: €1.7 Billion Compensation and €4.1 Billion Fine Upheld

The news imposes a significant penalty and compensation burden on Google totaling €5.8 billion in Europe. This could create short-term negative pressure on the company's stock performance. Although the RSI at 58 indicates a neutral zone in technical indicators, the MACD has fallen below the signal line, weakening momentum. While the price remains just above the 20-day moving average, such news typically increases selling pressure. However, since a large portion of the penalties may already be known, the decline could be limited.

The news involves a significant penalty and compensation ruling against Google. This could increase regulatory pressure in the technology sector and negatively impact companies reliant on advertising revenue, such as SNAP. Technically, the RSI is near overbought territory at 68, and the 10.6% rise over the past 24 hours raises the likelihood of a short-term correction. Although the MACD is positive, there are signs of weakening momentum. Therefore, a downward movement can be expected in the short term.

This news will be perceived as a strong signal of increasing regulatory pressure on major technology companies. In the short term, selling pressure may be observed, particularly in the Nasdaq and tech-heavy indices. In Turkey, while the direct impact on the BIST 100 is expected to be limited, there could be indirect negative effects due to reduced risk appetite in emerging markets. Investors may increasingly tend to avoid sectors with high regulatory risk.

The news announces a decision that imposes significant financial liabilities on Google in Europe. This could create a negative perception of the company's short-term profitability and its stock. Technical indicators present a neutral-to-positive picture; the RSI at 56 is not in overbought territory, and while the MACD remains below the signal line, it is in positive territory. The price is trading above the 20- and 50-day moving averages. However, the uncertainty created by the news and potential selling pressure could trigger a downward move in the short term. Therefore, I make a prediction with moderate confidence in a bearish direction.