BIST 100 Closes with Over 2% Decline
📊 XU100 — Piyasa Yorumu
▼ down · 70%The BIST 100 index closed with a decline of over 2%, falling to the 14,190 level. Although the RSI at 33.6 is approaching oversold territory, it has not yet given a recovery signal. The MACD indicator remains in negative territory and below its signal line, confirming weak momentum. Trading below short-term moving averages (SMA20 and SMA50) suggests that selling pressure may persist. Therefore, the downtrend is expected to continue over the next 1-3 days.
📊 GOOGL — Piyasa Yorumu
▼ down · 60%GOOGL shares could remain under short-term pressure due to the sharp decline in the BIST 100 index. Technically, although the RSI at 45.8 is in neutral territory, the price trading below the 20-day SMA (364.75) signals weakness. The MACD is below the signal line, and a potential bearish crossover indicates negative momentum. However, finding support near the 50-day SMA (358.16) may limit the downside. Negative overall market sentiment could increase selling pressure on GOOGL.