Gedik Investment Expects 24% Decline in Banks' Q2 Net Profit

GOOGL shares experienced a sharp decline of 9.7% in the last trading session, with the RSI falling to 20.8, entering oversold territory. MACD values remain negative and below the signal line, confirming weak momentum. The stock is trading well below its 20- and 50-day moving averages, indicating a weak technical outlook. Although the news headline focuses on the banking sector, this could be interpreted as a macro signal that may negatively impact overall market sentiment. While short-term oversold conditions may trigger a brief buying rebound, the primary trend remains bearish.

The news contains a negative profit outlook for the banking sector, which could put pressure on GARAN stock. Technical indicators also point to weakness: RSI is at 48 in the neutral-to-bearish zone, MACD is below zero and hovering near the signal line. The price has closed below the 20- and 50-day moving averages, indicating negative short-term momentum. The 0.71% decline in the last 24 hours confirms continued selling pressure. However, the downside may be limited as the stock has recently been finding support at the TRY 125 level.

The news includes a negative profit outlook for the banking sector, which could put pressure on AKBNK stock. Technical indicators show RSI at 54, neutral, while MACD is below zero but above the signal line, indicating weak momentum. The price is trading just above the 20- and 50-day moving averages, but if these levels fail to provide strong support, selling pressure may increase. In the short term, expectations of declining profits could undermine investor confidence and trigger a downward move.

ISCTR stock could come under short-term pressure due to expectations of a profit decline in the banking sector. Technical indicators also point to weakness; the RSI is near the oversold zone at 42, and while the MACD is below zero and above its signal line, momentum remains weak. The price is trading below the 20-day and 50-day moving averages, confirming a downtrend. Selling pressure may persist following the news, potentially dragging the stock below the 13 TL level. However, it should be noted that the decline could be limited.