Selling Pressure Continues on BIST 100 on Friday, at Critical Level
📊 XU100 — Piyasa Yorumu
▼ down · 60%The news headline indicates that selling pressure continues and we are at a critical level. In technical indicators, the RSI is at 55.68, in neutral territory, while the MACD is positive above the signal line. However, despite the price being above the SMA20 and SMA50, the selling pressure news poses a downside risk in the short term. Therefore, a bearish trend can be expected in the short term, but the confidence level is moderate.
📊 GOOGL — Piyasa Yorumu
▼ down · 70%GOOGL shares have declined 9.77% in the last 24 hours, with the RSI falling to 20.67, indicating oversold conditions. The MACD remains below the signal line and in negative territory, suggesting continued short-term bearish momentum. The stock is trading well below its 20-day and 50-day moving averages. While the headline points to selling pressure in BIST 100, the direct impact on GOOGL may be limited. However, a broader decline in market risk appetite could add further pressure on the stock.