Fitch: Profitability of Turkish banks weakens, margin pressure to persist

Fitch's statement that the weakening in Turkish banks' profitability and margin pressure will persist is negative news for AKBNK. Technical indicators also support this view: the RSI at 35 is near oversold territory but has not yet signaled a recovery, and the MACD line is below the signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages, indicating short-term weakness. The 0.23% decline in the last 24 hours also shows continued selling pressure. Therefore, a continued downward movement can be expected in the short term.

Fitch's statement that Turkish banks' profitability has weakened and margin pressure will persist could create negative sentiment for GARAN stock in the short term. Although the RSI is at 55.7, indicating a neutral zone in technical indicators, the MACD remains below the signal line, and momentum has weakened. While the stock is trading just above its 20-day moving average (127.83), staying above the 50-day moving average (126.39) may limit the downside. However, the negative perception created by the news could increase selling pressure in the short term and cause the stock to test the 127 TL support level.

Fitch's negative assessment of Turkish banks' profitability could create pressure on ISCTR shares. Technical indicators also point to weakness: RSI is at 35, near the oversold zone, while MACD is trading negatively below the signal line. The price is trading below both the 20-day and 50-day moving averages. In the short term, the likelihood of a continued downtrend is high, but since the stock has not entered the oversold territory, buying on dips may remain limited.

Fitch's statement that Turkish banks' profitability has weakened and margin pressure will continue creates a negative signal for HALKB stock. Technical indicators show the RSI just below the 50 level and the MACD remaining below its signal line, indicating weak momentum in the short term. Although the stock price is trying to stay above the 20-day moving average, it is trading below the 50-day moving average. Therefore, a downward movement can be expected in the next 1-3 days.