Banking Index Falls 3%, Borsa Istanbul Hits 2-Month Low
📊 GOOGL — Piyasa Yorumu
▼ down · 60%The headline reflects a negative market sentiment, driven by a sharp decline in the banking index and the bourse falling to its lowest level in two months. Although GOOGL shares rose 4.8% in the last 24 hours, the RSI at 55 indicates a neutral zone, and the price closed below the 50-day moving average (334.96). While the MACD remains above zero, the signal line is negative, suggesting weak upward momentum. The overall market pressure and weakness in technical indicators support a short-term bearish trend.
📊 XU100 — Piyasa Yorumu
▼ down · 70%The XU100 index fell to its lowest level in two months, driven by a sharp decline in the banking index. Despite the RSI at 26.4 indicating oversold conditions, the MACD remains negative and below its signal line, suggesting that downward pressure could persist in the short term. The price is trading below both the 20-day and 50-day moving averages, further weakening the technical outlook. With no short-term recovery signals emerging, the downtrend is expected to continue.