Google Raises Subscription Prices in Turkey by Up to 75%
📊 GOOGL — Piyasa Yorumu
▼ down · 60%Google's high-rate price hike on subscription prices in Turkey may create a negative perception on the stock in the short term. Technical indicators also support this view; the price is below the 50-day moving average and the MACD is in negative territory. Although the RSI is at a neutral level, the downward trend over the last 24 hours and the impact of the news could increase selling pressure. However, the possibility that the price hikes could positively reflect on the company's revenues may keep the decline limited. Therefore, the direction is downward, but I do not have a strong expectation.
📊 GOOG — Piyasa Yorumu
▼ down · 55%Google's substantial price increase for subscriptions in Turkey could create mild negative pressure on the stock in the short term. Technical indicators support this outlook; the price is below the 50-day moving average and the MACD is in negative territory. However, the RSI is at a neutral level and the price is near the 20-day average, suggesting that the decline may be limited. Since the news is more of a local price adjustment, its impact on global investors may be limited. Therefore, the direction is downward, but the confidence level is moderate.