Koç Holding and Temel Ticaret Sell Shares in Tüpraş Worth TRY 6.16 Billion

News indicates that Koç Holding and Temel Ticaret have sold a significant stake in Tüpraş, which could create selling pressure on the stock. Technical indicators also present a weak outlook: RSI at 45.8 is in neutral territory, but MACD is negative and below its signal line, pointing to downward momentum. The price has closed below the 20-day and 50-day moving averages, indicating a weakening short-term trend. The share sale news reinforces the existing technical weakness and could increase the downward bias over the next 1-3 days. However, since the sold amount relative to market value is limited, the impact is expected to be moderate.

The news indicates that Koç Holding and Temel Ticaret have sold a significant number of shares in Tüpraş, which could create supply pressure and negatively impact the stock in the short term. Technical indicators support this outlook, with the price trading below the 20-day moving average and the RSI at 43, reflecting weak momentum. The MACD line is below the signal line and approaching negative territory, suggesting that the short-term downtrend may continue. However, the price is near the 50-day moving average (393.35), which could act as support and limit selling pressure if tested. Therefore, our bearish expectation is expressed with moderate confidence.

Although the news pertains to Tupras shares traded on Borsa Istanbul, no direct impact is expected for GOOGL. However, GOOGL's technical indicators are weak: RSI at 34.9 is near oversold territory, MACD is negative and below the signal line, and the price is below both the 20-day and 50-day moving averages. A 1.6% decline over the last 24 hours suggests that short-term pressure may continue. If the news headline reduces risk appetite across the market, GOOGL could be modestly affected by this selling wave. Therefore, the likelihood of downward movement in the short term appears higher.