Selling Pressure on Borsa Istanbul Extends to Second Day: BIST 100 Losses Reach 4%

The BIST 100 index is under heavy selling pressure for the second consecutive day, with daily losses reaching 4.7%. The RSI has fallen to 13, indicating an oversold territory; this could typically trigger short-term buying reactions but does not confirm a trend reversal. The MACD is negative and below the signal line, and the price is significantly below the 20 and 50-day moving averages. The news headline confirms the current downtrend; panic selling increases downside risk in the short term. However, due to oversold conditions, a volatile course and technical reaction may be seen within 1-3 days; therefore, although the direction is downward, I maintain a moderate confidence coefficient.

AKBNK is under heavy selling pressure, in line with the 4% decline in the BIST 100, and its last close at 66.35 shows a daily loss of 4.6%. Although RSI14 at 16.9 is in oversold territory, this does not mean the decline is over; strong negative momentum may continue. MACD is below its signal line and negative, and the price is significantly below its SMA20 (71.32) and SMA50 (72.56) averages; the short-term trend is downward. The news headline confirms the ongoing market-wide selling pressure, creating additional downside risk for the stock. Nevertheless, due to oversold conditions, reaction buying may be seen, so the 1-3 day outlook is downward but volatility is high.

GARAN stock fell 4.5% in the last 24 hours, moving in line with the general selling pressure on the BIST 100. The RSI14 value is at 12.97, in oversold territory, suggesting that short-term rebound buying may occur. However, MACD is negative and below the signal line. The price is well below the SMA20 and SMA50, indicating a strong downtrend. The news headline states that selling pressure has carried into the second day, suggesting that negative momentum may continue. Nevertheless, due to oversold conditions, a volatile course or limited rebound buying may be seen in the short term rather than a sharp decline.

ISCTR declined 4.7% to 12.73 amid broad selling pressure on the BIST 100. Although RSI14 is at 18, in oversold territory, MACD remains below its signal line and in negative territory, indicating that downward momentum has not yet weakened. The price is trading significantly below its 20- and 50-day moving averages; the short-term trend is downward. The continuation of the selling pressure from the news headline into a second day signals that risk appetite remains weak. While oversold conditions may prompt reaction buying, the 1-3 day outlook suggests continued downside risk.