Sharp Decline in BIST 100 and Banking Index: Fund Crisis Concerns

XU100 fell 3.76% intraday to 13,370, with RSI at 14.7, in oversold territory. MACD is negative and below the signal line, momentum is weak. Fund crisis concerns in the news could increase selling pressure in the short term. However, oversold conditions may lead to rebound buying; nevertheless, the trend is downward. Downside risk continues for 1-3 days.

The news headline points to a sharp decline in the BIST 100 and banking index and concerns about a fund crisis; this is not directly related to GOOGL, but it could negatively affect global risk appetite. GOOGL's 4% rise in the last 24 hours and RSI at 58 indicate that it is not in overbought territory in the short term. MACD being below the signal line (1.99 < 2.34) suggests weakening momentum. The price is trading above SMA20 and SMA50, indicating that the medium-term trend is still positive. The impact of the news on GOOGL may be limited; however, risk aversion in global markets could pressure the stock. Therefore, I foresee a neutral outlook in the short term.

GARAN stock has declined by 3.76% in the last 24 hours to 123.0 TL, and its RSI14 indicator is at 14.6, placing it in oversold territory. The MACD is negative and below the signal line, confirming downward momentum. The 'fund crisis concern' in the news headline may increase risk perception towards the banking sector and sustain selling pressure in the short term. However, due to oversold conditions and 123 TL being a near support level, reaction buying may be seen. Nevertheless, as the overall outlook is weak, the 1-3 day direction may remain downward.

AKBNK declined over 5% to 66.0 amid a sharp drop in the BIST 100 and banking index. Although the RSI14 indicator at 15.9 signals oversold conditions, MACD remains negative and below its signal line, indicating that downward momentum may persist. The price is trading well below its 20- and 50-day moving averages, confirming a weak short-term trend. With fund crisis concerns combined with news flow, selling pressure is likely to continue over the next 1-3 days. However, oversold conditions could trigger reaction buying; nevertheless, the main direction remains downward.