Sharp Sell-Off in BIST 100 Ahead of Fed Decision: Loss Exceeds 4 Percent

The BIST 100 index fell sharply by over 4% ahead of the Fed decision, dropping to 13,221.7. With an RSI of 12.5, it is in oversold territory, and the MACD is below its signal line in negative territory, indicating weak short-term momentum. The price is trading significantly below its 20- and 50-day moving averages. Uncertainty and risk aversion ahead of the Fed decision could increase selling pressure. However, oversold conditions may lead to rebound buying; nevertheless, the overall outlook remains downward.

The news headline highlights a sharp sell-off in the BIST 100, but since the symbol is GOOGL, no direct impact is expected. Nevertheless, the deterioration in global risk appetite ahead of the Fed decision could indirectly pressure GOOGL. Technical indicators are mixed: the price is above the SMA20 and SMA50, RSI at 58 is neutral, but MACD is below the signal line. Despite the 4% rise in the last 24 hours, the news flow suggests caution. In the short term, a sideways or slightly downward trend is likely.

GARAN lost 5% in value, dropping to 121.4, in parallel with the sharp selloff wave exceeding 4% in the BIST 100. While the RSI14 being in oversold territory at 12 increases the likelihood of a short-term rebound, the MACD remaining below its signal line and in negative territory indicates that the downward momentum has not yet weakened. The fact that the price is trading significantly below the SMA20 and SMA50 is deteriorating the technical outlook. Uncertainty ahead of the Fed decision and the decline in risk appetite suggest that selling pressure on the stock may continue for another 1-3 days. Nevertheless, due to oversold conditions, short-term fluctuations may be seen after sharp declines.

AKBNK declined 6.7% to 64.9 TL, accompanied by a sharp selloff in the BIST 100 exceeding 4%. Its RSI14 stands at 13.7, in oversold territory, and MACD is in negative territory below the signal line; short-term rebound buying may emerge, but uncertainty ahead of the Fed decision could sustain selling pressure. The price is significantly below its 20- and 50-day moving averages, indicating a downward short-term trend. If the Fed delivers a hawkish surprise, the decline could deepen; a dovish tone, however, could lead to a limited recovery on an oversold bounce. The 1-3 day outlook is bearish, but volatility may be high due to oversold conditions.