BIST 100 Index Drops 5 Percent

XU100 fell 4.67% intraday to 13,243, and the headline confirms this sharp sell-off. RSI14 at 12.7 is in oversold territory; while such levels increase the likelihood of a short-term bounce, the trend remains downward. MACD is below its signal line and in negative territory, and the price is trading well below SMA20 and SMA50. This outlook suggests that downside risk persists over a 1-3 day horizon; however, due to oversold conditions, a volatile reaction after the sharp decline should not be ruled out. Nevertheless, the main direction is considered downward.

The news headline pertains to the BIST 100 index and does not appear to have a direct connection with GOOGL; therefore, its impact on GOOGL may be limited and indirect. GOOGL's technical indicators point to a 4% increase in the last 24 hours, with the RSI at 58, not in overbought territory, and the price trading above the SMA20 and SMA50. Although the MACD is below the signal line, it remains in positive territory, indicating weakening momentum but not yet generating a sell signal. The sharp decline in the BIST may somewhat suppress global risk appetite, but GOOGL's own dynamics and US market conditions will be decisive. In the short term, a neutral outlook stands out; the news alone is not expected to be direction-determining.