Losses on Borsa Istanbul Exceed 7%: Index Below 13,000 Points

The XU100 index fell 6.7% in the last 24 hours to 12,960 points, dropping below 13,000. The RSI14 is at 9.5, in oversold territory, but in such strong declines, rebound buying may be delayed. The MACD is negative and below the signal line, indicating that downward momentum continues. The price is well below the 20- and 50-day moving averages, confirming that the short-term trend is weak. The news headline confirms the decline; however, due to oversold conditions, a technical rebound could occur within 1-3 days, so although the direction is down, confidence is moderate.

The news headline points to a sharp decline in Borsa Istanbul and does not contain a direct connection to GOOGL; therefore, its impact on GOOGL may be limited and indirect. Technical indicators show that GOOGL has risen over 4% in 24 hours, RSI14 at 60.7 is not approaching overbought territory, and the price is trading above SMA20 and SMA50; short-term momentum is positive. However, MACD remaining below its signal line indicates weakening upward momentum. A possible deterioration in global risk appetite could also pressure GOOGL, but the news does not directly target US tech stocks. Therefore, in the 1-3 day outlook, the direction is uncertain, and a neutral stance is more cautious.

GARAN stock has fallen 6.26% in the last 24 hours to 119.8 TL, and its RSI14 indicator is at 10.3, placing it in oversold territory. MACD is negative and below the signal line, confirming downward momentum. The index's loss of over 7% in the news headline points to strong selling pressure across the market and suggests that GARAN may continue to be adversely affected by this pressure in the short term. However, oversold conditions and the speed of the decline also increase the possibility of a short-term recovery through bargain hunting. Therefore, although the direction is down, it is advisable to be cautious about the sustainability of the decline.

AKBNK fell nearly 8% intraday to 64.0 TL, coming under strong selling pressure. Although the RSI at 15.5 indicates oversold conditions, the MACD remains negative and below its signal line, suggesting that downward momentum has not yet weakened. The price is significantly below its 20- and 50-day moving averages, confirming that the short-term trend is downward. The index's loss of over 7% in the news headline signals reduced risk appetite across the market, and AKBNK could also be adversely affected by this selling wave. Oversold conditions may occasionally trigger rebound buying, but the overall outlook indicates that downside risk persists for the next 1-3 days.