BIST 100 Index Ends at 13,122.58, Down 5.54%

BIST 100 fell by 5.54% to 13,122.58. With an RSI of 17.94, it is in oversold territory, but the price is below the 20- and 50-day moving averages, which could sustain downward pressure in the short term. The MACD remaining below its signal line indicates weakening momentum. The decline is likely to continue over the next 1-3 days, but the low RSI level could also signal a recovery. Investors are advised to reconsider their positions, taking into account their risk tolerance.

The BIST 100 index closing with a sharp decline of 5.54% could create short-term negative pressure on SON stock. Although the stock has risen 2.09% in the last 24 hours, the overall weakness of the index and deterioration in risk appetite may increase selling pressure. Technical indicators show RSI at 59.6, in neutral territory, while MACD is below the signal line and negative, indicating weak momentum. The price is above SMA20 but below SMA50, suggesting a short-term recovery but a downward medium-term trend. If index-driven selling continues, the stock risks pulling back to support at 48.28 (SMA20).

ASELS declined 4.51% to close at 360 TL, in line with the sharp 5.54% drop in the BIST 100 index. Although the RSI14 at 28.4 approaches oversold territory, the MACD remains negative and below its signal line, indicating that downward momentum persists. The price is trading below its 20- and 50-day moving averages; even if short-term rebound buying emerges, the trend is downward. Weakness across the index may continue to pressure the stock. In the 1-3 day outlook, I assess that downside risk is more dominant.

AKBNK declined 6.25% to 65.2, in line with a sharp 5.54% drop in the BIST 100 index. Although the RSI at 26.4 is approaching oversold territory, the MACD remains negative and below its signal line, indicating that downward momentum persists. The price is significantly below its 20- and 50-day moving averages; even if short-term rebound buying emerges, the trend is downward. Weakness across the index may continue to weigh on the stock. In the 1-3 day outlook, downside risks prevail.