Karsan Signs Contract with IETT for 150 Vehicles

Karsan has signed a contract with the Istanbul Electricity, Tramway and Tunnel General Directorate (IETT) for 150 ATAK model vehicles. Under the agreement, Karsan's ATAK model vehicles will be included in the IETT fleet. The contract marks a significant collaboration in the field of public transportation vehicles. This development adds to Karsan's agreements with public institutions and stands out as a step taken in line with IETT's strategy to expand its vehicle fleet. Not investment advice.

📊 KARSN — Piyasa Yorumu

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Karsan's signing of a 150-vehicle contract with IETT is a positive news flow for the company and could attract buying interest in the stock in the short term. However, the stock has fallen 9.97% in the last 24 hours and its RSI14 is at 7.66, in oversold territory; this could support rebound buying. MACD is in negative territory and the price is below its SMA20 and SMA50, indicating a weak technical picture. The impact of the news may be limited; if selling pressure persists across the market, the rise may not be sustained. Nevertheless, in oversold conditions, there is a possibility of a short-term recovery along with the news.

RSI 14

7.7

MACD

-0.80

24h Δ

-9.97%

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