KRDMD:BISTKARDEMIR KARABUK DEMIR CELIK SAN FUTURES Analysis

Price action: KRDMD is trading at 29.5 TRY, just above the 20‑day SMA (31.04) and comfortably above the 50‑day SMA (29.80), but still below its 52‑week high of 33.94. RSI sits at 44.9, indicating neutral momentum, while the MACD has turned bearish (histogram –0.25) and volume is on a downtrend, suggesting short‑term pressure toward the identified support at 28.5.
Market sentiment & fundamentals: The Fear‑Greed Index reads 72.9 (Greed), reflecting bullish sentiment despite the recent price pull‑back. Recent capital‑increase filings hint at potential financing for capacity upgrades, which could bolster medium‑term demand for its steel and coke products. Overall, the stock sits in a bullish trend framework but faces near‑term downside risk, balanced by strong sector demand and favorable sentiment.