{"id":2395,"date":"2026-05-03T16:32:11","date_gmt":"2026-05-03T13:32:11","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=2395"},"modified":"2026-05-03T16:33:28","modified_gmt":"2026-05-03T13:33:28","slug":"ereli-eregl-teknik-analiz-ykseli-trendi-ve-kritik-destek-seviyeleri","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/2395","title":{"rendered":"Ere\u011fli (EREGL) Teknik Analiz: Y\u00fckseli\u015f Trendi ve Kritik Destek Seviyeleri"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"EREGL Hisse Analizi 2026: Ere\u011fli Demir \u00c7elik Bilan\u00e7o ve Teknik Yorumu\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/4b8XujD5O_Q?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h1>Ere\u011fli Demir ve \u00c7elik Fabrikalar\u0131 T.A.\u015e. (EREGL) Kapsaml\u0131 Finansal ve Teknik Brifing Dok\u00fcman\u0131<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing dok\u00fcman\u0131, Ere\u011fli Demir ve \u00c7elik Fabrikalar\u0131 T.A.\u015e.&#8217;nin (EREGL) 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011fi (2026\/03) itibar\u0131yla finansal performans\u0131n\u0131, piyasa de\u011ferlemesini ve teknik g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc sentezlemektedir. \u015eirket, operasyonel karl\u0131l\u0131k ve bor\u00e7 y\u00f6netiminde \u00f6nemli iyile\u015fmeler kaydederken, net kar seviyesinde s\u0131n\u0131rl\u0131 bir geri \u00e7ekilme ya\u015fam\u0131\u015ft\u0131r.<\/p>\n<p><b>Kritik \u00c7\u0131kar\u0131mlar:<\/b><\/p>\n<ul>\n<li><b>Operasyonel Verimlilik:<\/b> FAV\u00d6K (FAV\u00d6K), y\u0131ll\u0131k bazda %41,01 artarak 5,8 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. FAV\u00d6K marj\u0131 %7,71&#8217;den %9,75&#8217;e y\u00fckselerek operasyonel karl\u0131l\u0131ktaki g\u00fc\u00e7lenmeyi teyit etmektedir.<\/li>\n<li><b>Bor\u00e7 Yap\u0131s\u0131nda \u0130yile\u015fme:<\/b> Net bor\u00e7 seviyesi y\u0131ll\u0131k bazda %43,96 oran\u0131nda azalarak 56,1 milyar TL&#8217;den 31,4 milyar TL&#8217;ye gerilemi\u015ftir.<\/li>\n<li><b>Sat\u0131\u015f Dinamikleri:<\/b> Toplam has\u0131lat %11,47 art\u0131\u015fla 59,6 milyar TL&#8217;ye \u00e7\u0131km\u0131\u015ft\u0131r. Ancak, yurt i\u00e7i sat\u0131\u015flardaki %31,65&#8217;lik g\u00fc\u00e7l\u00fc b\u00fcy\u00fcmeye kar\u015f\u0131n, yurt d\u0131\u015f\u0131 sat\u0131\u015flarda (ihracat) %40,98&#8217;lik bir daralma g\u00f6zlemlenmi\u015ftir.<\/li>\n<li><b>Piyasa Performans\u0131:<\/b> Hisse senedi son bir y\u0131lda %57,56, y\u0131lba\u015f\u0131ndan bu yana ise %47,44 getiri sa\u011flayarak g\u00fc\u00e7l\u00fc bir momentum sergilemektedir.<\/li>\n<li><b>De\u011ferleme \u00c7eli\u015fkisi:<\/b> \u015eirket 0,83 gibi d\u00fc\u015f\u00fck bir Piyasa De\u011feri\/Defter De\u011feri (PD\/DD) ile i\u015flem g\u00f6r\u00fcrken, Fiyat\/Kazan\u00e7 (F\/K) oran\u0131 523,88 gibi olduk\u00e7a y\u00fcksek bir seviyededir.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>1. Finansal Performans Analizi<\/h2>\n<p>\u015eirketin 2025\/03 ve 2026\/03 d\u00f6nemleri aras\u0131ndaki finansal geli\u015fimi, has\u0131lat art\u0131\u015f\u0131 ve operasyonel verimlili\u011fin net kara tam olarak yans\u0131mad\u0131\u011f\u0131n\u0131 g\u00f6stermektedir.<\/p>\n<h3>1.1 Gelir Tablosu \u00d6zeti (Milyon TL)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>2025\/03<\/td>\n<td>2026\/03<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td>Net Sat\u0131\u015flar<\/td>\n<td>53.544,63<\/td>\n<td>59.684,85<\/td>\n<td>%11,47<\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct Kar<\/td>\n<td>3.801,26<\/td>\n<td>4.805,62<\/td>\n<td>%26,42<\/td>\n<\/tr>\n<tr>\n<td>FAV\u00d6K<\/td>\n<td>4.127,40<\/td>\n<td>5.819,99<\/td>\n<td>%41,01<\/td>\n<\/tr>\n<tr>\n<td>Net Kar (Ana Ortakl\u0131k)<\/td>\n<td>426,39<\/td>\n<td>383,86<\/td>\n<td>-%9,98<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>\u00d6nemli Tespitler:<\/b><\/p>\n<ul>\n<li><b>Maliyet Y\u00f6netimi:<\/b> Sat\u0131\u015flar\u0131n maliyeti %10,32 artarak has\u0131lat art\u0131\u015f\u0131n\u0131n (%11,47) alt\u0131nda kalm\u0131\u015ft\u0131r. Bu durum, br\u00fct kar marj\u0131n\u0131n %7,10&#8217;dan %8,05&#8217;e y\u00fckselmesini sa\u011flam\u0131\u015ft\u0131r.<\/li>\n<li><b>Faaliyet Giderleri:<\/b> Faaliyet giderleri %30,34 artarak genel enflasyonist e\u011filimin \u00fczerinde bir art\u0131\u015f g\u00f6stermi\u015ftir.<\/li>\n<li><b>Net Kar Bask\u0131s\u0131:<\/b> Esas faaliyet kar\u0131 %27,92 artmas\u0131na ra\u011fmen, yat\u0131r\u0131m faaliyetlerinden gelirlerin %94,7 oran\u0131nda azalmas\u0131 ve finansman giderlerinin etkisiyle net kar s\u0131n\u0131rl\u0131 bir d\u00fc\u015f\u00fc\u015f kaydetmi\u015ftir.<\/li>\n<\/ul>\n<h3>1.2 Sat\u0131\u015flar\u0131n Co\u011frafi Da\u011f\u0131l\u0131m\u0131<\/h3>\n<p>\u015eirketin sat\u0131\u015f stratejisinde yurt i\u00e7i pazara odaklanma belirginle\u015fmi\u015ftir:<\/p>\n<ul>\n<li><b>Yurt \u0130\u00e7i Sat\u0131\u015flar:<\/b> 36,7 milyar TL&#8217;den 48,4 milyar TL&#8217;ye (%31,65 art\u0131\u015f).<\/li>\n<li><b>Yurt D\u0131\u015f\u0131 Sat\u0131\u015flar:<\/b> 14,1 milyar TL&#8217;den 8,3 milyar TL&#8217;ye (%40,98 azal\u0131\u015f).<\/li>\n<li><b>\u0130hracat Oran\u0131:<\/b> %26,40 seviyesinden %13,98&#8217;e gerilemi\u015ftir.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>2. Bilan\u00e7o ve Finansal Yap\u0131 Analizi<\/h2>\n<p>\u015eirketin varl\u0131k yap\u0131s\u0131 b\u00fcy\u00fcmeye devam ederken, bor\u00e7luluk oranlar\u0131nda stratejik bir azalma dikkat \u00e7ekmektedir.<\/p>\n<h3>2.1 Varl\u0131k ve Kaynak Geli\u015fimi (Milyon TL)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>2025\/03<\/td>\n<td>2026\/03<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td>Toplam Varl\u0131klar<\/td>\n<td>454.840,82<\/td>\n<td>576.746,04<\/td>\n<td>%26,80<\/td>\n<\/tr>\n<tr>\n<td>\u00d6zkaynaklar<\/td>\n<td>252.488,62<\/td>\n<td>295.496,35<\/td>\n<td>%17,03<\/td>\n<\/tr>\n<tr>\n<td>Toplam Bor\u00e7lar<\/td>\n<td>194.279,87<\/td>\n<td>271.897,59<\/td>\n<td>%39,95<\/td>\n<\/tr>\n<tr>\n<td><b>Net Bor\u00e7<\/b><\/td>\n<td><b>56.163,20<\/b><\/td>\n<td><b>31.471,28<\/b><\/td>\n<td><b>-%43,96<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Finansal Yap\u0131 Notlar\u0131:<\/b><\/p>\n<ul>\n<li><b>Likit G\u00fcc\u00fc:<\/b> Haz\u0131r de\u011ferler (nakit ve nakit benzerleri) %76,07 art\u0131\u015fla 123,9 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r.<\/li>\n<li><b>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler:<\/b> K\u0131sa vadeli bor\u00e7lar %73,8 oran\u0131nda artarak 126,6 milyar TL&#8217;ye y\u00fckselmi\u015ftir. Bu durum cari oran\u0131n 2,62&#8217;den 2,03&#8217;e gerilemesine neden olmu\u015ftur.<\/li>\n<li><b>Net Bor\u00e7\/FAV\u00d6K:<\/b> Bu oran 3,54&#8217;ten 1,97&#8217;ye inerek bor\u00e7 \u00f6deme kapasitesinin \u00f6nemli \u00f6l\u00e7\u00fcde iyile\u015fti\u011fini g\u00f6stermektedir.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>3. Piyasa De\u011ferlemesi ve \u00c7arpan Analizi<\/h2>\n<p>EREGL hissesi, sekt\u00f6r ortalamalar\u0131yla kar\u015f\u0131la\u015ft\u0131r\u0131ld\u0131\u011f\u0131nda karma\u015f\u0131k bir de\u011ferleme profili sunmaktad\u0131r.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>G\u00f6sterge<\/td>\n<td>EREGL Cari<\/td>\n<td>Sekt\u00f6r Ortalamas\u0131<\/td>\n<\/tr>\n<tr>\n<td>Fiyat \/ Kazan\u00e7 (F\/K)<\/td>\n<td>523,88<\/td>\n<td>22,66<\/td>\n<\/tr>\n<tr>\n<td>Piyasa De\u011feri \/ Defter De\u011feri (PD\/DD)<\/td>\n<td>0.83<\/td>\n<td>1.16<\/td>\n<\/tr>\n<tr>\n<td>Firma De\u011feri \/ FAV\u00d6K (FD\/FAV\u00d6K)<\/td>\n<td>12,52<\/td>\n<td>12,95<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Analiz:<\/b><\/p>\n<ul>\n<li><b>PD\/DD Avantaj\u0131:<\/b> 0,83 olan PD\/DD oran\u0131, \u015firketin \u00f6zsermayesine oranla iskontolu i\u015flem g\u00f6rd\u00fc\u011f\u00fcn\u00fc ve sekt\u00f6r ortalamas\u0131n\u0131n (1,16) alt\u0131nda oldu\u011funu g\u00f6stermektedir.<\/li>\n<li><b>F\/K Uyar\u0131s\u0131:<\/b> 523,88 olan F\/K oran\u0131, d\u00fc\u015f\u00fck net kar rakam\u0131 nedeniyle a\u015f\u0131r\u0131 y\u00fcksek g\u00f6r\u00fcnmektedir ve hisse ba\u015f\u0131na kar\u0131n (0,07 TL) d\u00fc\u015f\u00fck kald\u0131\u011f\u0131n\u0131 teyit etmektedir.<\/li>\n<li><b>Piyasa De\u011feri:<\/b> Toplam piyasa de\u011feri 245,84 milyar TL (yakla\u015f\u0131k 5,47 milyar USD) seviyesindedir.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>4. Teknik Analiz ve G\u00f6stergeler<\/h2>\n<p>30 Nisan 2026 itibar\u0131yla yap\u0131lan teknik de\u011ferlendirmeler, hissenin g\u00fc\u00e7l\u00fc bir yukar\u0131 y\u00f6nl\u00fc trend i\u00e7erisinde oldu\u011funu ancak a\u015f\u0131r\u0131 al\u0131m b\u00f6lgesine yakla\u015ft\u0131\u011f\u0131n\u0131 g\u00f6stermektedir.<\/p>\n<h3>4.1 Teknik G\u00f6sterge Sinyalleri<\/h3>\n<ul>\n<li><b>Genel G\u00f6r\u00fcn\u00fcm:<\/b> K\u0131sa vadeli g\u00f6stergeler genelde &#8220;AL&#8221; konumundad\u0131r.<\/li>\n<li><b>Hareketli Ortalamalar:<\/b> Hisse fiyat\u0131 (35,12 TL); 5, 10, 20, 50 ve 100 g\u00fcnl\u00fck hareketli ortalamalar\u0131n \u00fczerinde seyretmektedir (\u00d6rn: 20 g\u00fcnl\u00fck HO: 32,02 TL; 100 g\u00fcnl\u00fck HO: 29,03 TL).<\/li>\n<li><b>Osilat\u00f6rler:<\/b> RSI (68,45) ve CCI (154,07) gibi g\u00f6stergeler a\u015f\u0131r\u0131 al\u0131m b\u00f6lgesine yak\u0131n seyretmektedir, bu durum hissenin fazla y\u00fckseldi\u011fi \u015feklinde yorumlanabilir.<\/li>\n<li><b>MACD:<\/b> 1,32 de\u011feri ile pozitif b\u00f6lgede ve &#8220;AL&#8221; sinyalini korumaktad\u0131r.<\/li>\n<\/ul>\n<h3>4.2 Destek ve Diren\u00e7 Seviyeleri<\/h3>\n<ul>\n<li><b>Pivot Noktas\u0131:<\/b> 34,90 TL<\/li>\n<li><b>Destek Seviyeleri:<\/b> 33,86 \/ 32,60 \/ 31,56 TL<\/li>\n<li><b>Diren\u00e7 Seviyeleri:<\/b> 36,16 \/ 37,20 \/ 38,46 TL<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>5. Kurumsal Geli\u015fmeler ve Haberler<\/h2>\n<p>\u015eirketin son d\u00f6nemdeki kurumsal ajandas\u0131 temett\u00fc ve y\u00f6netim de\u011fi\u015fikliklerine odaklanm\u0131\u015ft\u0131r:<\/p>\n<ul>\n<li><b>Temett\u00fc:<\/b> 28 Nisan 2026 tarihinde nakit kar pay\u0131 \u00f6deme tarihleri ve 2026\/03 d\u00f6nemine ili\u015fkin finansal tablolar ilan edilmi\u015ftir.<\/li>\n<li><b>Y\u00f6netim:<\/b> T\u00fczel ki\u015fi y\u00f6netim kurulu \u00fcye temsilcisi de\u011fi\u015fiklikleri ve g\u00f6rev da\u011f\u0131l\u0131m\u0131 ger\u00e7ekle\u015ftirilmi\u015ftir (28.04.2026).<\/li>\n<li><b>Piyasa Hareketlili\u011fi:<\/b> 22 Nisan 2026&#8217;da hisse senedinde devre kesici uygulamas\u0131 devreye girmi\u015ftir. Ayr\u0131ca, 2026&#8217;n\u0131n ilk \u00e7eyre\u011finde yabanc\u0131 yat\u0131r\u0131mc\u0131lar\u0131n Borsa \u0130stanbul&#8217;da (EREGL dahil) g\u00fc\u00e7l\u00fc al\u0131m yapt\u0131\u011f\u0131 bildirilmi\u015ftir.<\/li>\n<\/ul>\n<p><b>Ortakl\u0131k Yap\u0131s\u0131:<\/b><\/p>\n<ul>\n<li>Ataer Holding A.\u015e.: %49,54<\/li>\n<li>Di\u011fer (Halka A\u00e7\u0131k): %49,57<\/li>\n<li>Hisse Geri Al\u0131m: %0,89<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<button class=\"simplefavorite-button\" data-postid=\"2395\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Ere\u011fli Demir \u00c7elik (EREGL) 2026 \u0130lk \u00c7eyrek Analizi: Operasyonel G\u00fc\u00e7 ve Bor\u00e7 Azal\u0131\u015f\u0131 \u00d6n Planda!<br \/>\nDemir \u00e7elik sekt\u00f6r\u00fcn\u00fcn devi Ere\u011fli (EREGL), 2026 y\u0131l\u0131na operasyonel tarafta g\u00fc\u00e7l\u00fc bir ba\u015flang\u0131\u00e7 yapt\u0131. Sat\u0131\u015flar\u0131n\u0131 ve FAV\u00d6K rakamlar\u0131n\u0131 \u00e7ift haneli b\u00fcy\u00fcten \u015firket, \u00f6zellikle net borcunu %44\u2019e yak\u0131n azaltarak dikkatleri \u00fczerine \u00e7ekti. Teknik grafikte t\u00fcm hareketli ortalamalar\u0131n \u00fczerinde seyreden ve k\u0131sa vadeli &#8220;Al&#8221; sinyalleri veren hisse, y\u00fcksek F\/K oran\u0131na ra\u011fmen defter de\u011ferinin alt\u0131ndaki PD\/DD oran\u0131yla potansiyelini koruyor. EREGL hissesindeki bu y\u00fckseli\u015f trendi devam edecek mi? Bilan\u00e7onun t\u00fcm detaylar\u0131 ve teknik analiz kritik seviyeleri yaz\u0131m\u0131zda.<\/p>\n","protected":false},"author":5,"featured_media":2385,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[337],"tags":[331],"class_list":["post-2395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hisse-teknik-analizi","tag-eregl"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=2395"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2395\/revisions"}],"predecessor-version":[{"id":2397,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2395\/revisions\/2397"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/2385"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=2395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=2395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=2395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}