Aeonx Digital Technology Faces Intense Selling Pressure Amid Consecutive Losses

Aeonx Digital Technology Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, resulting in a total decline of 5.83%. Today, the stock fell by 1.98%, underperforming the Sensex, which gained 0.49%.
In the broader context, Aeonx Digital Technology's performance has been lackluster compared to the Sensex over various time frames. Over the past week, the stock gained a modest 0.63%, while the Sensex rose by 1.73%. However, the longer-term view reveals a stark contrast: the stock has plummeted by 52.89% over the last three months, while the Sensex has only dipped by 1.31%. Year-to-date, Aeonx Digital Technology has declined by 48.12%, compared to a slight drop of 0.60% in the Sensex.

The stock opened at 143.7 and has remained at this price, indicating a lack of upward momentum. Additionally, while it is trading above its 20-day moving average, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages, further highlighting the prevailing selling sentiment in the market.