Alan Scott Enterprises Ltd Faces Significant Selling Pressure with 2.00% Decline and 7.68% Weekly Loss

Alan Scott Enterprises Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past four days, resulting in a total loss of 7.68% during this period. Today, the stock opened with a gap down of 2%, reaching an intraday low of Rs 292.15.
In terms of performance relative to the Sensex, Alan Scott Enterprises has underperformed across various time frames. Over the past day, the stock fell by 2.00%, while the Sensex gained 0.51%. In the past week, the stock's decline of 7.68% contrasts sharply with the Sensex's slight decrease of 0.40%. Over the last month, Alan Scott Enterprises has dropped 11.78%, while the Sensex has risen by 1.38%.

Despite a strong performance in the longer term, with a 178.45% increase over the past year, the recent trend indicates a shift in market sentiment. The stock's current price is above its 50-day, 100-day, and 200-day moving averages, yet it is below its 5-day and 20-day moving averages, suggesting a potential short-term weakness. The combination of these factors may be contributing to the ongoing selling pressure.