Altius Telecom Faces Intense Selling Pressure Amid Continued Price Declines

Altius Telecom Infrastructure Trust is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, as the stock has underperformed relative to the broader market. Over the past week, Altius Telecom has declined by 1.20%, while the Sensex has managed a slight gain of 0.09%. In the last month, the stock has dropped 1.36%, contrasting with the Sensex's performance of -2.39%.
The stock's performance over three months shows a decline of 2.01%, compared to the Sensex's sharper drop of 8.06%. Year-to-date, Altius Telecom is down 1.36%, while the Sensex has decreased by 5.06%. Notably, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Contributing factors to the selling pressure may include erratic trading patterns, as the stock did not trade on two days out of the last 20. Despite a high dividend yield of 14.71% at the current price, the prevailing market sentiment appears to be dominated by sellers.