Epic Energy Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Epic Energy Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This marks a notable shift after a streak of 12 consecutive days of gains. The stock has recorded a performance decline of 1.98% today, while the broader Sensex has dropped by 3.86%, indicating that Epic Energy has outperformed the index despite the selling trend.
Over the past week, Epic Energy has managed a gain of 6.05%, contrasting with the Sensex's decline of 6.40%. However, the stock's performance over the last three months reveals a stark decline of 45.18%, compared to the Sensex's 7.34% drop. Year-to-date, Epic Energy is down 53.36%, significantly underperforming the Sensex, which has decreased by 7.27%.

The renewable energy sector as a whole has also faced challenges, with a decline of 7.16%. The stock opened at 54.38 and has remained at this price, indicating a lack of upward momentum. While the stock is currently above its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages, suggesting a potential trend reversal.