Epic Energy Ltd Faces Intense Selling Pressure Amid Consecutive Losses and Declining Performance
Epic Energy Ltd is experiencing significant selling pressure, marked by consecutive losses over the past five days and a notable decline in its stock price. The company has underperformed compared to the Sensex, with substantial declines observed over one month, three months, and year-to-date periods, indicating a persistent bearish market sentiment.
Epic Energy Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past five days, with a notable decline of 9.05% during this period. In today's trading session, Epic Energy's performance has dipped by 1.99%, underperforming the Sensex, which fell by 0.56%.Over the past month, Epic Energy has seen a substantial decline of 18.97%, while the Sensex has only decreased by 4.23%. The three-month performance reveals a staggering drop of 27.70% for Epic Energy compared to a minimal decline of 0.20% for the Sensex. Year-to-date, the stock has plummeted by 56.48%, contrasting sharply with the Sensex's gain of 2.60%.
The price summary indicates that Epic Energy opened at 50.74 and has remained at this level, trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This trend suggests a persistent bearish sentiment in the market, contributing to the ongoing selling pressure.
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