First Fintec Ltd Faces Intense Selling Pressure Amid Consecutive Losses and Market Underperformance

First Fintec Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, with a decline of 2.05% during this period. In terms of daily performance, First Fintec is down 0.69%, notably underperforming the Sensex, which has only dipped by 0.01%.
Over the past week, First Fintec has seen a decline of 1.79%, while the Sensex has gained 2.11%. The stock's performance over the last month reflects a drop of 3.25%, contrasting sharply with the Sensex's increase of 3.76%. Year-to-date, First Fintec has plummeted by 31.90%, compared to the Sensex's positive return of 5.50%.

The stock's longer-term performance also reveals a troubling trend, with a 14.37% decline over the past year, while the Sensex has risen by 7.78%. Despite a strong performance over three and five years, recent trends indicate a shift in market sentiment. The stock's current price is higher than its 5-day and 20-day moving averages but lower than its 50-day, 100-day, and 200-day moving averages, suggesting a potential weakening in momentum.