Mazda Ltd Faces Intense Selling Pressure Amid Consecutive Losses and Declining Momentum

Mazda Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past three days, resulting in a total decline of 5.68%. Today, Mazda Ltd's performance dipped by 1.99%, contrasting sharply with the Sensex, which gained 0.47%.
Over the past week, Mazda Ltd has seen a modest increase of 1.37%, but this is overshadowed by its three-month performance, which reveals a substantial decline of 20.45%, while the Sensex fell only 1.33% during the same period. Year-to-date, Mazda Ltd has underperformed with a drop of 15.79%, compared to the Sensex's slight decline of 0.62%.

Despite a strong long-term performance, with a remarkable 419.57% increase over five years, the recent trend indicates a troubling shift. The stock opened at 250.85 and has remained at this price level, indicating a lack of upward momentum. Additionally, while the stock is above its 20-day moving average, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages, further highlighting the current selling pressure.