Milestone Global Faces Intense Selling Pressure Amid Continued Losses and Market Shift

Milestone Global Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of losses, as the company has experienced a decline of 5.70% over the past week and a notable 10.39% over the last month. In stark contrast, the Sensex has shown resilience, gaining 1.56% weekly and 0.26% on the day.
Over the past year, Milestone Global has seen a substantial drop of 37.50%, while the Sensex has managed a modest increase of 1.32%. Year-to-date, the stock is down 26.45%, compared to the Sensex's gain of 4.28%. Despite a strong performance over the longer term, with a 154.07% increase over five years, recent trends indicate a shift in market sentiment.

The stock's erratic trading pattern, having not traded on one day out of the last 20, may contribute to the current selling pressure. Additionally, while the stock's moving averages indicate it is higher than the 50-day and 100-day averages, it remains below the 5-day, 20-day, and 200-day averages, suggesting a potential lack of momentum.