My Money Securities Faces Intense Selling Pressure Amid Significant Price Declines

My Money Securities Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a consecutive decline over the past three days, resulting in a total loss of 7.23% during this period. Today, it opened with a gap down of 6.14%, reaching an intraday low of Rs 24.75.
In terms of performance relative to the Sensex, My Money Securities has notably underperformed. Over the last day, the stock declined by 6.14%, while the Sensex fell only 0.30%. Over the past week, My Money Securities has decreased by 3.51%, contrasting with a slight gain of 0.19% in the Sensex. The disparity is even more pronounced over the last three months, where My Money Securities plummeted by 43.49%, while the Sensex rose by 3.26%.

Several factors may be contributing to this selling pressure, including the stock's consistent underperformance against key moving averages, as it is currently trading below the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This trend suggests a lack of bullish momentum and may be influencing investor sentiment negatively.