My Money Securities Ltd Faces Intense Selling Pressure Amid Consecutive Losses

My Money Securities Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past four days, with a decline of 2.62% during this period. In terms of daily performance, My Money Securities Ltd has decreased by 0.23%, which is a relative outperformance against the Sensex, which fell by 1.64%.
Over the past week, the stock has lost 2.62%, slightly underperforming the Sensex's decline of 2.40%. However, the longer-term trends reveal a more concerning picture, with a substantial 14.73% drop over the past month, contrasting sharply with the Sensex's gain of 4.03%. Over three months, My Money Securities Ltd has plummeted by 49.31%, while the Sensex has only decreased by 3.01%.

Despite a notable 68.39% increase over the past year, the year-to-date performance shows a stark decline of 46.78%, compared to the Sensex's modest drop of 2.55%. The stock's current price is above its 20-day moving average but remains below the 5-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Factors contributing to this selling pressure may include broader market conditions and sector-specific challenges within the finance/NBFC industry.