Phantom Digital Effects Ltd Faces Significant Selling Pressure, Stock Declines 4.99% in One Day

Phantom Digital Effects Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 4.99% in just one day, compared to the Sensex's modest drop of 0.53%. Over the past week, Phantom Digital Effects has lost 5.03%, while the Sensex remained relatively stable with a decrease of only 0.04%.
In the longer term, the stock's performance has been underwhelming, with a 10.87% decline over the past month and a staggering 28.65% drop over the last three months. Year-to-date, the stock has managed a gain of 6.09%, outperforming the Sensex's 4.81% increase. However, this is overshadowed by its one-year performance, which shows a decline of 32.57%, compared to the Sensex's slight decrease of 0.10%.

Phantom Digital Effects is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance has consistently lagged behind the Sensex over various time frames, raising concerns about its market position and potential contributing factors to the ongoing selling pressure.