Relic Technologies Ltd Faces Significant Selling Pressure with 5% Daily Decline and 8.62% Monthly Loss

Relic Technologies Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company, classified as a microcap in the Non-Banking Financial Company (NBFC) sector, has recorded consecutive days of losses, with a notable decline of 5.00% in today's trading session. This performance starkly contrasts with the Sensex, which has only dipped by 0.36% today.
Over the past week, Relic Technologies has seen a total decline of 6.39%, while the Sensex has gained 0.51%. The stock's performance over the past month is similarly concerning, with an 8.62% drop compared to a modest 0.37% increase in the Sensex. Despite a remarkable 413.44% increase over the past year, the recent trend indicates a shift in market sentiment.

Today's trading saw the stock open with a loss of 4.7%, reaching an intraday low of Rs 77. The stock has remained at this price level throughout the day, underperforming its sector by 4.35%. While the stock is above its 200-day moving average, it is trading below its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a potential shift in momentum.