Sea TV Network Faces Intense Selling Pressure Amid Continued Price Declines

Sea TV Network Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a decline of 3.89% today, starkly contrasting with the Sensex, which has only dipped by 0.05%. This marks a continuation of a troubling trend, as Sea TV Network has now experienced consecutive days of losses, with a weekly decline of 9.27% and a staggering monthly drop of 20.34%.
Over the past three months, the stock has plummeted by 40.51%, while the Sensex has gained 12.36%. Year-to-date, Sea TV Network's performance is down 44.84%, compared to a 6.73% increase in the Sensex. The stock's one-year performance shows a decline of 54.72%, while the Sensex has risen by 4.30%.

Currently, Sea TV Network is trading close to its 52-week low, just 1.84% away from Rs 4.8. The stock is also underperforming relative to its sector, despite outperforming it by 0.57% today. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained downward trend.