Selan Explorations Technology Faces Bearish Technical Trends Amid Market Volatility

Selan Explorations Technology, a microcap company in the oil exploration and refinery sector, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 506.00, down from a previous close of 523.60, with a 52-week high of 1,099.80 and a low of 497.00.
The technical summary indicates a bearish sentiment across various indicators. The MACD shows a bearish trend on a weekly basis, while the monthly perspective is mildly bearish. Bollinger Bands also reflect a bearish stance for both weekly and monthly evaluations. Moving averages on a daily basis align with this bearish outlook.

In terms of performance, Selan's stock has faced challenges compared to the Sensex. Over the past week, the stock has returned -5.43%, while the Sensex has seen a modest gain of 0.44%. Over the past month, Selan's return stands at -6.85%, contrasting sharply with the Sensex's 7.00% increase. Year-to-date, the stock has declined by 38.55%, while the Sensex has risen by 3.20%. However, looking at a longer horizon, Selan has shown significant growth over three and five years, with returns of 155.04% and 530.53%, respectively, compared to the Sensex's 47.06% and 154.50%. This juxtaposition highlights the volatility and potential of Selan Explorations Technology within the broader market context.