Why is CLN Energy falling/rising?
As of 29-Jul, CLN Energy Ltd's stock price is 531.45, down 1.99% and has underperformed with a 5.86% loss over the last three days. Despite being above longer-term moving averages, its recent performance is weak compared to the Sensex, with a 5.90% decline over the past week.
As of 29-Jul, CLN Energy Ltd's stock price is currently at 531.45, reflecting a decrease of 10.8 points or 1.99%. The stock has been underperforming, having lost 5.86% over the last three days, and it is currently trading in a narrow range of Rs 3.55. Although the stock is above its 50-day, 100-day, and 200-day moving averages, it is below the 5-day and 20-day moving averages. Additionally, there has been a slight increase in investor participation, with delivery volume rising by 3.17% against the 5-day average. However, there are no positive or negative dashboard factors available to provide further context on the stock's recent movement.In the broader market context, CLN Energy's performance over the past week shows a decline of 5.90%, which is significantly worse than the Sensex's decline of only 1.03%. Over the past month, the stock has managed a positive return of 5.45%, contrasting with the Sensex's drop of 3.24%. This indicates that while the stock has shown some resilience in the longer term, its recent short-term performance has been notably poor compared to the benchmark.
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