Why is Deco-Mica falling/rising?

As of 12-Nov, Deco-Mica Ltd's stock price is currently at Rs 73.50, reflecting a decrease of Rs 1.0 or 1.34%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.94% during this period. Today's trading saw the stock reach an intraday high of Rs 83.98 and a low of Rs 72.01, indicating high volatility with a wide trading range of Rs 11.97. Additionally, Deco-Mica is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. Although there has been a notable increase in delivery volume, rising by 135.35% against the 5-day average, the overall sentiment remains negative as the stock has underperformed its sector by 3.54%.
In the broader market context, Deco-Mica's performance over the past week shows a significant decline of 10.35%, contrasting sharply with the Sensex, which has gained 1.21% during the same period. This underperformance is further highlighted by the year-to-date returns, where Deco-Mica has decreased by 9.26%, while the Sensex has increased by 8.10%. The stock's long-term performance over three years shows a positive return of 26.94%, but this is overshadowed by the more substantial gain of 36.69% in the benchmark. Overall, the combination of recent price declines, underperformance relative to the sector and benchmark, and the bearish technical indicators contribute to the stock's current downward trajectory.