Why is Mystic Electron. falling/rising?
As of 24-Sep, Mystic Electronics Ltd's stock price is declining at 3.84, down 4.95%, with a total drop of 9.65% over the last two days and a year-to-date decline of 41.46%. The stock is underperforming its sector and the broader market, indicating bearish sentiment and declining investor interest.
As of 24-Sep, Mystic Electronics Ltd is experiencing a decline in its stock price, currently at 3.84, reflecting a decrease of 0.2 or 4.95%. The stock has underperformed its sector by 4.76% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 9.65% during this period. Over the past month, the stock has decreased by 6.11%, and its year-to-date performance shows a significant decline of 41.46%. Additionally, the stock's delivery volume has decreased by 19.82% compared to the five-day average, indicating falling investor participation. The stock is currently trading above its 20-day moving average but below its 5-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish sentiment.In the broader market context, the Sensex has shown a decline of 1.18% over the past week, contrasting with Mystic Electronics' positive return of 1.05% during the same period. However, the stock's longer-term performance is concerning, with a year-over-year decline of 35.46% compared to a slight decline of 3.77% in the benchmark index. This underperformance highlights the challenges Mystic Electronics is facing relative to the broader market trends. Overall, the combination of declining investor interest, poor recent performance, and significant losses year-to-date contributes to the stock's current downward trajectory.
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