Why is Nureca falling/rising?

As of 23-Oct, Nureca Ltd's stock price is currently at 318.40, reflecting a decrease of 0.6, or 0.19%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 5.5% during this period. Despite this recent drop, Nureca has shown strong performance over the past week and month, with returns of 32.23% and 34.12%, respectively. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend prior to the recent decline. However, there has been a significant drop in investor participation, with delivery volume falling by 63.25% compared to the 5-day average, which may contribute to the stock's recent struggles.
In the broader market context, Nureca's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 1.30% over the past week. While Nureca's year-to-date return stands at 12.93%, compared to the Sensex's 8.21%, the stock's long-term performance has been less favorable, with a 3-year return of -56.48% against the Sensex's 42.57%. This disparity may affect investor sentiment, especially in light of the recent decline in trading volume and consecutive losses. Overall, while Nureca has shown strong short-term gains, the recent price drop and reduced investor engagement suggest caution among traders.