Why is Phoenix Overseas falling/rising?

As of 04-Sep, Phoenix Overseas Ltd is experiencing a price increase, currently at 22.80, reflecting a change of 0.7 or 3.17% upward. The stock has outperformed its sector today by 2.77%, indicating positive momentum. Over the past week, it has shown a return of +6.29%, significantly higher than the Sensex's +0.95%. However, despite this recent uptick, the stock has a year-to-date decline of -18.43%, contrasting sharply with the Sensex's gain of +4.61%. Additionally, the stock's delivery volume has decreased by 52.38% compared to the 5-day average, suggesting a decline in investor participation, which could be a concern for future performance.
In the broader market context, while Phoenix Overseas has outperformed the benchmark in the short term, its year-to-date performance remains weak compared to the Sensex. The stock is currently trading above its 5-day and 20-day moving averages, but it is below the longer-term moving averages of 50, 100, and 200 days, indicating mixed signals regarding its trend. The liquidity of the stock is adequate for trading, as it represents 2% of the 5-day average traded value. Overall, while the recent price movement is positive, the significant year-to-date decline and falling investor participation may temper enthusiasm among investors.