Why is Relic Tech. falling/rising?
As of 06-Aug, Relic Technologies Ltd's stock price is 76.81, down 1.99% and has declined 7.74% over the past week, underperforming its sector. Despite recent short-term challenges, the stock has shown significant long-term growth with a year-to-date increase of 232.08%.
As of 06-Aug, Relic Technologies Ltd's stock price is currently at 76.81, reflecting a decrease of 1.56, or 1.99%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 7.74% over the past week. Additionally, the stock's performance today has underperformed its sector by 1.73%. The trading activity has shown erratic patterns, with the stock not trading on one day out of the last 20 days, and there has been a significant drop in investor participation, with delivery volume decreasing by 55.27% compared to the five-day average. While the stock remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages, indicating a potential short-term weakness.In the broader market context, Relic Technologies Ltd's recent performance contrasts sharply with the benchmark, as the stock has experienced a 7.74% decline over the past week, while the Sensex has only decreased by 1.15%. Despite this short-term downturn, the stock has shown remarkable long-term growth, with a year-to-date increase of 232.08% and a one-year return of 412.07%, significantly outperforming the Sensex's 3.08% and 2.48% gains, respectively. This suggests that while the stock is currently facing challenges, its overall trajectory remains strong compared to the broader market.
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