Why is Rockingdeals Cir falling/rising?

As of 17-Jul, Rockingdeals Circular Economy Ltd is experiencing a price increase, currently at 171.20, reflecting a change of 0.9 or 0.53% upward. Despite this positive movement today, the stock has underperformed its sector by 7.74%. The stock's recent performance shows a decline of 2.17% over the past week and a significant drop of 69.05% year-to-date. Additionally, the stock is currently trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. There has also been a notable decrease in investor participation, with delivery volume falling by 32.35% compared to the 5-day average, indicating a potential lack of confidence among investors.
In the broader market context, the Sensex has shown a decline of 0.96% over the past week, which is less than the stock's decline, suggesting that Rockingdeals Circular Economy Ltd is underperforming relative to the overall market. Over the past month, while the stock has decreased by 2.06%, the Sensex has increased by 1.04%, further highlighting the stock's struggles. The year-to-date and one-year performances also reflect significant underperformance compared to the benchmark, with the Sensex gaining 6.20% and 2.03%, respectively. Overall, the combination of poor recent returns, declining investor participation, and the stock's inability to keep pace with market benchmarks contributes to the understanding of its current price movement.