Why is Rockingdeals Cir falling/rising?
As of 17-Sep, Rockingdeals Circular Economy Ltd's stock price is at 198.00, down 4.23%, with a significant year-to-date decline of 64.21%. The stock has underperformed its sector and the broader market, indicating challenges in attracting investor interest.
As of 17-Sep, Rockingdeals Circular Economy Ltd is experiencing a decline in its stock price, currently at 198.00, which reflects a decrease of 8.75 or 4.23%. The stock has underperformed its sector by 5.01% today, and its delivery volume has fallen significantly by 31.62% compared to the 5-day average, indicating a decrease in investor participation. Over the past week, the stock has dropped by 8.55%, and it has shown a substantial year-to-date decline of 64.21%. The stock is currently trading higher than its 50-day moving average but lower than its 5-day, 20-day, 100-day, and 200-day moving averages, suggesting a mixed technical outlook. There is no information available regarding positive or negative factors impacting the stock.Broader market context indicates that while Rockingdeals Circular Economy Ltd is facing challenges, the benchmark Sensex has increased by 1.43% over the past week and 2.84% over the past month. This contrast highlights the stock's significant underperformance relative to the broader market, as it has not only declined sharply in the short term but also over longer periods, with a staggering 67.44% drop over the past year compared to a slight decline of 0.35% in the Sensex. The broader market's positive performance underscores the difficulties faced by Rockingdeals Circular Economy Ltd in attracting investor interest and maintaining its stock price.
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