Why is Tracxn Technolo. falling/rising?
As of 12-Aug, Tracxn Technologies Ltd's stock price is declining at 52.44, down 0.79%, with a total drop of 8.35% over the last four days and 32.23% year-to-date, contrasting sharply with the Sensex's gains. The stock is trading below all key moving averages, indicating a bearish trend despite increased investor participation.
As of 12-Aug, Tracxn Technologies Ltd is experiencing a decline in its stock price, currently at 52.44, which reflects a decrease of 0.42 or 0.79%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 8.35% during this period. Additionally, the stock's performance over the past week shows a decline of 5.77%, and over the past month, it has decreased by 13.65%. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a rise in investor participation, with delivery volume increasing by 64.16% against the 5-day average, the overall sentiment remains negative, as no positive factors are noted in the dashboard.In the broader market context, Tracxn Technologies Ltd's performance contrasts sharply with the benchmark Sensex, which has only declined by 0.59% over the past week and 2.75% over the past month. The stock's year-to-date performance shows a significant drop of 32.23%, while the Sensex has gained 2.68% during the same period. This stark difference highlights the stock's struggles relative to the overall market, further contributing to its downward trajectory.
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