Why is Vivid Mercantile falling/rising?

As of 11-Nov, Vivid Mercantile Ltd's stock price is currently at 4.57, reflecting an increase of 0.35 or 8.29%. The stock has shown a trend reversal, gaining after five consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Additionally, the delivery volume has significantly decreased by 82.32% compared to the 5-day average, suggesting a drop in investor participation. Over the past week, the stock has underperformed the benchmark Sensex, which has gained 0.49%, while Vivid Mercantile has declined by 3.38%. Year-to-date, the stock is down 24.59%, contrasting sharply with the Sensex's gain of 7.34%.
In the broader market context, Vivid Mercantile's recent performance indicates a struggle against the overall market trend, as it has not only underperformed in the short term but also over the past month and year. The stock's long-term performance, however, shows a positive return of 47.18% over three years, which outpaces the Sensex's 35.73% increase. This suggests that while the stock is currently facing challenges, it has had a strong historical performance relative to the benchmark. The lack of positive factors in the dashboard may further contribute to the stock's volatility and investor sentiment, impacting its recent upward movement.