Recent Price Movement and Volatility
Colinz Laboratories has experienced a notable downturn over the past three days, with cumulative losses amounting to 11.44%. The stock opened sharply lower on 19-Dec, down 2%, and reached an intraday low of ₹44.41, representing a 14.6% decline from previous levels. Trading activity was marked by high volatility, with an intraday price range of ₹7.59 and a volatility measure of 7.86% based on weighted average price. Despite this, the weighted average price indicated that most volume was transacted near the lower end of the day’s range, signalling selling pressure.
Technical indicators reveal a mixed picture. The stock price remains above its 20-day, 50-day, and 100-day moving averages, suggesting some underlying support. However, it ...
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