Intraday Gains and Relative Outperformance
The stock’s 5.71% increase on 21-Nov stands out in the context of its recent trading activity. It outperformed its sector by 7.01% on the day, signalling a strong relative momentum compared to peers. This rise is particularly significant given the stock’s position relative to its moving averages: it is trading above its 5-day, 20-day, and 50-day averages, indicating short- to medium-term bullishness. However, it remains below its 100-day and 200-day moving averages, suggesting that the longer-term trend is still under pressure.
Volume and Liquidity Considerations
Despite the price appreciation, investor participation appears to be waning. The delivery volume on 20 Nov was 2,620 shares, which is down by ...
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