Scoobee Day Garments Faces Intense Selling Pressure Amid Consecutive Losses

Scoobee Day Garments India Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past three days, resulting in a total decline of 5.84%. In stark contrast, the broader market, represented by the Sensex, has shown a slight gain of 0.31% today.
In terms of performance metrics, Scoobee Day Garments has underperformed its sector by 2.88% today. Over the past week, the stock has dropped 7.72%, while its one-month performance reflects an 8.33% decline. Year-to-date, the stock is down 20.58%, significantly lagging behind the Sensex, which has only decreased by 2.48% during the same period.

Despite a notable 36.54% increase over the past year, the stock's longer-term performance reveals challenges, with a 32.07% decline over the last three years compared to the Sensex's 31.76% gain. The stock opened at 111.2 and has remained at this price, indicating erratic trading behavior, as it did not trade on one day out of the last 20. Moving averages show that while the stock is above the 100-day and 200-day averages, it is below the 5-day, 20-day, and 50-day averages, suggesting a potential shift in momentum.