Looks like stock is oversold for no reason.
MACD, RSI and Stochastic are indicating oversold situation. Just based on pure technicals, it looks like stock could bounce or reverse the downward movement (if no other bad news in the market). Selling market can affect any stock.
I think reason may be because of dilution caused by secondary offer as well as recent stock performance. Profit taking. Once profit taking is over, I think it will stabilize and could start moving north again.