MAKEMYTRIP LTD (MMYT) Stock Technical Analysis
NASDAQ:MMYT - Nasdaq - MU0295S00016 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to MMYT. Although MMYT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month MMYT has a been trading in the 96.85 - 106.25 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, MMYT did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
MMYT is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry, MMYT did better than 69% of them.
MMYT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MMYT is lagging the market slightly.
MMYT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
86.04
114.34
We found 1 important support area.
- A support zone ranging from 86.91 to 87.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 100.43 to 101.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 110.16 to 110.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 112.50 to 113.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MMYT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MMYT is down. |
| ChartMill Relative Strength | 83.46 | POSITIVE | MMYT has a high relative strength, it outperformed 83.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MMYT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MMYT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MMYT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.86 | NEUTRAL | The RSI value for MMYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests MMYT has a negative trend. |
| Stochastics (14,3) | 29.28 | NEUTRAL | The Stochastics value for MMYT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for MMYT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.63 | NEUTRAL | The ADX value for MMYT suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
98.72
-1.7 (-1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-1.69%
1 Week-1.76%
2 Weeks-2.86%
1 Month-6.13%
3 Month5%
6 Month-15.75%
12 Month29.15%
2 Year265.9%
3 Year284.42%
5 Year544.39%
10 Year401.63%
15 YearN/A
Volatility
ATR(14)2.97
ATR(20)%3.11%
ATR Inc20.75%
Range Today3.44
ADR(20)3.02
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.46
Mansfield-0.61
10 Day High103.98
10 Day Low96.85
20 Day High106.25
20 Day Low96.85
52 Week High123
52 Week Low76.8
CS1 End87.11
CR1 Start100.43
Volume & EV
DER(3)-0.26%
DER(5)-0.4%
Volume578.80K
Volume Incr-5.1%
Vol(5)556.18K
Vol(50)721.72K