MAKEMYTRIP LTD (MMYT) Stock Technical Analysis
NASDAQ:MMYT - Nasdaq - MU0295S00016 - Common Stock - Currency: USD
Taking everything into account, MMYT scores 0 out of 10 in our technical rating. MMYT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
81% of all other stocks performed better in the past year than MMYT.
MMYT is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 76% of 132 stocks in the same industry do better.
In the last month MMYT has a been trading in the 87.71 - 102.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MMYT has an average volume of 1322400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MMYT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MMYT is lagging the market.
MMYT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 87.11, a Stop Loss order could be placed below this zone.
More info and screens
86.04
109.41
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.
3 important resistance areas can be observed.
- A resistance zone ranging from 94.01 to 97.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 99.14 to 100.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 108.09 to 108.33. 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 | DOWN | NEGATIVE | The long term trend for MMYT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MMYT is down. |
| ChartMill Relative Strength | 19.32 | NEGATIVE | MMYT has a low relative strength, it was outperformed by 80.68% 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) | DOWN | NEGATIVE | The current price of MMYT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.05 | 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) | 19.86 | OVERSOLD | The low Stochastics value suggests MMYT may be oversold. |
| Average True Range in percent/ATR (20) | 4.24 | MEDIUM VOLATILITY | The ATR as a percentage value for MMYT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.1 | 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)
NASDAQ:MMYT (7/15/2025, 10:05:10 AM)
93.055
+2.1 (+2.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg2.3%
1 Week-4.9%
2 Weeks-8.88%
1 Month-9.42%
3 Month-11.95%
6 Month-14.83%
12 Month2.23%
2 Year216.16%
3 Year184.25%
5 Year484.2%
10 Year523.01%
15 YearN/A
Volatility
ATR(14)3.12
ATR(20)%4.24%
ATR Inc-47.21%
Range Today2.96
ADR(20)3.28
ADR(20)%3.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.32
Mansfield-1.72
10 Day High99.44
10 Day Low89.67
20 Day High102
20 Day Low87.71
52 Week High123
52 Week Low76.95
CS1 End87.11
CR1 Start94.01
Volume & EV
DER(3)1.58%
DER(5)0.74%
Volume176.92K
Volume Incr-51.77%
Vol(5)1.06M
Vol(50)1.32M