MAKEMYTRIP LTD (MMYT) Stock Technical Analysis
USA - NASDAQ:MMYT - MU0295S00016 - Common Stock
Overall MMYT gets a technical rating of 0 out of 10. 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.
Although the technical rating is bad, MMYT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 77.29, a Stop Loss order could be placed below this zone.
More info and screens
75.89
When analyzing the support we notice one important area.
- A support zone ranging from 76.66 to 77.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 77.31 to 78.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @96.24 from a trend line in the weekly time frame.
- Resistance @98.73 from a trend line in the daily time frame.
- A resistance zone ranging from 100.88 to 103.21. 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 | 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 | 13 | NEGATIVE | MMYT has a low relative strength, it was outperformed by 87% 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) | 32.37 | NEUTRAL | The RSI value for MMYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests MMYT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.82 | OVERSOLD | The low Stochastics value suggests MMYT may be oversold. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for MMYT suggests some volalility. |
| Average Directional Index/ADX (14) | 32.27 | POSITIVE | The high ADX value value for MMYT suggests a strong trend. |
77.3
-1.05 (-1.34%)
MAKEMYTRIP LTD / MMYT FAQ
What is the ChartMill technical rating of MAKEMYTRIP LTD (MMYT) stock?
ChartMill assigns a technical rating of 0 / 10 to MMYT.
What is the trend direction for MMYT stock?
The current trend direction for MAKEMYTRIP LTD (MMYT) is Bearish.
What is the RSI signal for MAKEMYTRIP LTD (MMYT) stock?
MAKEMYTRIP LTD (MMYT) has an RSI value of 32.3694. This indicates that the stock is currently neutral.
What is the MACD signal for MAKEMYTRIP LTD (MMYT) stock?
The MACD indicator for MAKEMYTRIP LTD (MMYT) has a value of -0.185194, indicating a bearish trend.
What is the short term momentum for MAKEMYTRIP LTD (MMYT) stock?
The short term momentum for MAKEMYTRIP LTD (MMYT) is negative.