MAKEMYTRIP LTD (MMYT)

MU0295S00016 - Common Stock

86.5  +1.77 (+2.09%)

After market: 86.45 -0.05 (-0.06%)

Technical Rating and Analysis

10

Taking everything into account, MMYT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MMYT has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MMYT is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, MMYT also shows a nice and consistent pattern of rising prices.
MMYT is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry. MMYT outperforms 99% of them.
A new 52 week high is currently being made by MMYT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month MMYT has a been trading in the 60.77 - 88.56 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
MMYT Weekly chart
MMYT Daily chart
Setup Rating and Analysis

2

Although MMYT has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

50.97

87.37

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 64.75 to 65.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @63.01 from a trend line in the daily time frame.
  • Support @51.48 from a trend line in the weekly time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.6
Mansfield6.6
10 Day High88.56
10 Day Low69.81
20 Day High88.56
20 Day Low60.77
52 Week High88.56
52 Week Low25.76
Performance
1 Week15.33%
2 Weeks19.49%
1 Month42.04%
3 Month43.5%
6 Month99.4%
12 Month232.18%
2 Year212.73%
3 Year214.55%
5 Year268.09%
10 Year237.76%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)1.64
RSI(14)78.53
LBB63.12
UBB87.4
MMYT Daily chart

MAKEMYTRIP LTD

NASDAQ:MMYT (5/17/2024, 7:13:55 PM)

After market: 86.45 -0.05 (-0.06%)

86.5

+1.77 (+2.09%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg2.09%
1 Week15.33%
2 Weeks19.49%
1 Month42.04%
3 Month43.5%
6 Month99.4%
12 Month232.18%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.89
ATR(20)%4.01%
ATR Inc
Range Today4.17
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High88.56
10 Day Low69.81
20 Day High88.56
20 Day Low60.77
52 Week High88.56
52 Week Low25.76
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume687.00K
Volume Incr30%
Vol(5)967.56K
Vol(50)795.21K