NASDAQ:MMYT • MU0295S00016
Taking everything into account, MMYT scores 0 out of 10 in our technical rating. MMYT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of MMYT is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
55.69
When analyzing the resistance we notice 5 important areas.
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 | 9.71 | NEGATIVE | MMYT has a low relative strength, it was outperformed by 90.29% 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) | 32.81 | NEUTRAL | The RSI value for MMYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests MMYT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 38.39 | NEUTRAL | The Stochastics value for MMYT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.73 | HIGH VOLATILITY | The high ATR as a percentage value for MMYT suggests high volalility. |
| Average Directional Index/ADX (14) | 43.37 | POSITIVE | The high ADX value value for MMYT suggests a strong trend. |
56.25
-2.46 (-4.19%)
ChartMill assigns a technical rating of 0 / 10 to MMYT.
The current trend direction for MAKEMYTRIP LTD (MMYT) is Bearish.
MAKEMYTRIP LTD (MMYT) has an RSI value of 32.8132. This indicates that the stock is currently neutral.
The MACD indicator for MAKEMYTRIP LTD (MMYT) has a value of 0.243827, indicating a bearish trend.
The short term momentum for MAKEMYTRIP LTD (MMYT) is negative.