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.
When comparing the yearly performance of all stocks, MMYT is a bad performer in the overall market: 74% of all stocks are doing better.
MMYT is part of the Hotels, Restaurants & Leisure industry. There are 131 other stocks in this industry, of which 66% are performing better than MMYT.
MMYT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MMYT has a been trading in the 89.67 - 104.99 range, which is quite wide. It is currently trading near the lows of this range.
MMYT has an average volume of 1505720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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 very little resistance above the current price. There is a support zone below the current price at 92.11, a Stop Loss order could be placed below this zone.
More info and screens
86.24
108.26
When analyzing the support we can see 2 important areas.
- A support zone ranging from 91.49 to 93.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @87.11 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 95.76 to 97.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @99.14 from a horizontal line in the daily time frame.
- A resistance zone ranging from 100.88 to 102.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 106.24 to 107.19. 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 | 26.61 | NEGATIVE | MMYT has a low relative strength, it was outperformed by 73.39% 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) | 42.92 | NEUTRAL | The RSI value for MMYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests MMYT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.96 | OVERSOLD | The low Stochastics value suggests MMYT may be oversold. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for MMYT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.24 | NEGATIVE | The low ADX value for MMYT suggests a weak or negative 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 (8/7/2025, 10:42:01 AM)
94.72
+1.74 (+1.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg1.87%
1 Week0.44%
2 Weeks-8.75%
1 Month-0.4%
3 Month-5.04%
6 Month-18.14%
12 Month-1.07%
2 Year134.44%
3 Year178.8%
5 Year450.83%
10 Year547.04%
15 Year173.47%
Volatility
ATR(14)3.43
ATR(20)%3.41%
ATR Inc-31.73%
Range Today1.23
ADR(20)3
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.61
Mansfield-1.6
10 Day High104.33
10 Day Low91
20 Day High104.99
20 Day Low89.67
52 Week High123
52 Week Low81.84
CS1 End92.11
CR1 Start93.29
Volume & EV
DER(3)-3.27%
DER(5)-3.51%
Volume95.48K
Volume Incr-24.39%
Vol(5)1.00M
Vol(50)1.51M