MAKEMYTRIP LTD (MMYT) Stock Technical Analysis
NASDAQ:MMYT • MU0295S00016
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.
- 90% 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. 77% of 126 stocks in the same industry do better.
- MMYT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MMYT has a been trading in the 53.09 - 65.49 range, which is quite wide. It is currently trading near the lows of this range.
- MMYT has an average volume of 1825980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 55.99, a Stop Loss order could be placed below this zone.
More info and screens
54.73
We found 1 important support area.
- A support zone ranging from 55.28 to 55.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- Resistance @62.35 from a horizontal line in the daily time frame.
- A resistance zone ranging from 75.83 to 76.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @79.34 from a trend line in the daily time frame.
- Resistance @87.53 from a trend line in the weekly time frame.
- Resistance @100.88 from a horizontal line in the daily time frame.
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 | 10.99 | NEGATIVE | MMYT has a low relative strength, it was outperformed by 89.01% 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) | 35.94 | NEUTRAL | The RSI value for MMYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests MMYT has a positive trend. |
| Stochastics (14,3) | 24.07 | NEUTRAL | The Stochastics value for MMYT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for MMYT suggests high volalility. |
| Average Directional Index/ADX (14) | 41.41 | POSITIVE | The high ADX value value for MMYT suggests a strong trend. |
56.32
+1.03 (+1.86%)
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 current trend direction of MAKEMYTRIP LTD (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 35.9427. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MAKEMYTRIP LTD?
The MACD indicator for MAKEMYTRIP LTD (MMYT) has a value of 0.425171, indicating a bearish trend.
Can you provide the short term momentum for MAKEMYTRIP LTD?
The short term momentum for MAKEMYTRIP LTD (MMYT) is negative.