85.51 USD
-0.77 (-0.89%)
85.51 USD
0 (0%)
Overall MMYT gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MMYT was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, MMYT is a bad performer in the overall market: 83% of all stocks are doing better.
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 69.69 - 86.94 range, which is quite wide. It is currently trading near the high of this range.
MMYT has an average volume of 1226500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
MMYT is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 42% of 133 stocks in the same industry.
MMYT has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
69.61
101.89
3 important support areas can be observed.
- A support zone ranging from 83.40 to 83.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @71.89 from a trend line in the weekly time frame.
- Support @70.31 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 86.39 to 86.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 92.76 to 94.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 99.61 to 100.88. 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 | UP | POSITIVE | The short term trend for MMYT is up. |
| ChartMill Relative Strength | 17.25 | NEGATIVE | MMYT has a low relative strength, it was outperformed by 82.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MMYT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MMYT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MMYT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.14 | NEUTRAL | The RSI value for MMYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.46 | POSITIVE | The MACD value suggests MMYT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.3 | OVERBOUGHT | The high Stochastics value suggests MMYT may be overbought. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for MMYT suggests some volalility. |
| Average Directional Index/ADX (14) | 37.96 | POSITIVE | The high ADX value value for MMYT suggests a strong 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)
85.51
-0.77 (-0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.89%
1 Week-0.34%
2 Weeks19.24%
1 Month17.72%
3 Month-9.68%
6 Month-14.34%
12 Month-25.34%
2 Year82.01%
3 Year210.16%
5 Year189.57%
10 Year398.31%
15 Year216.35%
Volatility
ATR(14)3.06
ATR(20)%3.32%
ATR Inc-27.27%
Range Today1.41
ADR(20)2.79
ADR(20)%3.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.25
3 months CRS22.78
6 months CRS17.21
Mansfield-2.07
10 Day High86.94
10 Day Low71.2
20 Day High86.94
20 Day Low69.69
52 Week High122.35
52 Week Low69.69
CS1 End83.76
CR1 Start86.39
Volume & EV
DER(3)3.7%
DER(5)0.97%
Volume849.01K
Volume Incr25.16%
Vol(5)1.34M
Vol(50)1.23M
MAKEMYTRIP LTD / MMYT FAQ
What is the ChartMill technical rating of MAKEMYTRIP LTD (MMYT) stock?
ChartMill assigns a technical rating of 2 / 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 63.1412. 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 1.45799, indicating a bullish trend.
What is the short term momentum for MAKEMYTRIP LTD (MMYT) stock?
The short term momentum for MAKEMYTRIP LTD (MMYT) is positive.