MAKEMYTRIP LTD (MMYT) Stock Technical Analysis
USA - NASDAQ:MMYT - MU0295S00016 - Common Stock
101.84 USD
+2.56 (+2.58%)
101.01 USD
-0.83 (-0.82%)
We assign a technical rating of 4 out of 10 to MMYT. MMYT has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
MMYT has an average volume of 1000120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, MMYT turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
MMYT is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 54% of 134 stocks in the same industry.
MMYT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MMYT is lagging the market.
In the last month MMYT has a been trading in the 95.21 - 104.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, MMYT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 102.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 100.89, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MMYT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
86.24
105.97
3 important support areas can be observed.
- A support zone ranging from 96.93 to 100.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 90.86 to 94.33. 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 102.87 to 103.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @104.92 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for MMYT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MMYT is neutral. |
| ChartMill Relative Strength | 43.6 | NEUTRAL | MMYT is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of MMYT is above the rising 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) | 56.67 | NEUTRAL | The RSI value for MMYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MMYT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.87 | NEUTRAL | The Stochastics value for MMYT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for MMYT suggests some volalility. |
| Average Directional Index/ADX (14) | 10.96 | 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)
101.84
+2.56 (+2.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg2.58%
1 Week4.12%
2 Weeks1.38%
1 Month0.97%
3 Month11.12%
6 Month0.77%
12 Month-6.11%
2 Year151.33%
3 Year231.73%
5 Year563.02%
10 Year640.66%
15 Year162.61%
Volatility
ATR(14)3.35
ATR(20)%3.03%
ATR Inc11.73%
Range Today3.21
ADR(20)3.03
ADR(20)%2.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.6
Mansfield-1.09
10 Day High102.51
10 Day Low95.38
20 Day High104.43
20 Day Low95.21
52 Week High123
52 Week Low81.84
CS1 End100.89
CR1 Start102.87
Volume & EV
DER(3)3.76%
DER(5)2.51%
Volume1.14M
Volume Incr90.65%
Vol(5)1.35M
Vol(50)1.00M