MAKEMYTRIP LTD (MMYT) Technical Analysis
NASDAQ:MMYT • MU0295S00016
Current stock price
MMYT Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MMYT. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, MMYT is a bad performer in the overall market: 96% of all stocks are doing better.
- MMYT is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, of which 88% are performing better than MMYT.
- MMYT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MMYT is lagging the market.
- MMYT has an average volume of 2039040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month MMYT has a been trading in the 32.67 - 48.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MMYT Weekly and Daily overview Charts
MMYT Setup Rating and Analysis
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.
More info and screens
MMYT Support and Resistance Analysis
42.07
3 important resistance areas can be observed.
- Resistance @68.46 from a trend line in the daily time frame.
- Resistance @70.56 from a trend line in the weekly time frame.
- Resistance @74.42 from a trend line in the daily time frame.
MMYT Technical Indicator Signal Analysis
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 | 4.78 | NEGATIVE | MMYT has a low relative strength, it was outperformed by 95.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MMYT is above 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) | 46.12 | NEUTRAL | The RSI value for MMYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.84 | POSITIVE | The MACD value suggests MMYT has a positive trend. |
| Stochastics (14,3) | 58.8 | NEUTRAL | The Stochastics value for MMYT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.83 | HIGH VOLATILITY | The high ATR as a percentage value for MMYT suggests high volalility. |
| Average Directional Index/ADX (14) | 47.51 | POSITIVE | The high ADX value value for MMYT suggests a strong trend. |
MMYT Chart- and CandleStick Pattern Analysis
MMYT Technicals: Chart, Performance Metrics, Trend & Indicators
42.49
+4.22 (+11.03%)
MAKEMYTRIP LTD / MMYT TA 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.
Can you provide the RSI signal for MAKEMYTRIP LTD?
MAKEMYTRIP LTD (MMYT) has an RSI value of 46.1163. 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 0.837131, indicating a bearish trend.
Can you provide the support and resistance levels for MAKEMYTRIP LTD?
MAKEMYTRIP LTD (MMYT) has a resistance level at 68.46. Check the full technical report for our detailed analysis of MMYT support and resistance levels.