62.6 USD
-3.75 (-5.65%)
62.6 USD
0 (0%)
We assign a technical rating of 0 out of 10 to MMYT. MMYT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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: 92% of all stocks are doing better.
- MMYT is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry, of which 82% are performing better than MMYT.
- MMYT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month MMYT has a been trading in the 62.01 - 85.43 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- MMYT has an average volume of 1167360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of MMYT is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
61.97
101.89
4 important resistance areas can be observed.
- A resistance zone ranging from 77.28 to 78.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 80.99 to 81.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 90.44 to 91.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 8.68 | NEGATIVE | MMYT has a low relative strength, it was outperformed by 91.32% 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) | 21.23 | OVERSOLD | The low RSI value suggests MMYT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.03 | NEGATIVE | The MACD value suggests MMYT has a negative trend. |
| Stochastics (14,3) | 2.24 | OVERSOLD | The low Stochastics value suggests MMYT may be oversold. |
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for MMYT suggests some volalility. |
| Average Directional Index/ADX (14) | 35.15 | 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)
62.6
-3.75 (-5.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-5.65%
1 Week-15.77%
2 Weeks-24.13%
1 Month-26.79%
3 Month-30.21%
6 Month-39.08%
12 Month-42.61%
2 Year13.02%
3 Year116.01%
5 Year119.42%
10 Year235.84%
15 Year117.74%
Volatility
ATR(14)3.47
ATR(20)%4.6%
ATR Inc23.41%
Range Today5.35
ADR(20)2.78
ADR(20)%4.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.68
3 months CRS10.02
6 months CRS8.63
Mansfield-3.98
10 Day High83.26
10 Day Low62.01
20 Day High85.43
20 Day Low62.01
52 Week High120.72
52 Week Low62.01
CS1 EndN/A
CR1 Start77.28
Volume & EV
DER(3)0.24%
DER(5)0.15%
Volume3.46M
Volume Incr210.9%
Vol(5)2.87M
Vol(50)1.17M
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 21.2314. This indicates that the stock is currently oversold.
Can you provide the MACD signal for MAKEMYTRIP LTD?
The MACD indicator for MAKEMYTRIP LTD (MMYT) has a value of -2.03098, indicating a bearish trend.
Can you provide the short term momentum for MAKEMYTRIP LTD?
The short term momentum for MAKEMYTRIP LTD (MMYT) is negative.