MAKEMYTRIP LTD (MMYT) Stock Technical Analysis
USA - NASDAQ:MMYT - MU0295S00016 - Common Stock
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.
MMYT has a poor technical rating and the quality of the setup is also only medium 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
77.75
When analyzing the support we notice one important area.
- Support @78.54 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 89.70 to 90.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @96.82 from a trend line in the weekly time frame.
- Resistance @99.17 from a trend line in the daily time frame.
- A resistance zone ranging from 100.88 to 103.21. 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 | DOWN | NEGATIVE | The short term trend for MMYT is down. |
| ChartMill Relative Strength | 13.42 | NEGATIVE | MMYT has a low relative strength, it was outperformed by 86.58% 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) | 31.19 | NEUTRAL | The RSI value for MMYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests MMYT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.03 | OVERSOLD | The low Stochastics value suggests MMYT may be oversold. |
| Average True Range in percent/ATR (20) | 4.27 | MEDIUM VOLATILITY | The ATR as a percentage value for MMYT suggests some volalility. |
| Average Directional Index/ADX (14) | 25.42 | POSITIVE | The high ADX value value for MMYT suggests a strong trend. |
78.56
-1.4 (-1.75%)
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 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 31.1861. 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 -0.589058, indicating a bearish trend.
What is the short term momentum for MAKEMYTRIP LTD (MMYT) stock?
The short term momentum for MAKEMYTRIP LTD (MMYT) is negative.