MAKEMYTRIP LTD (MMYT) Stock Technical Analysis
NASDAQ:MMYT - Nasdaq - MU0295S00016 - Common Stock - Currency: USD
Taking everything into account, MMYT scores 9 out of 10 in our technical rating. Although MMYT has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that MMYT is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, MMYT also shows a nice and consistent pattern of rising prices.
MMYT is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 89% of 136 stocks in the same industry.
MMYT is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so MMYT slightly outperforms the market at the moment.
In the last month MMYT has a been trading in the 84.83 - 112.99 range, which is quite wide. It is currently trading near the high of this range.
Although MMYT has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
83.08
121.66
We found 3 important support areas.
- Support @89.29 from a trend line in the daily time frame.
- Support @86.91 from a horizontal line in the daily time frame.
- Support @83.92 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 120.46 to 120.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.67
Mansfield1.45
10 Day High112.99
10 Day Low99.33
20 Day High112.99
20 Day Low84.83
52 Week High123
52 Week Low69.81
Performance
1 Week4.52%
2 Weeks8.91%
1 Month17.1%
3 Month2.96%
6 Month9.02%
12 Month55.41%
2 Year331.53%
3 Year306.73%
5 Year626.27%
10 Year479.9%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.96
RSI(14)63.99
LBB97.67
UBB111.16
112.5
+4.96 (+4.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg4.61%
1 Week4.52%
2 Weeks8.91%
1 Month17.1%
3 Month2.96%
6 Month9.02%
12 Month55.41%
2 Year331.53%
3 Year306.73%
5 Year626.27%
10 Year479.9%
15 YearN/A
Volatility
ATR(14)4.16
ATR(20)%5.05%
ATR Inc8.72%
Range Today4.32
ADR(20)5.3
ADR(20)%4.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.67
Mansfield1.45
10 Day High112.99
10 Day Low99.33
20 Day High112.99
20 Day Low84.83
52 Week High123
52 Week Low69.81
CS1 End89.29
CR1 Start120.46
Volume & EV
DER(3)5.15%
DER(5)3.02%
Volume806.60K
Volume Incr-16.32%
Vol(5)697.92K
Vol(50)856.21K