MAKEMYTRIP LTD (MMYT)
MU0295S00016 - Common Stock
Taking everything into account, MMYT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MMYT is showing a nice and steady performance.
In the last month MMYT has a been trading in the 107.69 - 123.00 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, MMYT did better than 95% of all other stocks. We also observe that the gains produced by MMYT over the past year are nicely spread over this period.
MMYT is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 94% of 134 stocks in the same industry.
MMYT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MMYT is performing more or less in line with the market.
MMYT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
93.68
121.66
When analyzing the support we can see 5 important areas.
- Support @105.50 from a trend line in the daily time frame.
- Support @103.64 from a trend line in the weekly time frame.
- A support zone ranging from 99.14 to 99.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 97.53 to 97.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @94.63 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important 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
CRS95.69
Mansfield2.41
10 Day High123
10 Day Low109.62
20 Day High123
20 Day Low107.69
52 Week High123
52 Week Low43.31
Performance
1 Week-5.27%
2 Weeks-7.85%
1 Month1.19%
3 Month2.33%
6 Month37.8%
12 Month139.79%
2 Year302.61%
3 Year300.58%
5 Year384.72%
10 Year327.09%
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)-1.06
RSI(14)47.19
LBB110.98
UBB121.59
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 115.83 | 109.61 | 6.22 (5.37%) | 18.63% |
| An entry @115.83. This is a Buy Stop order right above the 10 day moving average. | An exit @109.61. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.22 points, which is 5.37%. | For a 1.00% total portfolio risk, you can invest 18.63% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MMYT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MAKEMYTRIP LTD
NASDAQ:MMYT (12/20/2024, 8:25:05 PM)
After market: 111 0 (0%)111
-2 (-1.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-1.77%
1 Week-5.27%
2 Weeks-7.85%
1 Month1.19%
3 Month2.33%
6 Month37.8%
12 Month139.79%
2 Year302.61%
3 Year300.58%
5 Year384.72%
10 Year327.09%
15 YearN/A
Volatility
ATR(14)5.53
ATR(20)%4.39%
ATR Inc-22.27%
Range Today3.58
ADR(20)4.71
ADR(20)%4.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.69
Mansfield2.41
10 Day High123
10 Day Low109.62
20 Day High123
20 Day Low107.69
52 Week High123
52 Week Low43.31
CS1 End105.5
CR1 Start120.46
Volume & EV
DER(3)-2.24%
DER(5)-0.76%
Volume784.40K
Volume Incr-3.42%
Vol(5)525.14K
Vol(50)532.97K