MAKEMYTRIP LTD (MMYT) Stock Technical Analysis
NASDAQ:MMYT - Nasdaq - MU0295S00016 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to MMYT. Although MMYT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month MMYT has a been trading in the 97.59 - 120.72 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.
When comparing the yearly performance of all stocks, we notice that MMYT is one of the better performing stocks in the market, outperforming 90% 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 85% of 135 stocks in the same industry.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
MMYT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MMYT is lagging the market.
MMYT has an average technical rating and also the quality of the setup is 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
90.59
121.66
When analyzing the support we can see 2 important areas.
- A support zone ranging from 97.53 to 97.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @91.51 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @117.99 from a horizontal line in the daily time frame.
- Resistance @120.46 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.56
Mansfield-0.06
10 Day High118
10 Day Low97.59
20 Day High120.72
20 Day Low97.59
52 Week High123
52 Week Low56.9
Performance
1 Week-6.13%
2 Weeks-16.13%
1 Month-10.57%
3 Month-9.99%
6 Month-2.13%
12 Month72.37%
2 Year277.59%
3 Year248.54%
5 Year325.34%
10 Year315.94%
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)-1.28
RSI(14)36.21
LBB94.46
UBB122.79
97.87
-3.77 (-3.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-3.71%
1 Week-6.13%
2 Weeks-16.13%
1 Month-10.57%
3 Month-9.99%
6 Month-2.13%
12 Month72.37%
2 Year277.59%
3 Year248.54%
5 Year325.34%
10 Year315.94%
15 YearN/A
Volatility
ATR(14)5.64
ATR(20)%5.63%
ATR Inc12.36%
Range Today6.49
ADR(20)5.15
ADR(20)%5.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.56
Mansfield-0.06
10 Day High118
10 Day Low97.59
20 Day High120.72
20 Day Low97.59
52 Week High123
52 Week Low56.9
CS1 End97.86
CR1 Start117.99
Volume & EV
DER(3)-3.58%
DER(5)-3.12%
Volume844.60K
Volume Incr-3.37%
Vol(5)861.36K
Vol(50)686.81K